15 Circle St Saranac Lake, NY 12983

Listing agency Berkshire Hathaway HomeServices Adirondack Premier Properties

Listed by Beth (Parmington) Hall · License #NY

Source Crexi

Added: Apr 11 Updated: Jul 21 at 7:41PM Checked: Jul 22 at 3:39PM

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Investment Insights

Based on property information with market context.

Immaculate, well-maintained three-unit apartment house with an on-site caretaker who takes care of the property’s needs in exchange for reduced rent. The property includes numerous capital improvements, including spray foam insulation, a 30-year roof, upgraded electric with separate meters, and new plumbing. Apartment renovations have been completed, and the building features a coin washer and dryer. The third-floor apartment is being sold furnished.

The property is located within walking distance to downtown Saranac Lake, the new rail-trail, boating, and hiking.

The second-floor apartment was recently vacated, and the seller has requests from prospective tenants. The lease includes a clause allowing the seller to occupy the apartment with advance notice to the tenant if desired.

Key Highlights

• Well‑maintained 3‑unit apartment house with updated electrical and separate meters
• Major capital improvements include spray foam insulation, a 30‑year roof, and new plumbing
• Coin washer & dryer on site

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FAQs

What type of property is this?

Triplex - Well-maintained three-unit apartment house with separate meters, updated systems, and on-site caretaker arrangement.

Where is this triplex located?

The property is located at 15 Circle St Saranac Lake, NY.

What are key features of this property?

This property features: Well‑maintained 3‑unit apartment house with updated electrical and separate meters; Major capital improvements include spray foam insulation, a 30‑year roof, and new plumbing; Coin washer & dryer on site