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Multifamily Property with Rental Units
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2455 State Route 8, Lake Pleasant, NY 12108

Multiple apartments occupy three buildings with separately metered utilities, shared laundry, and substantial accessory storage.

Property SizeContact for details
Lot Size15.00 Acres
Days on Market6

Property Features for 2455 State Route 8

General Information

Standard status Active
Lot size 15.00 Acres
Property subtype Mixed Use

Site & Location

Road Access Yes
Utilities to Site Yes

Units

Unit Mix 2 x cabin 2BR/1BA, 1 x upper apartment 2BR, 1 x lower apartment 3BR, 1 x row building 2BR, 2 x row building 1BR
Multifamily Units 7

Amenities

coin-operated laundry
private pond

Building Details

Year Built 1960
Buildings 3
Tenancy Multi
Listing Agency: ALICIA C MILLER REAL ESTATE INC
Listed By: Christy Wilt
Source: Crexi
Added: Aug 30 Changed: Sep 2 Last Checked: Sep 2 at 2:03PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ALICIA C MILLER REAL ESTATE INC

Investment Insights

Based on property information with market context.

This multifamily property comprises seven residential rental units in three separate buildings. Two standalone cabins each contain two bedrooms and one bathroom. The main house includes an upper two-bedroom apartment and a lower three-bedroom apartment, while the row building contains one two-bedroom unit and two one-bedroom units. Additional improvements include a coin-operated laundry facility, dedicated mechanical room, and a two-story, four-car garage. The property was built in 1960.

The approximately 15-acre site includes more than 1,150 feet of frontage along State Route 8, stream frontage, and a private pond. Northern mountain views and the surrounding Adirondack setting define the property’s natural context. Recent improvements include a new septic system serving the main house and a new well pump. Separate utility metering supports individual tenant service, while the expansive site provides room for expansion and future development as described in the property information.

Key Highlights

  • 15± acres with over 1,150 feet of road frontage along State Route 8
  • Seven rental units across three buildings, including cabins and apartments
  • Two‑story 4‑car garage, coin‑operated laundry, and dedicated mechanical room

Property Analytics

Current Use

Apartment buildings

Lease Details

7
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

10
Businesses Nearby

Demographics for 12108, NY

415
Population
703
Households
0.6
Avg Household Size
60
Median Age
28%
College-Educated
81%
High-School Grad
73.1 sq mi
ZIP Area
6
Density / Sq Mi
$76,786
Median Household Income
$30,313
Median Earnings
$956
Median Rent
$275,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Multiple apartments occupy three buildings with separately metered utilities, shared laundry, and substantial accessory storage.
Where is this multifamily property located?
The property is located at 2455 State Route 8 Lake Pleasant, NY.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 15± acres with over 1,150 feet of road frontage along State Route 8; Seven rental units across three buildings, including cabins and apartments; Two‑story 4‑car garage, coin‑operated laundry, and dedicated mechanical room
(518) 924-4255 Call to check price and availability
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