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Three-Unit Triplex Apartment Building
For Sale
$499,000

3115 State Route 28, Old Forge, NY 13420

Commercial Sale, Old Forge, NY

Property Size1,460 SF
Lot Size0.14 Acres
Price / SF$341.78
Days on Market566

Property Features for 3115 State Route 28

General Information

Property type Commercial Sale
Property subtype Other
Zoning Commercial
Parking 6
Security features Security Lighting
Basement Unfinished
Appliances Electric Oven, Electric Water Heater, Free-Standing Electric Oven, Free-Standing Electric Range, Free-Standing Refrigerator, Microwave, Range, Refrigerator, Stainless Steel Appliance(s), Water Heater
Elementary school district Town of Webb UFSD
Middle school district Town of Webb UFSD
High school district Town of Webb UFSD
Directions As you drive into the town of Old Forge, past the town center at the 5 corners, continue and building is on the left next to the Blue Line Coffee Shop.
Subdivision Old Forge, Inlet, Eagle Bay, Big Moose
Standard status Active
APN 041.51-1-69.2
Size 1,460 SF
Lot size 0.14 Acres

Taxes and HOA fees

Tax Annual Amount 2519

Utilities

Sewer type Public Sewer
Heating system Oil, Wall Furnace, Forced Air
Cooling system Wall/Window Unit(s), Window Unit(s)

Building Details

Year built 1900
Floors in Building 2
Number of units 3
Flooring type Laminate, Carpet
Building materials Batts Insulation, Vinyl Siding, Wood Siding
Roof type Asphalt, Shingle
Listing Agency: Timm Associates Sothebys International Realty
Listed By: Sandra Albert
Added: Jan 31, 2025 Changed: Aug 19 Last Checked: Aug 20 at 10:06AM
MLS# 203857

Copyright © 2026 Adirondack Champlain Valley MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This three-unit triplex apartment building offers three spacious 1-bedroom apartments in a fully renovated year-round investment setting. Furnishings are included, and the property is described as ready for occupancy. Two units are rented as Air BnBs, while the third unit has a year lease tenant.

The building is located at 3115 State Route 28 in Old Forge, New York, on a 0.14-acre lot. The property is zoned commercial and has a total size of 1,460 square feet. Built in 1900, it features vinyl siding and wood siding with an asphalt shingle roof.

Interior systems and finishes include carpet and laminate flooring, with heating provided by forced air, wall furnace, and oil, plus window unit(s). The property lists public sewer service and includes appliances such as electric ovens, a microwave, and refrigerators, along with electric water heating.

Key Highlights

  • Fully renovated three‑unit triplex with three 1‑bedroom apartments
  • Two units rented as Air BnBs and the third unit has a year lease tenant
  • Furnishings included for ready occupancy

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick HVAC Service Electrical Service Building Supply Storage Facility Grocery & Convenience Store Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

268
Businesses Nearby

Demographics for 13420, NY

1,263
Population
2,441
Households
0.5
Avg Household Size
55
Median Age
62%
College-Educated
91%
High-School Grad
148.2 sq mi
ZIP Area
9
Density / Sq Mi
$107,770
Median Household Income
$47,346
Median Earnings
$348,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Triplex - Fully renovated triplex with three 1-bedroom units, furnishings included, and public sewer service.
Where is this triplex located?
The property is located at 3115 State Route 28 Old Forge, NY.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Fully renovated three‑unit triplex with three 1‑bedroom apartments; Two units rented as Air BnBs and the third unit has a year lease tenant; Furnishings included for ready occupancy
More about this property
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