Waterfront Four-Unit Apartment
For Sale
$649,000
317 Lake Flower Avenue, Saranac Lake, NY 12983
Three-floor apartment configuration includes varied unit sizes, individual entrances and a dock on Lake Flower.
Property SizeContact for details
Days on Market18
Property Features for 317 Lake Flower Avenue
General Information
Standard status
Active
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$8,998
Listing Agency:
Coldwell Banker Whitbeck Assoc Tupper Lake
(518) 359-9440
Listed By:
Matthew Ellis
(518) 359-9989
Source:
Exprealty
Added: Sep 14
Changed: Sep 29
Last Checked: Oct 1 at 1:05PM
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 Coldwell Banker Whitbeck Assoc Tupper Lake
Investment Insights
Based on property information with market context.
This Victorian-style four-unit property on Lake Flower has 143 feet of waterfront and a dock. The third and second floors each contain a two-bedroom apartment; the first floor has two one-bedroom units, each with a private entrance. All four apartments have front and rear access. The building has a newer roof, basement storage and separate electrical panels for each apartment following a complete rewiring. Heat is included in tenant rent, while tenants pay their own electricity. Parking is available for five vehicles at the front and five at the rear.
The Adirondack Rail Trail is less than a quarter-mile away, and downtown Saranac Lake is about a 10-minute walk. Restaurants, shops, galleries, entertainment and Pendragon Theatre are nearby. Waterfront use includes the existing dock; additional docks and boat-slip rentals would require appropriate approvals. The first-floor layout could also be changed, subject to approvals.
The Adirondack Rail Trail is less than a quarter-mile away, and downtown Saranac Lake is about a 10-minute walk. Restaurants, shops, galleries, entertainment and Pendragon Theatre are nearby. Waterfront use includes the existing dock; additional docks and boat-slip rentals would require appropriate approvals. The first-floor layout could also be changed, subject to approvals.
Key Highlights
- 143 feet of Lake Flower waterfront with an existing dock
- Four apartments across three floors: two 2‑bedroom units and two 1‑bedroom units
- Ten parking spaces, with five at the front and five at the rear
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
478
Businesses Nearby
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Business Placement
Demographics for 12983, NY
7,073
Population
4,664
Households
1.5
Avg Household Size
46
Median Age
43%
College-Educated
93%
High-School Grad
115.8 sq mi
ZIP Area
61
Density / Sq Mi
$64,604
Median Household Income
$39,717
Median Earnings
$845
Median Rent
$207,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Three-floor apartment configuration includes varied unit sizes, individual entrances and a dock on Lake Flower.
Where is this quadplex located?
The property is located at 317 Lake Flower Avenue Saranac Lake, NY.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 143 feet of Lake Flower waterfront with an existing dock; Four apartments across three floors: two 2‑bedroom units and two 1‑bedroom units; Ten parking spaces, with five at the front and five at the rear
