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Two-Family Residential Income Home

41 School Street Lake Placid, NY 12946

New
41 School Street, Lake Placid, NY, 12946
$375,000
For Sale
$375,000

MULTI_FAMILY - Other - Lake Placid, NY

Property Size1,518 SF
Price / SF$247.04
Days on Market1

Property Features for 41 School Street

General Information

Property type
Residential Multi Family
Property subtype
Duplex
Parking features
On Street, Off Street, Driveway
Interior features
Apartment
Exterior features
Balcony
Basement
Full
Standard status
Active
APN
42.207-3-4.000
Size
1,518 SF

Taxes and HOA fees

Tax Annual Amount
3772

Utilities

Sewer type
Public Sewer
Heating system
Electric (Heating)
Water source
Public

Building Details

Year built
1930
Floors in Building
2
Number of units
2
Flooring type
Hardwood
Building materials
Wood Siding
Roof type
Asphalt
Architectural style
Other
Listing Agency Bob Miller Real Estate
2505 Main Street, Lake Placid, NY
Listed by Francis (Bob) Miller
Added: Jul 18 Checked: Jul 18 at 8:06 pm
MLS# 207902 Listing URL

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 two-family residential income property is a convenient duplex setup with both upper and lower units featuring open floor plans and abundant sunlight. The home includes a basement storage area with tenant-owned washer/dryer. Some floors are original refinished Douglas Fir.

The property is located in the heart of the Lake Placid village in a quiet neighborhood. It is described as within walking distance to what Lake Placid has to offer, and the units are currently rented on 12-month leases.

Both units are currently occupied and operating as long-term rentals, offering an owner the option to keep both units as income-producing space.

Key Highlights

  • Two‑family home with open floor plans in both upper and lower units
  • Year built 1930 with wood siding exterior and asphalt shingle roof
  • Hardwood flooring; some original refinished Douglas Fir floors

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Pharmacy Auto Repair Shop Furniture & Home Goods Storage Facility HVAC Service Dental Office Catering Service Electrical Service Daycare Center Butcher

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Two-unit duplex with open floor plans, basement storage, and in-unit washer/dryer for tenant use.
Where is this duplex located?
The property is located at 41 School Street Lake Placid, NY.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two‑family home with open floor plans in both upper and lower units; Year built 1930 with wood siding exterior and asphalt shingle roof; Hardwood flooring; some original refinished Douglas Fir floors
Contact an agent
More about this property
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