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Two-Home Short-Term Rental Property
For Sale
$849,000

5701 NYS Route 86, Wilmington, NY 12997

Residential Income, Wilmington, NY

Property Size1,582 SF
Lot Size1.60 Acres
Price / SF$536.66
Days on Market108

Property Features for 5701 NYS Route 86

General Information

Property type Residential Multi Family
Property subtype Triplex
Zoning Residential
Spa 1
Patio and Porch features Deck, Porch
Interior features Natural Woodwork
Exterior features Balcony, Fire Pit, Private Yard
Basement Crawl Space
Appliances Dishwasher, Free-Standing Electric Range, Microwave, Refrigerator, Washer/Dryer Stacked
Elementary school district Lake Placid
Middle school district Lake Placid
High school district Lake Placid
Subdivision Jay, Wilmington
Standard status Active
APN 16.3-2-26.000
Size 1,582 SF
Lot size 1.60 Acres

Taxes and HOA fees

Tax Annual Amount 5086

Utilities

Sewer type Septic Tank
Heating system Electric (Heating)
Cooling system Window Unit(s)
Water source Private, Well

Amenities

private hot tub
lean-to
dedicated patio
historic fire tower

Building Details

Year built 2017
Building materials Wood Siding
Architectural style Other
Listing Agency: Real Broker NY, LLC
Listed By: Gabrielle Neidlinger
Added: Jun 3 Changed: Sep 17 Last Checked: Sep 18 at 9:06PM
MLS# 207461

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.

Set on 1.6 acres, this short-term rental property includes two furnished residences totaling 1,582 square feet. Each home offers two bedrooms, one bathroom, a private hot tub, patio, and lean-to, creating separate guest accommodations with distinct outdoor areas. Separate electric and septic systems support independent operation across the residences. Natural woodwork, wood siding, decks, porches, and character-rich furnishings define the improvements. The property was built in 2017 and includes a private well, septic tank, electric heating, and window-unit cooling.

A historic fire tower remains on the parcel and is being sold as-is, with its structural framework intact. The property also features a fire pit, private yard, balcony, and existing household appliances, including washer/dryer units, refrigerator, microwave, dishwasher, and electric range. Located at 5701 NYS Route 86 in Wilmington, NY, the offering combines two established residential accommodations with an additional existing improvement for future planning, subject to the applicable approvals.

Key Highlights

  • Two furnished residences totaling 1,582 square feet on 1.6 acres
  • Each residence has 2 bedrooms, 1 bathroom, a private hot tub, patio, and lean‑to
  • Separate electric and septic systems serve the two homes

Property Analytics

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Current Use

Short term rental ...

Suggested Use

Top Pick Building Supply Auto Repair Shop HVAC Service Hair Salon Nail Salon Grocery & Convenience Store

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

2
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

114
Businesses Nearby

Demographics for 12997, NY

1,139
Population
818
Households
1.4
Avg Household Size
51
Median Age
31%
College-Educated
96%
High-School Grad
65.2 sq mi
ZIP Area
17
Density / Sq Mi
$80,568
Median Household Income
$53,189
Median Earnings
$1,095
Median Rent
$272,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Short term rental property - Furnished vacation-rental compound with private outdoor amenities and separate utility systems for each residence.
Where is this short term rental property located?
The property is located at 5701 NYS Route 86 Wilmington, NY.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Two furnished residences totaling 1,582 square feet on 1.6 acres; Each residence has 2 bedrooms, 1 bathroom, a private hot tub, patio, and lean‑to; Separate electric and septic systems serve the two homes
More about this property
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