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Five-Unit Apartment Property with River Access
For Sale
$380,000

57325734 Nys Route 86, Wilmington, NY 12997

Five residential units include four apartments and a detached one-bedroom residence with separately metered utilities.

Property SizeContact for details
Days on Market252

Property Features for 57325734 Nys Route 86

General Information

Standard status Active
Property subtype Residential Income

Site & Location

Road Access Yes
Utilities to Site Yes

Units

Unit Mix 4 x 1BR/1BA, 1 x 1BR/1BA
Multifamily Units 5

Additional Details

Gross Income $54,300

Taxes and HOA fees

Annual Taxes $6,612

Amenities

private river access

Building Details

Buildings 2
Listing Agency: Coldwell Banker Whitbeck Assoc-Saranac Lake
Listed By: Jack Newberry · License #10401378136
Source: Exprealty
Added: Dec 24, 2025 Changed: Sep 2 Last Checked: Sep 2 at 12:44AM

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-Saranac Lake

Investment Insights

Based on property information with market context.

This apartment property contains five residential units: four one-bedroom, one-bathroom apartments and a detached single-family residence with the same bedroom and bathroom configuration. Each unit has separately metered utilities, providing distinct utility billing for the apartments and residence. The property also includes private river access.

Located at 5732-5734 NYS Route 86 in Wilmington, the property is approximately 5 minutes from the base of Whiteface Mountain and 15 minutes from Lake Placid. The surrounding area is associated with skiing and mountain biking, while the river access adds an outdoor-oriented feature to the residential setting.

Key Highlights

  • Five total units: four 1BR/1BA apartments plus one detached 1BR/1BA residence
  • Private river access included with the property
  • Separately metered utilities for all units

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Skin Care Clinic Acupuncture Gym & Fitness Center Spa & Massage Center

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

5
Residential units
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

3
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

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?
Apartment building - Five residential units include four apartments and a detached one-bedroom residence with separately metered utilities.
Where is this apartment building located?
The property is located at 57325734 Nys Route 86 Wilmington, NY.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Five total units: four 1BR/1BA apartments plus one detached 1BR/1BA residence; Private river access included with the property; Separately metered utilities for all units
More about this property
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