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9-Unit Two-Bedroom Apartment Building
For Sale
$1,165,000

5983 Sentinel Rd, Lake Placid, NY 12946

Each residence includes a full kitchen and bathroom, with on-site parking and access to a nearby trolley stop.

Property SizeContact for details
Days on Market19

Property Features for 5983 Sentinel Rd

General Information

Standard status Active
Property subtype Residential Income

Units

Unit Mix 9 x 2BR/1BA
Multifamily Units 9

Additional Details

Public Transit Yes

Taxes and HOA fees

Annual Taxes $8,787

Amenities

onsite parking
Listing Agency: Bob Miller Real Estate
Listed By: Francis (Bob) Miller
Source: Exprealty
Added: Aug 17 Changed: Sep 3 Last Checked: Sep 3 at 1:59AM

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 Bob Miller Real Estate

Investment Insights

Based on property information with market context.

This 9-unit apartment property in Lake Placid, New York, offers a consistent two-bedroom configuration throughout. Each unit includes a full kitchen and bathroom, providing a straightforward residential layout across the building. On-site parking serves the property, and a local trolley stop is located directly across Sentinel Road.

The property is positioned less than 1 mile from Main Street shops and restaurants, placing everyday retail and dining options within close reach. The combination of nine apartments, uniform unit layouts, parking, and nearby transit creates a clearly defined multifamily asset.

Key Highlights

  • 9‑unit apartment property in Lake Placid, NY
  • Each unit features 2 bedrooms, a full kitchen, and a full bath
  • On‑site parking included

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Kitchen & Bath Showroom HVAC Service Catering Service Skin Care Clinic Butcher

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

9
Residential units

Location Intelligence

Trade Area within ½ mile

269
Businesses Nearby

Demographics for 12946, NY

5,217
Population
3,923
Households
1.3
Avg Household Size
46
Median Age
46%
College-Educated
94%
High-School Grad
137.2 sq mi
ZIP Area
38
Density / Sq Mi
$78,261
Median Household Income
$38,845
Median Earnings
$982
Median Rent
$443,800
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 - Each residence includes a full kitchen and bathroom, with on-site parking and access to a nearby trolley stop.
Where is this apartment building located?
The property is located at 5983 Sentinel Rd Lake Placid, NY.
What is the asking price?
The asking price for this property is $1,165,000.
What are key features of this property?
This property features: 9‑unit apartment property in Lake Placid, NY; Each unit features 2 bedrooms, a full kitchen, and a full bath; On‑site parking included
More about this property
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