Four-Unit Multifamily
New
For Sale
$425,000
79 Franklin Avenue, Saranac Lake, NY 12983
Residential Income, Saranac Lake, NY
Property Size3,442 SF
Price / SF$123.47
Days on Market4
Property Features for 79 Franklin Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
4
Parking features
Open, Off Street
Window features
Storm Window(s)
Patio and Porch features
Porch
Interior features
Granite Counters, High Speed Internet
Basement
Unfinished
Appliances
Dryer, Gas Range, Microwave, Refrigerator, Washer
Lot features
Few Trees, Views
Elementary school district
Saranac Lake
Middle school district
Saranac Lake
High school district
Saranac Lake
Directions
From Town Hall Head northwest on Main St. Turn onto Helen St. Continue to Franklin Ave to arrive at 79 Franklin Ave, Saranac Lake, NY 12983. Look for the yellow door.
Subdivision
Saranac Lake, Raybrook
Standard status
Active
APN
32.198-1-6.000
Size
3,442 SF
Additional Details
Individually Metered Utilities
electricity
Taxes and HOA fees
Tax Annual Amount
3504
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Baseboard, Radiant, Radiant Floor, Electric (Heating)
Water source
Public
Amenities
paved parking
Building Details
Year built
1930
Floors in Building
3
Number of units
4
Flooring type
Wood
Building materials
Wood Siding
Roof type
Shingle, Asphalt
Architectural style
Colonial
Buildings
1
Listing Agency:
Tina Leonard Real Estate, LLC
(518) 523-3224
Listed By:
Chase Jermano
(518) 637-5272
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 25 at 6:06PM
MLS# 208647
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.
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Investment Insights
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This 3,442-square-foot multifamily property contains four apartments: one two-bedroom, one-bath unit and three one-bedroom, one-bath units. The building dates to 1930 and has wood floors throughout. Electrical service has been updated, with a separately metered 100-amp service for each apartment; most plumbing has also been converted to PEX. Additional features include electric baseboard and wall-fan heat, a heat-pump water heater, propane stoves and a shingle roof replaced in 2021.
The two-bedroom apartment has a separate entrance, granite counters and a laundry hookup. Another unit includes a washer and dryer and radiant bathroom flooring. A fourth apartment is vacant and nearing completion of renovation, with laundry appliances and a new kitchen counter scheduled for installation before closing. The upper-level apartment has a three-season porch and views of Baker Mountain. A paved parking area accommodates 4+ cars. Downtown Saranac Lake restaurants and shops are less than half a mile away.
The two-bedroom apartment has a separate entrance, granite counters and a laundry hookup. Another unit includes a washer and dryer and radiant bathroom flooring. A fourth apartment is vacant and nearing completion of renovation, with laundry appliances and a new kitchen counter scheduled for installation before closing. The upper-level apartment has a three-season porch and views of Baker Mountain. A paved parking area accommodates 4+ cars. Downtown Saranac Lake restaurants and shops are less than half a mile away.
Key Highlights
- Four apartments: one 2‑bedroom, 1‑bath unit and three 1‑bedroom, 1‑bath units
- 3,442 square feet; built in 1930
- Separate 100‑amp electrical service and meter for each apartment
Property Analytics
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Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
626
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
Frequently Asked Questions
What type of property is this?
Quadplex - The apartment mix includes one two-bedroom residence and three one-bedroom units, with a paved parking area behind the building.
Where is this quadplex located?
The property is located at 79 Franklin Avenue Saranac Lake, NY.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Four apartments: one 2‑bedroom, 1‑bath unit and three 1‑bedroom, 1‑bath units; 3,442 square feet; built in 1930; Separate 100‑amp electrical service and meter for each apartment
