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Apartment Building with Balconies
For Sale
$1,200,000
Pending

9 River Street, Saranac Lake, NY 12983

Commercial Sale, Saranac Lake, NY

Property Size6,811 SF
Lot Size0.27 Acres
Days on Market141

Property Features for 9 River Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning Commercial
Parking features Paved or Surfaced
Interior features Apartment, Beamed Ceilings, Coffered Ceiling(s), High Ceilings, Kitchen Island, Recessed Lighting
Exterior features Balcony
Fencing Privacy
View Park
Elementary school district Saranac Lake
Middle school district Saranac Lake
High school district Saranac Lake
Directions Located at the 4-way in Saranac Lake across from the Town Hall next to the Verizon Store.
Subdivision Saranac Lake, Raybrook
Standard status Pending
APN 447.77-8-16
Size 6,811 SF
Lot size 0.27 Acres

Taxes and HOA fees

Tax Annual Amount 11865

Utilities

Sewer type Public Sewer
Heating system Baseboard, Propane (Heating), Oil
Water source Public

Amenities

coin-operated laundry
balcony

Building Details

Year built 1880
Flooring type Hardwood, Tile, Vinyl
Building materials Brick, Vinyl Siding
Roof type Metal, Asphalt
Listing Agency: Tina Leonard Real Estate, LLC
Listed By: Chase Jermano
Added: May 2 Changed: Sep 14 Last Checked: Sep 19 at 6:06AM
MLS# 207102

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 9-unit apartment building contains 6,811 square feet on a 0.27-acre parcel and dates to 1880. The property includes brick and vinyl siding, hardwood, tile and vinyl flooring, public water and sewer, paved parking, and a mix of baseboard, propane, and oil heating. Unit 1 has been renovated, while Unit 7 includes three bedrooms, two baths, a Jacuzzi tub, skylights, a wood stove fireplace, custom kitchen, and in-unit laundry. Units 5 and 7 provide access to shared balconies with lake and mountain views. A coin-operated laundry area is located in the basement, and foundation work was completed by the prior owner.

The property is positioned directly across from Lake Flower and Riverside Park at 9 River Street in Saranac Lake. The building is zoned Commercial, with privacy fencing and metal and asphalt roofing.

Key Highlights

  • 9‑unit apartment building with 6,811 square feet on 0.27 acres
  • Directly across from Lake Flower and Riverside Park
  • Unit 7 includes 3 beds, 2 baths, Jacuzzi tub, skylights, wood stove fireplace, custom kitchen, and in‑unit laundry

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Building Supply Nail Salon Auto Parts Store (Bike/Boat/Book/etc) Store Grocery & Convenience Store HVAC Service

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

640
Businesses Nearby

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
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?
Apartment building - Historic multifamily property with lake proximity, renovated space, and shared outdoor areas.
Where is this apartment building located?
The property is located at 9 River Street Saranac Lake, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 9‑unit apartment building with 6,811 square feet on 0.27 acres; Directly across from Lake Flower and Riverside Park; Unit 7 includes 3 beds, 2 baths, Jacuzzi tub, skylights, wood stove fireplace, custom kitchen, and in‑unit laundry
More about this property
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