9-Unit Apartment Building with Balcony
For Sale
$1,200,000
Pending
9 River Street, Saranac Lake, NY 12983
COMMERCIAL - Saranac Lake, NY
Property Size6,811 SF
Lot Size0.27 Acres
Days on Market98
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
Propane (Heating), Baseboard, Oil
Water source
Public
Amenities
shared balcony access
coin-operated basement laundry
Building Details
Year built
1880
Flooring type
Tile, Vinyl, Hardwood
Building materials
Brick, Vinyl Siding
Roof type
Metal, Asphalt
Listing Agency:
Tina Leonard Real Estate, LLC
(518) 523-3224
Listed By:
Chase Jermano
(518) 637-5272
Added: May 2
Changed: Aug 4
Last Checked: Aug 7 at 10:06AM
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 includes apartment interior features such as beamed and coffered ceilings, high ceilings, a kitchen island, and recessed lighting. The exterior includes balcony space, and the property has paved or surfaced parking. Heating is provided by a mix of propane (heating) and oil baseboard systems. The building is constructed with brick and vinyl siding and has a roof with metal and asphalt.
The property sits directly across from Lake Flower and Riverside Park. Water and sewer are public, and the site is described as having privacy fencing. Unit 1 was recently renovated. Units 5 and 7 include private shared balcony access with lake and mountain views. Unit 7 is described as the owner’s suite with three bedrooms, two baths, a Jacuzzi tub, skylights, a wood stove fireplace, a custom kitchen, and in-unit laundry.
Additional amenities include coin-operated basement laundry for ancillary income and an on-site property manager residing in the building at reduced rent. The prior owner completed extensive foundation work, reducing near-term capital risk.
The property sits directly across from Lake Flower and Riverside Park. Water and sewer are public, and the site is described as having privacy fencing. Unit 1 was recently renovated. Units 5 and 7 include private shared balcony access with lake and mountain views. Unit 7 is described as the owner’s suite with three bedrooms, two baths, a Jacuzzi tub, skylights, a wood stove fireplace, a custom kitchen, and in-unit laundry.
Additional amenities include coin-operated basement laundry for ancillary income and an on-site property manager residing in the building at reduced rent. The prior owner completed extensive foundation work, reducing near-term capital risk.
Key Highlights
- Across from Lake Flower and Riverside Park
- 9‑unit apartment building with balcony access
- Unit 7 owner’s suite: 3 beds, 2 baths, Jacuzzi tub, skylights, wood stove fireplace, in‑unit laundry
Property Analytics
Property Profile
Current Use
Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
640
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Across from Lake Flower and Riverside Park, this 9-unit building includes balcony access and in-unit laundry in the owner suite.
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: Across from Lake Flower and Riverside Park; 9‑unit apartment building with balcony access; Unit 7 owner’s suite: 3 beds, 2 baths, Jacuzzi tub, skylights, wood stove fireplace, in‑unit laundry
