Saranac Lake Multi-Unit
223+225 Neil Street, Saranac Lake, NY 12983
MULTI_FAMILY - Other - Saranac Lake, NY
Property size:
3,687 SFLot size:
0.18 AcresPrice / SF:
$124/SF- Added:
- Feb 21, 2026
- Days on Market:
- 82
- Last Refresh:
- May 14 at 9:06 pm
Property Features for 223+225 Neil Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Mixed
- Parking
- 6
- Parking features
- Off Street, Open
- Patio and Porch features
- Deck, Porch
- Interior features
- Apartment
- Exterior features
- Balcony, Private Entrance
- Basement
- Finished, Apartment
- Appliances
- Free-Standing Electric Oven, Free-Standing Electric Range
- Standard status
- Active
- APN
- 446.76-6-9
- Size
- 3,687 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8228
Utilities
- Sewer type
- Public Sewer
- Heating system
- Oil, Baseboard, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1920
- Number of units
- 4
- Building materials
- Frame
- Roof type
- Metal
- Architectural style
- Other
Listing agent Stephanie Mason (914) 772-3949
Listing office Mason Realty Team 4 Vintage Estates, Plattsburgh, NY (914) 772-3949
Listing date Feb 21, 2026
MLS# 206606
Listing URL
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.
HighLights
- Multi‑unit property with two separate buildings offering diversified rental income streams.
- Generates $4,300/month in rental income with potential for increased rents.
- Standalone single‑family style home (3 bed/1.5 bath) provides flexible rental or owner‑occupant options.
- Second building contains three units (3/1, 2/1, 1/1) for varied tenant occupancy.
- Fully rented with long‑term tenants, ensuring immediate income.
- Ideal setup for owner‑occupancy of the main building with rental income from the other building to offset mortgage costs.
Overview
This multi-unit investment opportunity features two separate buildings situated on a single property. The first building is a standalone single-family style home with 3 bedrooms and 1.5 baths, suitable for flexible rental options or owner-occupancy. The second building contains three units: a 3-bedroom, 1-bath unit; a 2-bedroom, 1-bath unit; and a 1-bedroom, 1-bath basement unit. The property currently generates $4,300 per month in rental income, with potential for increased returns as rents are below current market value. The separate layouts allow for a diversified tenant mix and strong long-term cash flow potential. The property is ideal for investors seeking immediate income with room to increase returns over time. The property is fully rented with long-term tenants. The setup is perfect for an owner-occupied main building and a rental building to supplement the mortgage. The property is located in Saranac Lake, NY, and has a mixed zoning. The lot size is 0.18 acres, and the property size is 3,687 square feet.
Location Intelligence
Current Use by Public Records
Multifamily properties
Map
- City
- Saranac Lake
- County
- Franklin
- State
- New York
- Longitude
- -74.13538
- Latitude
- 44.329034
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Two buildings, four units, generating income with upside potential.
Where is this multifamily property located?
The property is located at 223+225 Neil Street Saranac Lake, NY.
What is the asking price?
The asking price for this property is $459,900.
What are key features of this property?
This property features: Multi‑unit property with two separate buildings offering diversified rental income streams.; Generates $4,300/month in rental income with potential for increased rents.; Standalone single‑family style home (3 bed/1.5 bath) provides flexible rental or owner‑occupant options.
