223+225 Neil ST Saranac Lake, NY 12983
3,687 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,687 sqft
Price per Sqft $124
MLS Listing ID 206606
Style A-Frame
Year Built 1920
Annual Tax Amount $8,227
Lot Size 7,840 Sqft
Acres 0.18
Property Sub-Type Quadruplex
Source Adirondack-Champlain Valley MLS
Property Description
The first building is a standalone single-family style home offering 3 bedrooms and 1.5 baths, providing flexible rental options or potential owner-occupant use.
The second building consists of 3 units: 3/1, 2/1 and 1/1 (basement)
The property currently generates $4,300/month in rental income, with clear upside potential as rents are below current market value.
Separate layouts allow for diversified tenant mix and strong long-term cash flow potential. Ideal for investors seeking immediate income with room to increase returns over time. Fully rented with long term tenants
Perfect setup for owner occupied main building and rental building to supplement mortgage.
Location
State NY
County Franklin
Zoning Mixed
Rooms
Basement Apartment, Finished
Interior
Interior Features Apartment
Heating Baseboard, Hot Water, Oil
Equipment Fuel Tank(s)
Appliance Free-Standing Electric Oven, Free-Standing Electric Range
Laundry Electric Dryer Hookup, Laundry Closet, Washer Hookup
Exterior
Exterior Feature Balcony, Private Entrance
Parking Features Off Street, Open
Roof Type Metal
Porch Deck, Rear Porch
Total Parking Spaces 6
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style A-Frame
Structure Type Frame
Schools
School District Saranac Lake
Others
Senior Community No
Tax ID 446.76-6-9
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