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New
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$459,900

2 days ago

0 Bed

0 Bath

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MLS® 206606

  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size -
Garage No
Taxes $8,228
Days Active 1
Lot Size 0.18 acres
Approx. Age 1920
MLS® Number 206606

Property Address: 223+225 Neil St, Saranac Lake, NY, 12983

Average square foot calculated using Size range provided by listing agent.

Description

Rare multi-unit investment opportunity featuring two separate buildings on one property. 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.
MLS® Number206606
Laundry LevelElectric Dryer Hookup, Washer Hookup
Central VacNo
FireplaceNo
Acreage0.18
Exterior
GarageNo
Approx. Age1920
BasementApartment, Finished
Driveway
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 21, 2026List Date
$459,900List Price
  • Commute

Commute

Starting Address
Destination Address
223+225 Neil St, Saranac Lake, NY

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