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Listed price in listed location currency (USD).
$349,900

005

MLS® 207156

  • Key Facts
  • Description
  • Map

Key Facts

Type Triplex
Levels Residential Income
Size -
Garage 
Taxes $5,439
Days Active 1
Lot Size 
Approx. Age 1920
MLS® Number 207156

Property Address: 39 Shepard Ave, Saranac Lake, NY, 12983-2014

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

Description

Prime Income-Producing Triplex in the Heart of Saranac Lake - Live in One, Rent the Rest! Discover an outstanding investment opportunity in the desirable village of Saranac Lake, nestled in New York's stunning Adirondack Mountains. This well-maintained three-unit property features two spacious 2-bedroom apartments and one generous 3-bedroom apartment, offering excellent flexibility for owner-occupants or pure investors. Live mortgage-free (or nearly so) by occupying one unit while the other two generate strong rental income. Whether you're looking for a turnkey cash-flowing investment, a house hack, or long-term appreciation in a growing market, this triplex delivers multiple paths to success. The units have all been thoughtfully renovated since 2017, providing modern, attractive living spaces that appeal to quality tenants and support higher rents in this tight rental market. Recent major upgrades are a new roof installed in 2024. The exterior was painted in 2025. Saranac Lake offers a rare blend of small-town charm, vibrant downtown culture, and endless outdoor recreation. Residents and tenants enjoy easy access to hiking, paddling on the Saranac Chain of Lakes, the Adirondack Rail Trail, arts festivals, local shops, restaurants, and the year-round appeal of the High Peaks region (just minutes from Lake Placid). Strong demand for both long-term rentals and short-term stays makes this a versatile asset in a location known for its natural beauty and quality of life. Don't miss this chance to own a solid, income-generating multifamily property with recent updates in one of the Adirondacks' most appealing villages. Schedule a showing today and explore the potential for immediate income and long-term growth!
MLS® Number207156
Laundry LevelEnsuite
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1920
BasementApartment, Walk-Out Access
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 9, 2026List Date
$349,900List Price
  • Commute

Commute

Starting Address
Destination Address
39 Shepard Ave, Saranac Lake, NY

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