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223+225 Neil Street, Saranac Lake, NY 12983

Saranac Lake
Local realty services provided by:CENTURY 21 TheOne
223+225 Neil Street,Saranac Lake, NY 12983
$459,900
  • - Beds
  • - Baths
  • 3,687 sq. ft.
  • Multi-family
  • Active
Listed by: stephanie mason
Office: mason realty team
MLS#:206606
Source:NY_ACVMLS

Price summary

  • Price:$459,900
  • Price per sq. ft.:$124.74

About this home

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.

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Home facts

  • Year built:1920
  • Listing ID #:206606
  • Added:5 day(s) ago
  • Updated:February 24, 2026 at 01:57 PM

Rooms and interior

  • Living area:3,687 sq. ft.

Structure and exterior

  • Year built:1920
  • Building area:3,687 sq. ft.
  • Lot area:0.18 Acres

Finances and disclosures

  • Price:$459,900
  • Price per sq. ft.:$124.74
  • Tax amount:$8,227

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