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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 with long term tenants Perfect setup for owner occupied main building and rental building to supplement mortgage.

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Home facts

  • Year built:1920
  • Listing ID #:206606
  • Added:54 day(s) ago
  • Updated:April 16, 2026 at 10:59 AM

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

Parking

  • Total parking spaces:6

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