317 Lake Flower Avenue, Saranac Lake, NY 12983
Local realty services provided by:CENTURY 21 TheOne
317 Lake Flower Avenue,Saranac Lake, NY 12983
$649,000
- - Beds
- - Baths
- 3,599 sq. ft.
- Multi-family
- Active
Listed by: matthew ellis
Office: coldwell banker whitbeck assoc tupper lake
MLS#:208429
Source:NY_ACVMLS
Price summary
- Price:$649,000
- Price per sq. ft.:$180.33
About this home
Here is a unique opportunity to own a four-unit apartment house with 143 feet of waterfront on beautiful Lake Flower in Saranac Lake. This distinctive Victorian-style property offers an unusual combination of multifamily income and private waterfront ownership, with the home positioned on a small hill overlooking the lake.
The property features a two-bedroom apartment occupying the entire third floor and a two-bedroom apartment encompassing the entire second floor. The first floor includes two separate one-bedroom apartments, each with its own private entrance. All apartments offer front and rear entrances. The first floor also provides flexibility for future reconfiguration, with the potential to create three one-bedroom apartments or one expansive three-bedroom apartment, subject to approvals.
Additional features include a newer roof, abundant storage throughout the basement, five parking spaces in front and five in the rear, and a dock on Lake Flower. With appropriate approvals, there may be potential for multiple docks and boat-slip rentals, creating an additional income opportunity. Heat is included in rent for all tenants. Tenants pay their own electric. House has been completely re-wired and there are separate panels for each apartment in the basement.
Live in one apartment while the rental income from the others helps offset ownership expenses, or maximize the property's investment potential. Located less than a quarter-mile from the Adirondack Rail Trail and approximately a 10-minute walk to downtown Saranac Lake, the property is close to restaurants, shops, galleries, entertainment, and the new Pendragon Theatre. Enjoy easy access to boating, hiking, biking, paddling, skiing, snowmobiling, and the many four-season recreational opportunities that make Saranac Lake a thriving Adirondack destination....
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Home facts
- Year built:1940
- Listing ID #:208429
- Added:33 day(s) ago
- Updated:October 21, 2026 at 11:10 AM
Rooms and interior
- Living area:3,599 sq. ft.
Structure and exterior
- Year built:1940
- Building area:3,599 sq. ft.
- Lot area:0.5 Acres
Finances and disclosures
- Price:$649,000
- Price per sq. ft.:$180.33
- Tax amount:$8,998
Parking
- Total parking spaces:10
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