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39 Shepard Avenue, Saranac Lake, NY 12983

Saranac Lake
Local realty services provided by:CENTURY 21 TheOne
39 Shepard Avenue,Saranac Lake, NY 12983
$349,900
  • - Beds
  • - Baths
  • 2,730 sq. ft.
  • Multi-family
  • Active
Listed by: matthew szeliga
Office: mountain run realty
MLS#:207156
Source:NY_ACVMLS

Price summary

  • Price:$349,900
  • Price per sq. ft.:$128.17

About this home

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...

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Home facts

  • Year built:1920
  • Listing ID #:207156
  • Added:24 day(s) ago
  • Updated:June 03, 2026 at 10:49 AM

Rooms and interior

  • Living area:2,730 sq. ft.

Structure and exterior

  • Year built:1920
  • Building area:2,730 sq. ft.

Finances and disclosures

  • Price:$349,900
  • Price per sq. ft.:$128.17
  • Tax amount:$5,439

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