$795,000

171 Elm Street, Lake Placid, NY 12946

  • 5 beds |
  • 4 baths |
  • 3,600 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1940
  • Property Lot Size Icon0.25acre lot
  • Property Parking Icon 1 car garage
  • Property Price Per Square Feet Icon $221/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

An exceptional real estate investment opportunity of a 4-family home. Includes a two-bedroom apt., a one-bedroom apt., a studio apt and a separate resort quality one-bedroom cottage. $4,600 current monthly rental income. The property has been completely renovated inside and out, including new kitchens, bathrooms and flooring. Ideally located within walking distance to the Olympic Village and restaurants. Potential to operate as a Hosted short term rental property which would require an approved permit. 48-hour notice required for all showings.

Listing Status:
Active
Date Added:
February 2, 2026
Data Last Updated:
April 5, 2026 at 4:38AM
Listing Office:
Adirondack Premier Properties Berkshire Hathaway HomeService : 518-523-3333
Listing Agent:
Mark Adler : 518-524-4672
MLS ID:
206512
  • Appliances: DryerDishwasherElectric CooktopElectric OvenMicrowaveRefrigeratorWasher
  • Basement: FullUnfinished
  • A/C: None
  • Heating: BaseboardElectric
  • Fireplace: Living RoomFireplaceFireplaces: 1
  • General: Lighting
  • Style: AdirondackColonial
  • Parking: DeckDrivewayNo GaragePavedParking spaces: 5
  • Roofing: Metal
  • Windows: Insulated Windows
  • General: Three Or MorePoured
  • Road/Access: Public
  • Originating MLS: Adirondack-Champlain Valley MLS
  • School District: Lake Placid
  • County: Essex
  • Zoning: Residential42.157-3-10.000
  • View: Neighborhood
  • Utilities: Cable AvailableSewer ConnectedWater ConnectedInternet Available200+ Amp Service
  • Source: Adirondack-Champlain Valley MLS

This listing courtesy of Mark Adler , Adirondack Premier Properties Berkshire Hathaway HomeService

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

L

Lake Placid Elementary School

318 Old Military Rd, Lake Placid, NY, 12946

Grades KG-5

1.23 miles away

L

Lake Placid Junior-Senior High School

34 School St, Lake Placid, NY, 12946

Grades 6-12

0.58 miles away

L

Lake Placid Junior-Senior High School

34 School St, Lake Placid, NY, 12946

Grades 6-12

0.58 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.