$499,950

101 Margaret Street, Saranac Lake, NY 12983

  • 2,673 sqft
  • Property Icon Triplex
  • Property Year Built Icon Built in 1907
  • Property Lot Size Icon5,663sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $187/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Proud to present this beautifully updated 3-unit rental property in immaculate, truly turnkey condition. Every unit has been thoughtfully renovated with modern finishes, stylish kitchens and baths, updated flooring, fresh paint, and quality fixtures throughout. The result is a clean, bright, and welcoming space tenants love -- and an investment you can feel confident about. This property offers: 1. Three well-maintained, income-producing units 2. Strong rental income of 72k+ per year gross in a high-demand area 3. Low-maintenance updates already completed 4. Excellent opportunity for income or affordable owner-occupants Located in the heart of Saranac Lake, you're just minutes from local shops, restaurants, outdoor recreation, and all the charm this Adirondack community is known for. Whether you're looking to expand your portfolio or live in one unit while generating income from the others, this property checks all the boxes.

Listing Status:
Pending
Date Added:
February 18, 2026
Data Last Updated:
April 5, 2026 at 9:40PM
Listing Office:
Bob Miller Real Estate : 518-524-0383
Listing Agent:
Francis (Bob) Miller : 518-524-0383
MLS ID:
206594
  • Appliances: CooktopOvenRefrigeratorWasher/Dryer
  • Laundry: In Basement
  • Basement: Full
  • Flooring: Ceramic TileHardwood
  • A/C: Heat Pump
  • Heating: ElectricHot WaterOil
  • General: Private EntranceSmart Lock(s)
  • Style: Old Style
  • Pool: None
  • Parking: OpenParking spaces: 3
  • Roofing: Metal
  • General: Tri-Level
  • Road/Access: Public
  • Originating MLS: Adirondack-Champlain Valley MLS
  • School District: Saranac Lake
  • County: Franklin
  • Zoning: 447.61-10-10
  • View: Neighborhood
  • Fencing: None
  • Utilities: Electricity ConnectedSewer ConnectedWater ConnectedInternet Connected200+ Amp Service
  • Water: Public
  • Sewer: Public Sewer
  • Source: Adirondack-Champlain Valley MLS

This listing courtesy of Francis (Bob) Miller , Bob Miller Real Estate

Monthly Payment

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

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Location

Schools Nearby

P

Petrova Elementary School

79 Canaras Ave, Saranac Lake, NY, 12983

Grades KG-5

0.51 miles away

S

Saranac Lake Middle School

79 Canaras Ave, Saranac Lake, NY, 12983

Grades 6-8

0.51 miles away

S

Saranac Lake High School

79 Canaras Ave, Saranac Lake, NY, 12983

Grades 9-12

0.61 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.