$459,900

223+225 Neil Street, Saranac Lake, NY 12983

  • 3,687 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1920
  • Property Lot Size Icon7,841sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $125/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

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.

Listing Status:
Active
Date Added:
February 21, 2026
Data Last Updated:
April 5, 2026 at 8:39PM
Listing Office:
Mason Realty Team : 914-772-3949
Listing Agent:
Stephanie Mason : 914-772-3949
MLS ID:
206606
  • General: Apartment
  • Appliances: Free-Standing Electric OvenFree-Standing Electric Range
  • Laundry: Laundry ClosetElectric Dryer HookupWasher Hookup
  • Basement: ApartmentFinished
  • Heating: BaseboardHot WaterOil
  • General: BalconyPrivate Entrance
  • Style: A-Frame
  • Parking: OpenOff StreetParking spaces: 6
  • Roofing: Metal
  • Originating MLS: Adirondack-Champlain Valley MLS
  • School District: Saranac Lake
  • County: Franklin
  • Zoning: Mixed446.76-6-9
  • Utilities: 100 Amp Service200+ Amp Service
  • Water: Public
  • Sewer: Public Sewer
  • Source: Adirondack-Champlain Valley MLS

This listing courtesy of Stephanie Mason , Mason Realty Team

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

0.28 miles away

S

Saranac Lake Middle School

79 Canaras Ave, Saranac Lake, NY, 12983

Grades 6-8

0.28 miles away

S

Saranac Lake High School

79 Canaras Ave, Saranac Lake, NY, 12983

Grades 9-12

0.43 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.