$380,000

5732&5734 NYS Route 86, Wilmington, NY 12997

  • 3,104 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1935
  • Property Lot Size Icon1.01acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $122/sqft
  • Property List Date Icon Listed 3 months ago

Property Description

Unlock the ultimate Adirondack investment at 5732-5734 NYS Rte 86. Boasting approximately 150 feet of pristine Ausable River frontage, this 5-unit complex is a powerhouse for recreation-based income. Located just 5 minutes from Whiteface Mountain Ski Resort and 15 minutes from Lake Placid, this is a premier location for a boutique lodge or a high-performing Short-Term Rental (STR) conversion. Investment Highlights: Unrivaled Location: World-class fly fishing in the backyard and Olympic-grade skiing down the road. Diverse Asset Mix: Includes four efficient units plus a detached single-family home, perfect for an on-site manager or premium vacation rental. Separately Metered: Utilities are independent per unit, optimizing operational overhead. Income: Currently generating $4,525/month with significant upside potential in the seasonal hospitality market. For the investor looking to capitalize on the Adirondack tourism boom, this riverfront property offers the rare combination of high-demand location and versatile development potential.

Listing Status:
Active
Date Added:
December 24, 2025
Data Last Updated:
April 4, 2026 at 9:37PM
Listing Office:
Coldwell Banker Whitbeck Assoc-Saranac Lake : 518-418-2222
Listing Agent:
Jack Newberry : 518-380-1423
MLS ID:
206376
  • General: Apartment
  • Appliances: Electric CooktopElectric OvenRefrigerator
  • Basement: FullPartially FinishedStorage SpaceUnfinishedWalk-Out Access
  • Flooring: CarpetLaminateLuxury VinylVariesWood
  • Heating: ElectricPropane
  • General: Awning(s)BalconyDockGardenPrivate Yard
  • Parking: Off StreetOn SitePrivateParking spaces: 10
  • Roofing: AsphaltShingle
  • Road/Access: State Road
  • Originating MLS: Adirondack-Champlain Valley MLS
  • School District: Lake Placid
  • County: Essex
  • Zoning: Mixed26.6-5-12.000
  • View: River
  • Utilities: Electricity ConnectedPropaneWater Connected
  • Water: Public
  • Sewer: Septic Tank
  • Source: Adirondack-Champlain Valley MLS

This listing courtesy of Jack Newberry , Coldwell Banker Whitbeck Assoc-Saranac Lake

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

11.85 miles away

L

Lake Placid Junior-Senior High School

34 School St, Lake Placid, NY, 12946

Grades 6-12

11.07 miles away

L

Lake Placid Junior-Senior High School

34 School St, Lake Placid, NY, 12946

Grades 6-12

11.07 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.

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5732&5734 NYS Route 86, Wilmington, NY 12997
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$380,000

  • 3,569 sqft |
  • 1.01 acre lot
5732&5734 NYS Route 86 Wilmington, NY 12997

#206377 - Coldwell Banker Whitbeck Assoc-Saranac Lake