Property Type:
Commercial Sale
Square Footage:
7,326
Lot Size (sq. ft.):
13,068
Status:
Closed
Current Price:
$630,000
List Date:
12/24/2025
Last Modified:
6/01/2026
Description
Exceptional opportunity to acquire a high-performing 9-unit multi-family portfolio in the heart of AuSable Forks. This package consists of two well-maintained, neighboring buildings being sold together, offering immediate scale and a gross monthly income of $8,925.
Highlights:
Diverse Unit Mix: (1) 3BR unit, (3) 2BR units, (4) 1BR units, and (1) Studio.
Low Owner Expenses: Units are separately metered for utilities, protecting your margins.
Strategic Location: Situated 20 minutes from Whiteface Ski Resort and 30 minutes from Lake Placid and Plattsburgh—prime for workforce or recreational housing.
Turnkey Operations: Ample off-street parking and a high-occupancy history.
The property is within walking distance to local amenities, including coffee shops, bars, and restaurants, ensuring high tenant retention. With a strong day-one cap rate and a location central to the Adirondack High Peaks region, this is an ideal addition for the sophisticated commercial investor.
