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163 Parkside Drive, Lake Placid, NY 12946

$665,000
Property Type: Residential Income Square Footage: 3,393 Lot Size (sq. ft.): 17,424 Status: Closed
Current Price: $665,000 List Date: 8/23/2025 Last Modified: 12/02/2025

Description

One 3 unit apartment house and adjacent 3 bedroom, 2 bath rental house located on Parkside Drive in Lake Placid within short walking distance of the Main St. Business Corridor, Schools and the Olympic Center. This listing includes an additional .30 acre building lot (parcel # 42.208-1-2.000) with 2 storage sheds and parking area off Morningside Drive. The property is being sold ''AS IS'' and includes 3 apartments in the front building and a separate large 3 bedroom 2 bath house in the rear. One apartment is vacant and requires renovation. The rear house currently rents as a short vacation rental. Two apartments are rented on a month to month basis. Great distant mountain views from the property. Excellent investment opportunity!

More Information MLS# 205583

Contract Information

Short Term Rental Options: Property is available to rent STR with local restrictions and permitting Current Price: $665,000 Original List Price: 695000 Sold Price: $665,000 Status: Closed Listing Contract Date: 2025-08-23 Property Sub Type: Apartment Listing Agreement: Exclusive Right To Sell

Location, Tax, and Legal

Tax Annual Amount: 4694.26 Tax Assessed Value: 360600 Land Tax Annual Amount: 1304.46 Deed Date: 2025-01-31

General Property Information

Number Of Buildings: 2 Stories Total: 2 Number of Units: 4 Building Area Total: 3393 Year Built: 1920 Open Parking YN: 1 Lot Size Acres: 0.4 Sign On Property YN: 1

Status Change Information

Status Change Timestamp: 2025-12-02 Concessions: No Buyer Financing: Conventional Major Change Timestamp: 2025-12-02T14:39:38Z Major Change Type: Status Change Under Contract Date: 2025-09-15 Close Date: 2025-12-01 Close Price: 665000

Appliances

Free-Standing Electric Range: 1 Gas Water Heater: 1 Refrigerator: 1 Washer/Dryer: 1 Water Heater: 1

Architectural Style

Old Style: 1

Basement

Concrete: 1 Crawl Space: 1 Interior Entry: 1 Partial: 1 Unfinished: 1

Cooling

None: 1

Deed Details

Instrument: deed Page: 199 Volume: 2192

Documents Available

Deed: 1 Lead Paint: 1 Property Condition: 1

Electric

200+ Amp Service: 1

Exterior Features

Private Yard: 1

Financial Details

School Taxes: 1850.21 School Taxes Description: Actual Village Taxes: 1539.59 Village Taxes Description: Actual

Flooring

Carpet: 1 Vinyl: 1 Wood: 1

Foundation Details

Concrete Perimeter: 1 Stone: 1

Heating

Baseboard: 1 Electric: 1

Laundry Features

In Kitchen: 1 Laundry Closet: 1

Levels

Two: 1

Listing Terms

1031 Exchange: 1 Cash: 1 Conventional: 1

Other Structures

Shed(s): 1 Storage: 1

Parking Features

Additional Parking: 1 Driveway: 1 Off Street: 1

Patio And Porch Features

Covered: 1 Front Porch: 1 Rear Porch: 1 Side Porch: 1

Road Frontage Type

City Street: 1 Public: 1

Road Surface Type

Paved: 1

Roof

Shingle: 1

Security Features

Smoke Detector(s): 1

Sewer

Public Sewer: 1

Structure Type

Front & Back: 1 Multi Family: 1 Multiple Buildings: 1

Utilities

Cable Available: 1 Electricity Connected: 1 Internet Available: 1 Sewer Connected: 1 Water Connected: 1 Propane: 1

View

Mountain(s): 1

Water Source

Public: 1

Window Features

Double Pane Windows: 1

Owner Pays

Gas: 1 Grounds Care: 1 Hot Water: 1 Sewer: 1 Snow Removal: 1 Water: 1

Tenant Pays

Cable TV: 1 Electricity: 1

Unit One

Unit #: 1 Bathrooms Full: 1 Beds Total: 2 Leased: No Range: 1 Refrigerator: 1 Total SqFt: 638

Unit Two

Unit #: 2 Actual Rent: 1400 Bathrooms Full: 1 Beds Total: 2 Leased: Yes Range: 1 Refrigerator: 1 Total SqFt: 640

Unit Three

Unit #: 3 Actual Rent: 1040 Bathrooms Full: 1 Beds Total: 1 Leased: Yes Range: 1 Refrigerator: 1 Total SqFt: 475

Unit Four

Unit #: 4 Actual Rent: 30000 Bathrooms Full: 2 Beds Total: 3 Leased: No Range: 1 Refrigerator: 1 Total SqFt: 1096

Showing Requirements

24 Hour Notice: 1 Appointment Only: 1 Call Listing Agent: 1 Occupied: 1 Text Listing Agent: 1

Location Tax and Legal

Street Number: 163 Street Name: Parkside Street Suffix: Drive County: Essex State: NY Postal Code: 12946 MLS Area Major: Lake Placid Township: N Elba School District: Lake Placid Parcel Number: 42.207-7-15.000 Zoning: Residential Directions: From Main St. at LP Town Hall turn onto Mirror Lake Drive then make next right onto Parkside Drive. Continue to 163 Parkside Drive on left near the end of the road.

Meter Information

Number Of Separate Electric Meters: 4

Unit Details

Number Of Units Leased: 2

Property Features

Appliances: Free-Standing Electric Range; Gas Water Heater; Refrigerator; Washer/Dryer; Water Heater Architectural Style: Old Style Basement: Concrete; Crawl Space; Interior Entry; Partial; Unfinished Cooling: None Documents Available: Deed; Lead Paint; Property Condition Electric: 200+ Amp Service Exterior Features: Private Yard Flooring: Carpet; Vinyl; Wood Foundation Details: Concrete Perimeter; Stone Heating: Baseboard; Electric Laundry Features: In Kitchen; Laundry Closet Levels: Two Listing Terms: 1031 Exchange; Cash; Conventional Other Structures: Shed(s); Storage Owner Pays: Gas; Grounds Care; Hot Water; Sewer; Snow Removal; Water Parking Features: Additional Parking; Driveway; Off Street Patio And Porch Features: Covered; Front Porch; Rear Porch; Side Porch Road Frontage Type: City Street; Public Road Surface Type: Paved Roof: Shingle Security Features: Smoke Detector(s) Sewer: Public Sewer Structure Type: Front & Back; Multi Family; Multiple Buildings Tenant Pays: Cable TV; Electricity Utilities: Cable Available; Electricity Connected; Internet Available; Sewer Connected; Water Connected; Propane View: Mountain(s) Water Source: Public Window Features: Double Pane Windows Unit One: Range; Refrigerator Unit Two: Range; Refrigerator Unit Three: Range; Refrigerator Unit Four: Range; Refrigerator Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent; Occupied; Text Listing Agent
Listing Courtesy of Adirondack Premier Properties Berkshire Hathaway HomeService
IDX
Information deemed reliable but not guaranteed.