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171 Elm Street, Lake Placid, NY 12946

$795,000
Property Type: Residential Bedrooms: 5 Baths: 4 Square Footage: 3,600 Lot Size (sq. ft.): 10,890 Status: Pending
Current Price: $795,000 List Date: 2/02/2026 Last Modified: 4/15/2026

Description

An exceptional real estate investment opportunity of a 4-family home. Includes a two-bedroom apt., a one-bedroom apt., a studio apt and a separate resort quality one-bedroom cottage. $4,600 current monthly rental income. The property has been completely renovated inside and out, including new kitchens, bathrooms and flooring. Ideally located within walking distance to the Olympic Village and restaurants. Potential to operate as a Hosted short term rental property which would require an approved permit. 48-hour notice required for all showings.

More Information MLS# 206512

Contract Information

Short Term Rental Options: Property is available to rent STR with local restrictions and permitting Current Price: $795,000 Original List Price: 795000 List Price: $795,000 Status: Pending Listing Contract Date: 2026-02-02 Property Sub Type: Single Family Residence Listing Agreement: Exclusive Right To Sell Occupant Type: Tenant

Location, Tax, and Legal

Tax Annual Amount: 8065.1 Tax Assessed Value: 654900 Land Tax Annual Amount: 2441.52 APA: Hamlet Deed Date: 2016-04-20

General Property Information

Seasonal Property YN: No Main Level Bedrooms: 2 Main Level Bathrooms: 2 Below Grade Unfinished Area: 0 Lot Size Dimensions: .25 Lease Term: 12 Months Stories Total: 3 Fireplace YN: Yes Bedrooms Total: 5 Bathrooms Total: 4 Bathrooms Full: 4 Above Grade Finished Area: 3600 Building Area Total: 3600 Living Area: 3600 Year Built: 1940 Garage YN: 1 Attached Garage YN: 1 Garage Spaces: 1 Open Parking YN: 1 Open Parking Spaces: 5 Parking Total: 5 Lot Size Acres: 0.25 Water Body Name: None Sign On Property YN: 1

Status Change Information

Status Change Timestamp: 2026-04-15 Major Change Timestamp: 2026-04-15T12:45:28Z Major Change Type: Status Change Under Contract Date: 2026-04-15

Appliances

Dishwasher: 1 Dryer: 1 Electric Cooktop: 1 Electric Oven: 1 Microwave: 1 Refrigerator: 1 Washer: 1

Architectural Style

Adirondack: 1 Colonial: 1

Basement

Full: 1 Unfinished: 1

Construction Materials

Wood Siding: 1

Cooling

None: 1

Deed Details

Instrument: deed Page: 305 Volume: 1479

Documents Available

Deed: 1 Lead Paint: 1 Leases: 1 Property Condition: 1

Electric

200+ Amp Service: 1

Exterior Features

Lighting: 1

Financial Details

School Taxes: 2813.61 Village Taxes: 2392.22

Fireplace Features

Living Room: 1 Fireplaces Total: 1

Foundation Details

Poured: 1

Heating

Tank Location: Above Ground Baseboard: 1 Electric: 1

Levels

Three Or More: 1

Listing Terms

Cash: 1

Lot Features

Few Trees: 1 Landscaped: 1 Many Trees: 1

Parking Features

Deck: 1 Driveway: 1 No Garage: 1 Paved: 1

Road Frontage Type

Public: 1

Road Surface Type

Paved: 1

Roof

Metal: 1

Security Features

Carbon Monoxide Detector(s): 1 Smoke Detector(s): 1

Special Listing Conditions

Standard: 1

Utilities

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

View

Neighborhood: 1

Window Features

Insulated Windows: 1

Showing Requirements

Appointment Only: 1 Call Listing Agent: 1

Room Types

Bedroom 2: 1 Bedroom 2 Level: Second Bedroom 3: 1 Bedroom 3 Level: Second Dining Room: 1 Dining Room Level: First Kitchen: 1 Kitchen Level: First Living Room: 1 Living Room Level: First Other Room: 1 Other Room Level: First Primary Bathroom: 1 Primary Bathroom Level: First Primary Bedroom: 1 Primary Bedroom Level: First

Location Tax and Legal

Street Number: 171 Street Name: Elm Street Suffix: Street County: Essex State: NY Postal Code: 12946 Subdivision Name: None MLS Area Major: Lake Placid School District: Lake Placid Parcel Number: 42.157-3-10.000 Zoning: Residential Directions: Wes Valley to Elm Street, to corner home

Property Features

Appliances: Dishwasher; Dryer; Electric Cooktop; Electric Oven; Microwave; Refrigerator; Washer Architectural Style: Adirondack; Colonial Basement: Full; Unfinished Construction Materials: Wood Siding Cooling: None Documents Available: Deed; Lead Paint; Leases; Property Condition Electric: 200+ Amp Service Exterior Features: Lighting Fireplace Features: Living Room Foundation Details: Poured Heating: Baseboard; Electric Levels: Three Or More Listing Terms: Cash Lot Features: Few Trees; Landscaped; Many Trees Parking Features: Deck; Driveway; No Garage; Paved Road Frontage Type: Public Road Surface Type: Paved Roof: Metal Security Features: Carbon Monoxide Detector(s); Smoke Detector(s) Special Listing Conditions: Standard Utilities: Cable Available; Internet Available; Sewer Connected; Water Connected View: Neighborhood Window Features: Insulated Windows Showing Requirements: Appointment Only; Call Listing Agent Room Types: Bedroom 2; Bedroom 3; Dining Room; Kitchen; Living Room; Other Room; Primary Bathroom; Primary Bedroom

Room Information

Other Room Level: First Length: 5.00 Length: 5.00 Width: 12.00 Width: 12.00 Dimensions: 5 x 12 Primary Bedroom Level: First Length: 13.00 Length: 13.00 Width: 11.00 Width: 11.00 Dimensions: 13 x 11 Living Room Level: First Length: 13.00 Length: 13.00 Width: 14.50 Width: 14.50 Dimensions: 13 x 14.5 Primary Bathroom Level: First Length: 4.00 Length: 4.00 Width: 5.50 Width: 5.50 Dimensions: 4 x 5.5 Dining Room Level: First Length: 11.50 Length: 11.50 Width: 14.00 Width: 14.00 Dimensions: 11.5 x 14 Bedroom 2 Level: Second Length: 11.00 Length: 11.00 Width: 11.00 Width: 11.00 Dimensions: 11 x 11 Kitchen Level: First Length: 11.50 Length: 11.50 Width: 12.50 Width: 12.50 Dimensions: 11.5 x 12.5 Bedroom 3 Level: Second Length: 11.00 Length: 11.00 Width: 13.00 Width: 13.00 Dimensions: 11 x 13
Listing Courtesy of Adirondack Premier Properties Berkshire Hathaway HomeService
IDX
Information deemed reliable but not guaranteed.