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223 225 Neil Street, Saranac Lake, NY 12983

New Listing
$399,999
Property Type: Residential Income Square Footage: 3,687 Lot Size (sq. ft.): 7,841 Status: Active
Current Price: $399,999 List Date: 9/25/2026 Last Modified: 9/25/2026

Description

Excellent Multi-Family Investment Opportunity Well-maintained multi-family property featuring a separate one-unit home, offering an excellent opportunity for investors or owner-occupants seeking strong rental income and long-term stability. The property offers a desirable mix of 1-, 2-, and 3-bedroom units, providing flexibility for a variety of tenants. The units have been well cared for and feature beautiful hardwood floors, generous natural sunlight, and comfortable living spaces. With a history of strong rental income and stable, long-term occupancy, this property offers an attractive combination of income potential and dependable performance. The location is another standout feature. Conveniently situated close to schools and downtown, while also being centrally located near parks, recreation, shopping, dining, and other community amenities, making it appealing to both current and prospective tenants. Whether you're looking to expand your investment portfolio or seeking a property with multiple income-producing opportunities, this well-maintained multi-family property deserves a closer look. A great location, diverse unit mix, separate one-unit home, and established rental history make this a compelling investment opportunity.

More Information MLS# 208476

Contract Information

Short Term Rental Options: Property is available to rent STR with local restrictions and permitting Current Price: $399,999 Original List Price: 399999 List Price: $399,999 Status: Active Listing Contract Date: 2026-09-25 Property Sub Type: Apartment Listing Agreement: Exclusive Right To Sell

Location, Tax, and Legal

Tax Annual Amount: 8078 Tax Assessed Value: 266168 Land Tax Annual Amount: 1213.92 Deed Date: 2005-05-18

General Property Information

Number Of Buildings: 2 Number of Units: 4 Building Area Total: 3687 Year Built: 1920 Open Parking YN: 1 Open Parking Spaces: 6 Parking Total: 6 Lot Size Acres: 0.18

Status Change Information

Status Change Timestamp: 2026-09-25 Major Change Timestamp: 2026-09-25T16:13:40Z Major Change Type: New Listing

Appliances

Free-Standing Electric Oven: 1 Free-Standing Electric Range: 1

Basement

Apartment: 1 Finished: 1

Construction Materials

Frame: 1

Deed Details

Instrument: deed Page: 325 Volume: 882

Documents Available

Deed: 1 Lead Paint: 1 Property Condition: 1

Electric

100 Amp Service: 1 200+ Amp Service: 1

Exterior Features

Balcony: 1 Private Entrance: 1

Financial Details

School Taxes: 1964.07 School Taxes Description: Actual Village Taxes: 4900.01 Village Taxes Description: Actual

Foundation Details

Stone: 1

Heating

Baseboard: 1 Hot Water: 1 Oil: 1

Interior Features

Apartment: 1

Laundry Features

Electric Dryer Hookup: 1 Laundry Closet: 1 Washer Hookup: 1

Listing Terms

Cash: 1 Conventional: 1

Other Equipment

Fuel Tank(s): 1

Parking Features

Off Street: 1 Open: 1

Patio And Porch Features

Deck: 1 Rear Porch: 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

Sewer

Public Sewer: 1

Structure Type

Multi Family: 1 Quadruplex: 1

Water Source

Public: 1

Tenant Pays

Electricity: 1

Unit One

Unit #: 1 Actual Rent: 1500 Bathrooms Full: 1 Bathrooms Half: 1 Beds Total: 3 Leased: Yes Range: 1 Refrigerator: 1 Total SqFt: 1700

Unit Two

Unit #: 2 Actual Rent: 1200 Bathrooms Full: 1 Beds Total: 3 Leased: Yes Range: 1 Refrigerator: 1 Total SqFt: 774

Unit Three

Unit #: 3 Actual Rent: 950 Bathrooms Full: 1 Beds Total: 2 Leased: Yes Range: 1 Refrigerator: 1 Total SqFt: 741

Unit Four

Unit #: 4 Actual Rent: 650 Bathrooms Full: 1 Beds Total: 1 Leased: Yes Range: 1 Refrigerator: 1 Total SqFt: 472

Location Tax and Legal

Street Number: 223 225 Street Name: Neil Street Suffix: Street County: Franklin State: NY Postal Code: 12983 MLS Area Major: Saranac Lake, Raybrook Township: Harrietstown School District: Saranac Lake Parcel Number: 446.76-6-9 Zoning: Mixed Directions: In Saranac Lake turn up Olive hill by the post office. At the top of the hill turn right onto William St. At the first intersection turn right onto Neil St.; the driveway is immediately on your left.

Meter Information

Number Of Separate Electric Meters: 4

Unit Details

Number Of Units Leased: 4

Property Features

Appliances: Free-Standing Electric Oven; Free-Standing Electric Range Basement: Apartment; Finished Construction Materials: Frame Documents Available: Deed; Lead Paint; Property Condition Electric: 100 Amp Service; 200+ Amp Service Exterior Features: Balcony; Private Entrance Foundation Details: Stone Heating: Baseboard; Hot Water; Oil Interior Features: Apartment Laundry Features: Electric Dryer Hookup; Laundry Closet; Washer Hookup Listing Terms: Cash; Conventional Other Equipment: Fuel Tank(s) Parking Features: Off Street; Open Patio And Porch Features: Deck; Rear Porch Road Frontage Type: Public Road Surface Type: Paved Roof: Metal Security Features: Carbon Monoxide Detector(s); Smoke Detector(s) Sewer: Public Sewer Structure Type: Multi Family; Quadruplex Tenant Pays: Electricity Water Source: Public Unit One: Range; Refrigerator Unit Two: Range; Refrigerator Unit Three: Range; Refrigerator Unit Four: Range; Refrigerator
Listing Courtesy of Berkshire Hathaway HomeServices Adirondack Premier Properties
IDX
Information deemed reliable but not guaranteed.