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2807 Wilmington Road, Lake Placid, NY 12946

$815,000
Property Type: Residential Income Square Footage: 2,454 Lot Size (sq. ft.): 8,712 Status: Pending
Current Price: $815,000 List Date: 3/05/2026 Last Modified: 5/18/2026

Description

Rustic style meets modern charm in this beautifully renovated vacation rental property. Comprised of four units with private entrances, this property is located in a prime location just a short, convenient stroll from downtown Lake Placid. Situated within the Gateway Corridor and by possessing the necessary permits, this property offers excellent income and strong rental history. This multi unit is made up of a two bedroom unit, three one bedroom units and a common area laundry room with 2 sets of machines. This property has been thoughtfully upgraded inside and out and includes great amenities for guests such as retractable awnings, private outdoor lounging, and an EV charge station. These units generate $100,000 in revenue a year. Furnishings are negotiable allowing this to be a turn key operation for the next owner.

More Information MLS# 206660

Contract Information

Short Term Rental Options: Property is available to rent STR with local restrictions and permitting Current Price: $815,000 Original List Price: 815000 List Price: $815,000 Status: Pending Listing Contract Date: 2026-03-05 Property Sub Type: Quadruplex Listing Agreement: Exclusive Right To Sell

Location, Tax, and Legal

Tax Annual Amount: 4720.03 Tax Assessed Value: 364200 Land Tax Annual Amount: 1311.63 Deed Date: 2024-04-18

General Property Information

Number Of Buildings: 1 Main Level Bedrooms: 3 Main Level Bathrooms: 3 Senior Community YN: No Stories Total: 2 Fireplace YN: No Number of Units: 4 Building Area Total: 2454 Year Built: 1945 Open Parking YN: 1 Open Parking Spaces: 6 Lot Size Acres: 0.2

Status Change Information

Status Change Timestamp: 2026-05-18 Major Change Timestamp: 2026-05-18T14:02:05Z Major Change Type: Status Change Under Contract Date: 2026-05-08

Appliances

Electric Range: 1 Exhaust Fan: 1 Free-Standing Refrigerator: 1 Microwave: 1

Architectural Style

Old Style: 1

Basement

Block: 1 Dirt Floor: 1

Common Walls

2+ Common Walls: 1

Construction Materials

Aluminum Siding: 1 Metal Siding: 1

Cooling

Window Unit(s): 1

Deed Details

Instrument: deed Page: 319 Volume: 2160

Documents Available

Deed: 1 Lead Paint: 1 Property Condition: 1

Door Features

Sliding Doors: 1

Electric

200+ Amp Service: 1

Exemptions

No Exemptions: 1

Exterior Features

Awning(s): 1 Barbecue: 1 Lighting: 1 Private Entrance: 1 Smart Lock(s): 1

Fencing

None: 1

Financial Details

School Taxes: 1849.57 School Taxes Description: Actual Village Taxes: 1558.83 Village Taxes Description: Actual

Flooring

Combination: 1

Foundation Details

Block: 1 Stone: 1

Heating

Baseboard: 1 Electric: 1

Interior Features

Apartment: 1 Recessed Lighting: 1

Laundry Features

Common Area: 1 Laundry Room: 1

Levels

Two: 1

Listing Terms

Conventional: 1

Lot Features

Near Golf Course: 1 Near Public Transit: 1 Views: 1

Other Structures

None: 1

Parking Features

Electric Vehicle Charging Station(s): 1 On Site: 1

Patio And Porch Features

Awning(s): 1 Deck: 1

Pool Features

None: 1

Property Condition

Updated/Remodeled: 1

Road Frontage Type

Public: 1 State Road: 1

Road Surface Type

Paved: 1

Roof

Membrane: 1 Metal: 1

Security Features

Fire Alarm: 1 Smoke Detector(s): 1

Sewer

Public Sewer: 1

Spa Features

None: 1

Special Listing Conditions

Standard: 1

Structure Type

Quadruplex: 1

Utilities

Internet Connected: 1 Sewer Connected: 1 Water Connected: 1

View

Downtown: 1 Mountain(s): 1

Water Source

Public: 1

Window Features

Vinyl Clad Windows: 1

Income and Expenses

Gross Income: 94422.81 Electric Expense: 5175.31 Supplies Expense: 1000 Trash Expense: 3028.25 Water Sewer Expense: 493.25

Owner Pays

All Utilities: 1 Electricity: 1 Hot Water: 1 Insurance: 1 Repairs: 1 Sewer: 1 Snow Removal: 1 Taxes: 1 Trash Collection: 1 Water: 1

Tenant Pays

None: 1

Unit One

Unit #: 1 Bathrooms Full: 1 Beds Total: 2 Range: 1 Refrigerator: 1

Unit Two

Unit #: 2 Bathrooms Full: 1 Beds Total: 1 Range: 1 Refrigerator: 1

Unit Three

Unit #: 3 Bathrooms Full: 1 Beds Total: 1 Range: 1 Refrigerator: 1

Unit Four

Unit #: 4 Bathrooms Full: 11 Beds Total: 1 Range: 1 Refrigerator: 1

Showing Requirements

Call Listing Agent: 1

Location Tax and Legal

Street Number: 2807 Street Name: Wilmington Street Suffix: Road County: Essex State: NY Postal Code: 12946 MLS Area Major: Lake Placid Township: Lake Placid School District: Lake Placid Parcel Number: 42.224-1-6.000 Zoning: Mixed Directions: Follow main st until it turns into Wilmington rd. Property iwll be on the left after the white bear restaurant and before the golf course.

Meter Information

Number Of Separate Electric Meters: 5

Property Features

Appliances: Electric Range; Exhaust Fan; Free-Standing Refrigerator; Microwave Architectural Style: Old Style Basement: Block; Dirt Floor Common Walls: 2+ Common Walls Construction Materials: Aluminum Siding; Metal Siding Cooling: Window Unit(s) Documents Available: Deed; Lead Paint; Property Condition Door Features: Sliding Doors Electric: 200+ Amp Service Exemptions: No Exemptions Exterior Features: Awning(s); Barbecue; Lighting; Private Entrance; Smart Lock(s) Fencing: None Flooring: Combination Foundation Details: Block; Stone Heating: Baseboard; Electric Interior Features: Apartment; Recessed Lighting Laundry Features: Common Area; Laundry Room Levels: Two Listing Terms: Conventional Lot Features: Near Golf Course; Near Public Transit; Views Other Structures: None Owner Pays: All Utilities; Electricity; Hot Water; Insurance; Repairs; Sewer; Snow Removal; Taxes; Trash Collection; Water Parking Features: Electric Vehicle Charging Station(s); On Site Patio And Porch Features: Awning(s); Deck Pool Features: None Property Condition: Updated/Remodeled Road Frontage Type: Public; State Road Road Surface Type: Paved Roof: Membrane; Metal Security Features: Fire Alarm; Smoke Detector(s) Sewer: Public Sewer Spa Features: None Special Listing Conditions: Standard Structure Type: Quadruplex Tenant Pays: None Utilities: Internet Connected; Sewer Connected; Water Connected View: Downtown; Mountain(s) Water Source: Public Window Features: Vinyl Clad Windows Unit One: Range; Refrigerator Unit Two: Range; Refrigerator Unit Three: Range; Refrigerator Unit Four: Range; Refrigerator Showing Requirements: Call Listing Agent
Listing Courtesy of Say Real Estate
IDX
Information deemed reliable but not guaranteed.