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Adirondack Real Estate

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5732&5734 NYS Route 86, Wilmington, NY 12997

$380,000
Property Type: Residential Income Square Footage: 3,569 Lot Size (sq. ft.): 43,996 Status: Active
Current Price: $380,000 List Date: 12/24/2025 Last Modified: 1/14/2026

Description

Secure a high-occupancy residential asset in the Adirondacks' most sought-after recreation corridor. This 5-unit multi-family property in Wilmington offers a unique lifestyle draw for tenants: private river access paired with a location only 5 minutes from the base of Whiteface Mountain. Property Breakdown: Composition: (4) 1BR/1BA apartments plus (1) 1BR/1BA detached single-family residence. Total Gross Income: $4,525 per month. Owner-Friendly Mechanics: All units feature separately metered utilities, keeping owner expenses predictable and low. The 'Wilmington Edge': Demand in this area is driven by its 15-minute proximity to Lake Placid and its status as a mountain biking and skiing mecca. Whether you are looking for a stable long-term hold or a 'house-hack' where you live in the riverfront cottage while the four units pay your mortgage, 5732-5734 NYS Rte 86 is a rare find in a supply-constrained market.

More Information MLS# 206377

Contract Information

Short Term Rental Options: Property is available to rent STR with local restrictions and permitting Current Price: $380,000 Original List Price: 380000 List Price: $380,000 Status: Active Listing Contract Date: 2025-12-24 Property Sub Type: Quadruplex Listing Agreement: Exclusive Right To Sell

Location, Tax, and Legal

Tax Annual Amount: 6612.06 Tax Assessed Value: 432110 Land Tax Annual Amount: 1156.86 APA: Hamlet Deed Date: 2021-09-24

General Property Information

Number Of Buildings: 2 Waterfront Footage: 150 Stories Total: 2 Fireplace YN: No Number of Units: 5 Building Area Total: 3569 Year Built: 1935 Open Parking YN: 1 Lot Size Acres: 1.01 Waterfront YN: 1 Water Body Name: Ausable River Sign On Property YN: 1

Status Change Information

Status Change Timestamp: 2025-12-24 Major Change Timestamp: 2025-12-24T15:44:16Z Major Change Type: New Listing

Appliances

Electric Cooktop: 1 Electric Oven: 1 Refrigerator: 1

Basement

Full: 1 Partially Finished: 1 Storage Space: 1 Unfinished: 1 Walk-Out Access: 1

Construction Materials

Wood Siding: 1

Deed Details

Page: 143 Volume: 2052

Exterior Features

Balcony: 1 Dock: 1 Garden: 1 Private Yard: 1

Financial Details

School Taxes: 2265.11

Flooring

Carpet: 1 Laminate: 1 Luxury Vinyl: 1 Varies: 1 Wood: 1

Frontage Type

River: 1

Heating

Tank Location: Basement Electric: 1 Propane: 1

Interior Features

Apartment: 1

Listing Terms

1031 Exchange: 1 Cash: 1 Conventional: 1

Lot Features

Back Yard: 1 City Lot: 1 Few Trees: 1 Garden: 1 Views: 1 Waterfront: 1

Parking Features

Off Street: 1 On Site: 1 Private: 1

Patio And Porch Features

Patio: 1 Porch: 1

Road Frontage Type

State Road: 1

Road Surface Type

Paved: 1

Roof

Asphalt: 1 Shingle: 1

Sewer

Septic Tank: 1

Structure Type

Multi Family: 1

Utilities

Electricity Connected: 1 Water Connected: 1 Propane: 1

View

River: 1

Water Source

Public: 1

Waterfront Features

River Access: 1

Income and Expenses

Fuel Expense: 52.59 Gross Income: 54900 Electric Expense: 2788.64 Insurance Expense: 6478.1 Maintenance Expense: 237.7 Net Operating Income: 38730.91

Owner Pays

Insurance: 1 Snow Removal: 1 Taxes: 1 Water: 1

Tenant Pays

All Utilities: 1

Unit One

Actual Rent: 950 Bathrooms Full: 1 Beds Total: 1 Leased: Yes Range: 1 Refrigerator: 1 Total SqFt: 465

Unit Two

Unit #: 1 Actual Rent: 875 Bathrooms Full: 1 Beds Total: 1 Leased: Yes Range: 1 Refrigerator: 1

Unit Three

Unit #: 2 Actual Rent: 875 Bathrooms Full: 1 Beds Total: 1 Leased: Yes Range: 1 Refrigerator: 1

Unit Four

Unit #: 3 Actual Rent: 975 Bathrooms Full: 1 Beds Total: 1 Leased: Yes Range: 1 Refrigerator: 1

Unit Five

Unit #: 4 Actual Rent: 900 Bathrooms Full: 1 Beds Total: 1 Leased: Yes Range: 1 Refrigerator: 1

Location Tax and Legal

Street Number: 5732&5734 Street Name: NYS Route 86 County: Essex State: NY Postal Code: 12997 MLS Area Major: Jay, Wilmington Township: Wilmington School District: Lake Placid Parcel Number: 26.6-5-12.000 Zoning: Mixed

Unit Details

Number Of Units Leased: 5

Property Features

Appliances: Electric Cooktop; Electric Oven; Refrigerator Basement: Full; Partially Finished; Storage Space; Unfinished; Walk-Out Access Construction Materials: Wood Siding Exterior Features: Balcony; Dock; Garden; Private Yard Flooring: Carpet; Laminate; Luxury Vinyl; Varies; Wood Frontage Type: River Heating: Electric; Propane Interior Features: Apartment Listing Terms: 1031 Exchange; Cash; Conventional Lot Features: Back Yard; City Lot; Few Trees; Garden; Views; Waterfront Owner Pays: Insurance; Snow Removal; Taxes; Water Parking Features: Off Street; On Site; Private Patio And Porch Features: Patio; Porch Road Frontage Type: State Road Road Surface Type: Paved Roof: Asphalt; Shingle Sewer: Septic Tank Structure Type: Multi Family Tenant Pays: All Utilities Utilities: Electricity Connected; Water Connected; Propane View: River Water Source: Public Waterfront Features: River Access Unit One: Range; Refrigerator Unit Two: Range; Refrigerator Unit Three: Range; Refrigerator Unit Four: Range; Refrigerator Unit Five: Range; Refrigerator
Listing Courtesy of Coldwell Banker Whitbeck Assoc-Saranac Lake
IDX
Information deemed reliable but not guaranteed.
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