Welcome to 75 Margaret Place, a beautifully maintained historic home in the heart of Saranac Lake with roots dating back to 1911 as the Garwood Cottage and later the Sarnsky Cottage in 1929. This charming property offers the perfect blend of historic character and modern upgrades, all within walking distance to everything the village has to offer. Featuring two well-maintained units, the main level consists of a 1-bedroom, 1-bath apartment, while the upper level offers a spacious 2-bedroom, 1-bath layout. Ideal for owner-occupants or investors seeking stable passive income, the downstairs unit has been tastefully renovated and is in impeccable condition, making it an attractive space for tenants or owners alike, while the current tenant's rent helps cover the mortgage. The upstairs apartment boasts spacious rooms, charming wood details, abundant natural light, and a bonus room that can serve as a third bedroom or office space. Additional features include a two-car garage with a spacious patio above that's perfect for entertaining or relaxing by a fire pit, ample storage in the basement, and two washer/dryer units for added convenience. Don't miss this rare opportunity to own a piece of Saranac Lake history while enjoying modern comforts and financial benefits—it won't last long!
Pending
$325,000
75 Margaret St, Saranac Lake, NY 12983
--beds
0baths
1,512sqft
Duplex
Built in 1910
-- sqft lot
$-- Zestimate®
$215/sqft
$-- HOA
What's special
Abundant natural lightBonus roomImpeccable conditionSpacious patioWell-maintained unitsCharming wood detailsTwo-car garage
- 88 days
- on Zillow |
- 57 |
- 0 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: February 18, 2025 at 01:37pm
Listing by:
Merrill L. Thomas, Inc. 518-523-2519,
Kelsey Cassidy
Source: ACVMLS,MLS#: 203825

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Oil
Appliances
- Included: Range, Washer, Washer/Dryer
- Laundry: Common Area, In Basement, In Unit
Features
- Apartment
- Basement: Walk-Up Access
Interior area
- Total structure area: 1,512
- Total interior livable area: 1,512 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Levels: Multi/Split
- Stories: 2
Lot
- Size: 5,662.8 Square Feet
Details
- Parcel number: 446.6855
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Old Style
- Property subtype: Duplex
Materials
- Stone, Wood Siding
- Foundation: Poured, Stone
- Roof: Asphalt
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1910
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected
Community & HOA
Location
- Region: Saranac Lake
Financial & listing details
- Price per square foot: $215/sqft
- Tax assessed value: $190,001
- Annual tax amount: $2,383
- Date on market: 1/28/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Total actual rent: 29880
- Tenant pays: Cable TV, Electricity
- Electric utility on property: Yes
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