Nicely maintained 4 unit apartment building outside of Saranac Lake. 3- 1 bedroom apartments and 1- 2 bedroom. Strong rental income and history with minimal expenses. 3 miles to Paul Smiths college, 7 miles to town.
Property grosses $46,800 a year
Owner is a Licensed Real Estate Agent
Sold for $370,000 on 05/20/25
$370,000
815 State Route 86, Gabriels, NY 12939
--beds
0baths
3,248sqft
Quadruplex
Built in 1945
-- sqft lot
$373,000 Zestimate®
$114/sqft
$1,027 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: May 20, 2025 at 05:32pm
Listed by:
Christian Thomas,
Say Real Estate
Bought with:
Christian Thomas, 10401367995
Say Real Estate
Source: ACVMLS,MLS#: 203710
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Electric
Cooling
- None
Appliances
- Included: Free-Standing Electric Range, Free-Standing Refrigerator, Water Heater
- Laundry: None
Features
- Apartment
- Flooring: Carpet, Hardwood, Vinyl
- Basement: Block,Crawl Space,Exterior Entry,No Inside Entry
Interior area
- Total structure area: 3,248
- Total interior livable area: 3,248 sqft
Property
Parking
- Total spaces: 9
- Parking features: Asphalt
- Has carport: Yes
- Uncovered spaces: 8
Features
- Levels: Two
- Patio & porch: Front Porch
- Exterior features: Garden, Storage
- Pool features: None
- Spa features: None
Lot
- Size: 3.35 Acres
- Features: Back Yard
Details
- Parcel number: 397.119.200
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Old Style
- Property subtype: Quadruplex
Materials
- Wood Siding
- Foundation: Block, Stone
- Roof: Asphalt
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1945
Utilities & green energy
- Sewer: Engineered Septic
- Water: Well Dug
- Utilities for property: Electricity Connected
Community & neighborhood
Location
- Region: Gabriels
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: 1031 Exchange,Cash,Conventional,FHA,VA Loan
- Road surface type: Paved