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317 Lake Flower Avenue

Saranac Lake, NY 12983
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Bed --

Bed

Bath 0

Bath

Acres0.50

Acre(Lot)

Here is a unique opportunity to own a four-unit apartment house with 143 feet of waterfront on beautiful Lake Flower in Saranac Lake. This distinctive Victorian-style property offers an unusual combination of multifamily income and private waterfront ownership, with the home positioned on a small hill overlooking the lake. The property features a two-bedroom apartment occupying the entire third floor and a two-bedroom apartment encompassing the entire second floor. The first floor includes two separate one-bedroom apartments, each with its own private entrance. All apartments offer front and rear entrances. The first floor also provides flexibility for future reconfiguration, with the potential to create three one-bedroom apartments or one expansive three-bedroom apartment, subject to a pprovals. Additional features include a newer roof, abundant storage throughout the basement, five parking spaces in front and five in the rear, and a dock on Lake Flower. With appropriate approvals, there may be potential for multiple docks and boat-slip rentals, creating an additional income opportunity. Heat is included in rent for all tenants. Tenants pay their own electric. House has been completely re-wired and there are separate panels for each apartment in the basement. Live in one apartment while the rental income from the others helps offset ownership expenses, or maximize the property's investment potential. Located less than a quarter-mile from the Adirondack Rail Trail and approximately a 10-minute walk to downtown Saranac Lake, the property is close to restaurants, shops, galleries, entertainment, and the new Pendragon Theatre. Enjoy easy access to boating, hiking, biking, paddling, skiing, snowmobiling, and the many four-season recreational opportunities that make Saranac Lake a thriving Adirondack destination.

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Detail Ic Property Details

Property Type : Residential Income

Price : $649,000

AD Id : 91322393

MLS Id : 208429

Lot Size : 0.50 Acre

Tax Amount : $8,998

Year Built : 1940

County : Essex

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Feature Features

  • Room Information

    Has Basement: Yes Basement: Exterior Entry, Full, Unfinished
  • Flooring Information

    Combination
  • Roofing Information

    Asphalt, Membrane, Rubber
  • Interior Features

    Roof: Asphalt, Membrane, Rubber
  • Heating & Cooling

    Has Heating: Yes Heating: Baseboard, Hot Water, Oil Water front: 1

  • Building Information

    Year Built: 1940 Building Area Total: 3599 Construction Materials: Cedar, Frame Stories: 3 Frontage Length: 143 Private Pool: No Water front Features: Lake Front, Waterfront View: Lake, Neighborhood

  • Lot Information

    Main Square Feet: 0.5 Acres Lot Size Acres: 0.5 Lot Size Square Feet: 21780 Lot Description: Few Trees, Front Yard, Waterfront

  • Listing Price Information

    Listing Price: $649000 Original Price: $675000 Cash, Conventional

  • Tax Information

    Parcel Number: 32.230-1-12.000 Annual Tax: $8998

  • Parking Information

    Parking Total: 10

  • Location Information

    WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
LOT 7 Oseetah Woods Road, Saranac Lake, NY, 12983 $389,000 -- -- -- 6.23 Acres
1341 State Route 3, Saranac Lake, NY, 12983 $595,000 4 3 3,134 9.10 Acres
144/148 Breezy Acres Lane, Saranac Lake, NY, 12983 $429,000 3 2 1,080 1.54 Acres
1034 State Route 3, Saranac Lake, NY, 12983 $675,000 3 2 1,700 30.10 Acres
39 Poplar Lane, Saranac Lake, NY, 12983 $559,000 3 2 1,920 1.20 Acres
27 Winona Avenue, Saranac Lake, NY, 12983 $299,000 -- -- -- 0.10 Acre
1235 Pine Street, Saranac Lake, NY, 12983 $199,000 2 1 729 0.36 Acre
189 Oseetah Woods Road, Saranac Lake, NY, 12983 $1,999,999 3 4 2,519 6.83 Acres
517 Forest Hill Avenue, Saranac Lake, NY, 12983 $375,000 5 2 2,016 0.20 Acre
187 Oseetah Woods Road, Saranac Lake, NY, 12983 $1,795,000 4 4 2,628 5.20 Acres

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Adirondack-Champlain Valley Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than ByOwner, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright ©2026 Adirondack-Champlain Valley Multiple Listing Service. All Rights Reserved.

ByOwner last updated this listing 09/26/2026 @ 14:14

MLS: 208429 LISTED BY: Matthew Ellis, Coldwell Banker Whitbeck Assoc Tupper Lake 518-359-9440 SOURCE: AdirondackChamplain Valley MLS

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