9 River Street
Saranac Lake, NY 12983
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Bed
0
Bath
0.27Acre(Lot)
Situated directly across from Lake Flower and Riverside Park, this 9-unit multifamily delivers immediate cash flow with significant upside. Current gross income is $11,920/month with rents running below market. The next owner inherits a stabilized asset and a clear path to forced appreciation. Unit 1 was recently renovated, establishing a proven value-add template for the portfolio. Units 5 and 7 offer private shared balcony access with stunning lake and mountain views. Unit 7, the owner's suite, features 3 beds, 2 baths, a Jacuzzi tub, skylights, wood stove fireplace, custom kitchen, and in-unit laundry. Most tenants cover their own utilities, keeping operating expenses lean and boosting net returns. Coin-operated basement laundry generates additional ancillary income. An on-site pr
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Flooring Information
Hardwood, Tile, Vinyl -
Roofing Information
Asphalt, Metal -
Interior Features
Beamed Ceilings, Coffered Ceiling(s), High Ceilings, Kitchen Island, Recessed Lighting Roof: Asphalt, Metal Laundry Features: In Basement -
Heating & Cooling
Has Heating: Yes Heating: Baseboard, Oil, Propane Cooling: None
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Building Information
Year Built: 1880 Building Area Total: 6811 Construction Materials: Brick, Vinyl Siding Private Pool: No View: Downtown, Mountain(s), Neighborhood, Park/Greenbelt, Trees/Woods -
Exterior Features
Exterior Features: Balcony
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Lot Information
Main Square Feet: 0.27 Acres Lot Size Acres: 0.27 Lot Size Square Feet: 11761.2 Lot Description: Wooded, Corner Lot, Level, Many Trees, Views
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Listing Price Information
Listing Price: $1200000 Cash, Conventional
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Tax Information
Parcel Number: 447.77-8-16 Annual Tax: $11865.19
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Parking Information
Unpaved
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Utility Information
Cable Available, Cable Connected, Electricity Connected, Sewer Connected, Water Connected -
Location Information
Direction: Located at the 4-way in Saranac Lake across from the Town Hall next to the Verizon Store. WaterSource: Public
How much is this property worth?
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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 | -- | -- | -- | |
| 1341 State Route 3, Saranac Lake, NY, 12983 | $595,000 | 4 | 3 | 3,134 | 3,134 SqFt |
| 144/148 Breezy Acres Lane, Saranac Lake, NY, 12983 | $449,000 | 3 | 2 | 1,080 | 1,080 SqFt |
| 189 Oseetah Woods Road, Saranac Lake, NY, 12983 | $1,999,999 | 3 | 4 | 2,519 | 2,519 SqFt |
| 517 Forest Hill Avenue, Saranac Lake, NY, 12983 | $389,900 | 5 | 2 | 2,016 | 2,016 SqFt |
| 187 Oseetah Woods Road, Saranac Lake, NY, 12983 | $1,995,000 | 4 | 4 | 2,628 | 2,628 SqFt |
| 406 Park Avenue, Saranac Lake, NY, 12983 | $475,000 | 3 | 3 | 3,552 | 3,552 SqFt |
| 173 Kiwassa Road, Saranac Lake, NY, 12983 | $729,000 | 5 | 4 | 2,269 | 2,269 SqFt |
| 220 Riverside Drive, Saranac Lake, NY, 12983 | $699,900 | 3 | 3 | 2,485 | 2,485 SqFt |
| 133 Main Street, Saranac Lake, NY, 12983 | $539,900 | 7 | 4 | 3,586 | 3,586 SqFt |
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ByOwner last updated this listing 07/19/2026 @ 20:43
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