223+225 Neil Street
Saranac Lake, NY 12983
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Bed
0.5
Bath
0.18Acre(Lot)
Rare multi-unit investment opportunity featuring two separate buildings on one property. The first building is a standalone single-family style home offering 3 bedrooms and 1.5 baths, providing flexible rental options or potential owner-occupant use. The second building consists of 3 units: 3/1, 2/1 and 1/1 (basement) The property currently generates $4,300/month in rental income, with clear upside potential as rents are below current market value. Separate layouts allow for diversified tenant mix and strong long-term cash flow potential. Ideal for investors seeking immediate income with room to increase returns over time. Fully rented with long term tenants Perfect setup for owner occupied main building and rental building to supplement mortgage.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bathroom Information
Half Baths: 1Room Information
Has Basement: Yes Basement: Apartment, Finished -
Roofing Information
Metal -
Interior Features
Roof: Metal Appliances: Free-Standing Electric Oven, Free-Standing Electric Range Laundry Features: Laundry Closet, Electric Dryer Hookup, Washer Hookup -
Heating & Cooling
Has Heating: Yes Heating: Baseboard, Hot Water, Oil
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Building Information
Year Built: 1920 Building Area Total: 3687 Construction Materials: Frame Patio And Porch Features: Deck, Rear Porch Private Pool: No -
Exterior Features
Exterior Features: Balcony, Private Entrance
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Lot Information
Main Square Feet: 0.18 Acres Lot Size Acres: 0.18 Lot Size Square Feet: 7840.8
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Listing Price Information
Listing Price: $459900
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Tax Information
Parcel Number: 446.76-6-9 Annual Tax: $8227.8
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Parking Information
Parking Total: 6 Open, Off Street
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Location Information
WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 39 Shepard Avenue, Saranac Lake, NY, 12983 | $349,900 | -- | -- | -- | |
| 115 Main Street, Saranac Lake, NY, 12983 | $730,000 | -- | -- | -- | |
| 137 Charles Street, Saranac Lake, NY, 12983 | $389,000 | -- | -- | -- |
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ByOwner last updated this listing 06/20/2026 @ 21:25
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