Proud to present this beautifully updated 3-unit rental property in immaculate, truly turnkey condition. Every unit has been thoughtfully renovated with modern finishes, stylish kitchens and baths, updated flooring, fresh paint, and quality fixtures throughout. The result is a clean, bright, and welcoming space tenants love -- and an investment you can feel confident about.
This property offers:
1. Three well-maintained, income-producing units
2. Strong rental income of 72k+ per year gross in a high-demand area
3. Low-maintenance updates already completed
4. Excellent opportunity for income or affordable owner-occupants
Located in the heart of Saranac Lake, you're just minutes from local shops, restaurants, outdoor recreation, and all the charm this Adirondack community is known for. Whether you're looking to expand your portfolio or live in one unit while generating income from the others, this property checks all the boxes.
Sold for $499,950
$499,950
101 Margaret St, Saranac Lake, NY 12983
--beds
0baths
2,673sqft
Triplex
Built in 1907
-- sqft lot
$508,100 Zestimate®
$187/sqft
$1,344 Estimated rent
Home value
$508,100
Estimated sales range
Not available
$1,344/mo
Zestimate® history
Owner options
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$1,344/mo
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$1,344/mo
Rent Zestimate®
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$3,453/mo
Est. payment
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$3,453/mo
Est. payment
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List your homeWhat's special
Modern finishesFresh paintStylish kitchens and bathsUpdated flooringQuality fixtures throughout
Zillow last checked:
Listing updated:
Listed by:
Francis (Bob) Miller,
Bob Miller Real Estate
Bought with:
Dominika Earl, 10401375324
Merrill L. Thomas, Inc.
Source: ACVMLS,MLS#: 206594
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Electric, Hot Water, Oil
Cooling
- Heat Pump
Appliances
- Included: Cooktop, Oven, Refrigerator, Washer/Dryer
- Laundry: In Basement
Features
- Flooring: Ceramic Tile, Hardwood
- Basement: Full
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 2,673
- Total interior livable area: 2,673 sqft
Property
Parking
- Total spaces: 3
- Parking features: Open
- Uncovered spaces: 3
Features
- Levels: Tri-Level
- Stories: 3
- Patio & porch: Glass Enclosed, Porch, Side Porch
- Exterior features: Private Entrance, Smart Lock(s)
- Pool features: None
- Fencing: None
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 5,662 Square Feet
- Features: City Lot
Details
- Parcel number: 447.611010
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Old Style
- Property subtype: Triplex
Materials
- Wood Siding
- Roof: Metal
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1907
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Internet Connected, Sewer Connected, Water Connected
Community & HOA
HOA
- Has HOA: No
Location
- Region: Saranac Lake
Financial & listing details
- Price per square foot: $187/sqft
- Tax assessed value: $178,200
- Annual tax amount: $5,692
- Date on market: 2/18/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Lease term: Short Term Lease
- Tenant pays: None
- Electric utility on property: Yes
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 5/4/2026 | Sold | $499,950$187/sqft |
Source:  ACVMLS #206594 Report a problem | ||
| 3/1/2026 | Pending sale | $499,950$187/sqft |
Source: ACVMLS #206594 Report a problem | ||
| 2/18/2026 | Listed for sale | $499,950+194.1%$187/sqft |
Source: ACVMLS #206594 Report a problem | ||
| 12/30/2021 | Sold | $170,000-24.4%$64/sqft |
Source: ACVMLS #173497 Report a problem | ||
| 11/23/2021 | Pending sale | $225,000$84/sqft |
Source: ACVMLS #173497 Report a problem | ||
| 7/15/2021 | Price change | $225,000-9.6%$84/sqft |
Source: ACVMLS #173497 Report a problem | ||
| 5/27/2021 | Listed for sale | $249,000+304.9%$93/sqft |
Source:  ACVMLS #173497 Report a problem | ||
| 5/7/2002 | Sold | $61,500$23/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $178,200 |
| 2024 | -- | $178,200 |
| 2023 | -- | $178,200 |
| 2022 | -- | $178,200 |
| 2021 | -- | $178,200 |
| 2020 | -- | $178,200 |
| 2019 | -- | $178,200 |
| 2018 | -- | $178,200 |
| 2017 | $4,775 | $178,200 |
| 2016 | -- | $178,200 |
| 2015 | -- | $178,200 |
| 2014 | -- | $178,200 |
| 2013 | -- | $178,200 |
| 2012 | -- | $178,200 |
| 2011 | -- | $178,200 |
| 2010 | -- | $178,200 +71.3% |
| 2009 | -- | $104,000 |
| 2008 | -- | $104,000 |
| 2007 | -- | $104,000 |
| 2006 | -- | $104,000 +50.7% |
| 2005 | -- | $69,000 |
| 2004 | -- | $69,000 |
| 2003 | -- | $69,000 |
| 2002 | -- | $69,000 |
| 2001 | -- | $69,000 |
Find assessor info on the county website
Neighborhood: 12983
Nearby homes
- $439,500-- bd-- ba2.8k sqft15 Circle St, Saranac Lake, NY 12983Off Market
- $196,5003 bd1 ba-- sqft97 Margaret St APT 4, Saranac Lake, NY 12983Off Market
- $184,6002 bd1 ba1.4k sqft19 Circle St, Saranac Lake, NY 12983Off Market
- $287,4003 bd3 ba2.1k sqft11 Circle St, Saranac Lake, NY 12983Off Market
- $--1 bd1 ba850 sqft11 Circle St APT 3, Saranac Lake, NY 12983Off Market
- $259,1005 bd2 ba1.7k sqft104 Margaret St, Saranac Lake, NY 12983Off Market
- $272,8003 bd2 ba1.3k sqft23 Circle St, Saranac Lake, NY 12983Off Market
- $320,1004 bd2 ba1.8k sqft91 Margaret St, Saranac Lake, NY 12983Off Market
Nearby schools
GreatSchools rating
- 4/10Petrova Elementary SchoolGrades: K-5Distance: 0.6 mi
- 7/10Saranac Lake Middle SchoolGrades: 6-8Distance: 0.6 mi
- 6/10Saranac Lake Senior High SchoolGrades: 9-12Distance: 0.6 mi
- New York
- Franklin County
- Saranac Lake
- 12983
- 101 Margaret St
Nearby cities
Nearby zip codes
Other Saranac Lake Topics
