Sold for $175,000

$175,000

132 Old Lake Colby Rd, Saranac Lake, NY 12983

--beds

0baths

3,272sqft

Apartment

Built in 1980

-- sqft lot

$185,600 Zestimate^®

$53/sqft

$1,522 Estimated rent

Home value

$185,600

Estimated sales range

Not available

$1,522/mo

Zestimate^® history

Owner options

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$1,522/mo

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$1,522/mo

Rent Zestimate^®

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$1,014/mo

Est. payment

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$1,014/mo

Est. payment

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What's special

Washer and dryerFull porchClose to community beachLarge lot

Great building on a large lot located close to community beach, trails, and Adirondack Medical Center. Five large, easy to rent units. Three units currently occupied month to month at under market rates with room to improve. Potential for shop/garage space or an additional unit as well. Two units currently vacant in varying stages of rehab. Building is profitable even with vacancies so high potential for great cash flow once fully occupied at market rates. Apt 2 has full porch and a storage attic. Fireplace, washer and dryer in apt 1. Apt 3 also has its own washer/dryer. 48 Hour Notice is preferable for showings.

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 0

Heating

Cooling

None

Appliances

Included: Range, Refrigerator, Washer/Dryer Stacked

Features

Apartment
Flooring: Carpet, Hardwood, Linoleum
Windows: Vinyl Clad Windows
Basement: Unfinished
Has fireplace: Yes

Interior area

Total structure area: 3,272
Total interior livable area: 3,272 sqft

Property

Parking

Total spaces: 8
Parking features: Gravel, On Site
Uncovered spaces: 8

Features

Stories: 2
Patio & porch: Front Porch, Side Porch
Has view: Yes
View description: Neighborhood
Body of water: None

Lot

Size: 0.61 Acres
Dimensions: .61
Features: Private, Rectangular Lot, Rolling Slope
Topography: Rolling

Details

Parcel number: 446.44112.200
Zoning: Mixed

Construction

Type & style

Home type: MultiFamily
Architectural style: Traditional
Property subtype: Apartment

Materials

Frame, Stucco
Foundation: Stone
Roof: Metal

Condition

Fixer
New construction: No
Year built: 1980

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Internet Available, Phone Available, Sewer Connected, Water Connected

Community & neighborhood

Location

Region: Saranac Lake
Subdivision: None

Other

Other facts

Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional
Road surface type: Paved

Price history

Date	Event	Price
3/5/2025	Sold	$175,000$53/sqft
Source: ACVMLS #200590 Report a problem
8/17/2024	Pending sale	$175,000$53/sqft
Source: ACVMLS #200590 Report a problem
3/13/2024	Price change	$175,000-9.8%$53/sqft
Source: ACVMLS #200590 Report a problem
11/11/2023	Price change	$194,000-2.5%$59/sqft
Source: ACVMLS #200590 Report a problem
9/26/2023	Listed for sale	$199,000$61/sqft
Source: ACVMLS #200590 Report a problem