An exceptional real estate investment opportunity of a 4-family home. Includes a two-bedroom apt., a one-bedroom apt., a studio apt and a separate resort quality one-bedroom cottage. $4,600 current
monthly rental income. The property has been completely renovated inside and out, including new kitchens, bathrooms and flooring. Ideally located within walking distance to the Olympic Village and restaurants. Potential to operate as a Hosted short term rental property which would require an approved permit. 48-hour notice required for all showings.
Sold for $760,000
$760,000
171 Elm St, Lake Placid, NY 12946
5beds
3,600sqft
Single Family Residence
Built in 1940
0.25 Acres Lot
$734,500 Zestimate®
$211/sqft
$3,828 Estimated rent
Home value
$734,500
Estimated sales range
Not available
$3,828/mo
Zestimate® history
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List your homeWhat's special
New kitchens
Zillow last checked:
Listing updated:
Listed by:
Mark Adler,
Adirondack Premier Properties Berkshire Hathaway HomeService,
Margie Philo,
Adirondack Premier Properties Berkshire Hathaway HomeService
Bought with:
Tara Wright, 10401373326
Acre Adk
Source: ACVMLS,MLS#: 206512
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
- Main level bathrooms: 2
- Main level bedrooms: 2
Primary bedroom
- Features: Hardwood
- Level: First
- Area: 143 Square Feet
- Dimensions: 13 x 11
Bedroom 2
- Features: Hardwood
- Level: Second
- Area: 121 Square Feet
- Dimensions: 11 x 11
Bedroom 3
- Features: Hardwood
- Level: Second
- Area: 143 Square Feet
- Dimensions: 11 x 13
Primary bathroom
- Features: Ceramic Tile
- Level: First
- Area: 22 Square Feet
- Dimensions: 4 x 5.5
Dining room
- Features: Hardwood
- Level: First
- Area: 161 Square Feet
- Dimensions: 11.5 x 14
Kitchen
- Features: Ceramic Tile
- Level: First
- Area: 143.75 Square Feet
- Dimensions: 11.5 x 12.5
Living room
- Features: Hardwood
- Level: First
- Area: 188.5 Square Feet
- Dimensions: 13 x 14.5
Other
- Features: Hardwood
- Level: First
- Area: 60 Square Feet
- Dimensions: 5 x 12
Heating
- Baseboard, Electric
Cooling
- None
Appliances
- Included: Dishwasher, Dryer, Electric Cooktop, Electric Oven, Microwave, Refrigerator, Washer
Features
- Windows: Insulated Windows
- Basement: Full,Unfinished
- Number of fireplaces: 1
- Fireplace features: Living Room
Interior area
- Total structure area: 3,600
- Total interior livable area: 3,600 sqft
- Finished area above ground: 3,600
- Finished area below ground: 0
Property
Parking
- Total spaces: 6
- Parking features: Deck, Driveway, No Garage, Paved
- Attached garage spaces: 1
- Uncovered spaces: 5
Features
- Levels: Three Or More
- Stories: 3
- Exterior features: Lighting
- Has view: Yes
- View description: Neighborhood
- Body of water: None
Lot
- Size: 0.25 Acres
- Dimensions: .25
- Features: Few Trees, Landscaped, Many Trees
Details
- Parcel number: 42.157310.000
- Zoning: Residential
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Adirondack,Colonial
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Foundation: Poured
- Roof: Metal
Condition
- Year built: 1940
Utilities & green energy
- Utilities for property: Cable Available, Internet Available, Sewer Connected, Water Connected
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Lake Placid
Financial & listing details
- Price per square foot: $211/sqft
- Tax assessed value: $600,900
- Annual tax amount: $8,065
- Date on market: 2/2/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash
- Lease term: Short Term Lease
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/18/2026 | Sold | $760,000-4.4%$211/sqft |
Source:  ACVMLS #206512 Report a problem | ||
| 4/15/2026 | Pending sale | $795,000$221/sqft |
Source: ACVMLS #206512 Report a problem | ||
| 2/2/2026 | Listed for sale | $795,000+103.8%$221/sqft |
Source: ACVMLS #206512 Report a problem | ||
| 5/10/2019 | Listing removed | $1,000 |
Source: Zillow Rental Manager Report a problem | ||
| 4/25/2019 | Listed for rent | $1,000-16.7% |
Source: Zillow Rental Manager Report a problem | ||
| 10/29/2018 | Listing removed | $1,200 |
Source: Zillow Rental Manager Report a problem | ||
| 10/12/2018 | Listed for rent | $1,200 |
Source: Zillow Rental Manager Report a problem | ||
| 9/30/2015 | Sold | $390,000-18.6%$108/sqft |
Source: ACVMLS #149281 Report a problem | ||
| 7/9/2013 | Listed for sale | $479,000+36.9%$133/sqft |
Source: Lake Placid #146784 Report a problem | ||
| 12/19/2005 | Sold | $350,000$97/sqft |
Source:  Global MLS #86680 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $600,900 -8.2% |
| 2024 | -- | $654,900 +24.4% |
| 2023 | -- | $526,300 +18% |
| 2022 | -- | $446,000 +12.4% |
| 2021 | -- | $396,800 |
| 2020 | -- | $396,800 +1.2% |
| 2019 | -- | $392,200 |
| 2018 | -- | $392,200 +0.6% |
| 2017 | $4,613 | $390,000 |
| 2016 | -- | $390,000 -4.3% |
| 2015 | -- | $407,700 |
| 2014 | -- | $407,700 +74.2% |
| 2005 | -- | $234,000 |
Find assessor info on the county website
Neighborhood: 12946
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Nearby schools
GreatSchools rating
- 5/10Lake Placid Elementary SchoolGrades: K-5Distance: 1.2 mi
- 6/10Lake Placid Junior Senior High SchoolGrades: 6-12Distance: 0.6 mi
- New York
- Essex County
- Lake Placid
- 12946
- 171 Elm St
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