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Sold for $455,000
  • $455,000

    273 Ampersand Ave, Saranac Lake, NY 12983

    --beds
    0baths
    3,478sqft
    Quadruplex
    Built in 1987
    -- sqft lot
    $-- Zestimate®
    $131/sqft
    $1,981 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $1,981/mo

    Zestimate® history
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    What's special

    Long-term durabilityFully equipped kitchensSturdy metal roofWell-designed living spaces
    Welcome to a unique investment opportunity in Saranac Lake! This impeccably maintained quadplex offers four distinct townhome-style units. Each unit features fully equipped kitchens, two spacious bedrooms, providing residents with the utmost comfort and convenience. The property's ideal location allows for easy access to downtown Saranac Lake, the Saranac Lake Civic Center, schools, and parks, ensuring that residents have all the essentials right at their doorstep. Built to endure, this quadplex boasts a sturdy metal roof and low-maintenance aluminum siding, promising long-term durability and minimal upkeep. The convenience of on-site parking, including four carports, adds to the property's appeal, offering residents and guests hassle-free parking options. In addition to the well-designed living spaces, the property features an unfinished basement with washer/dryers, providing valuable storage space for residents and accommodating various needs. From a financial perspective, this quadplex presents a lucrative opportunity. With the potential to generate a substantial monthly income of $4,000 or more. What sets this opportunity apart is the fact that all units are currently vacant, providing a fresh start for investors. Whether you're looking to establish a steady rental income or explore creative possibilities for the space, this property offers endless potential.

    Zillow last checked:

    Listing updated:

    Listed by:

    Kelsey Cassidy,

    Merrill L. Thomas, Inc.

    Bought with:

    Matthew Szeliga, 10371201323

    Mountain Run Realty

    Source: ACVMLS,MLS#: 200742MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Heating
    • Baseboard, Propane
    Cooling
    • None
    Appliances
    • Included: Dryer, Electric Range, Electric Water Heater, Refrigerator, Water Heater
    • Laundry: Lower Level
    Features
    • Flooring: Carpet, Linoleum
    • Basement: Block,Concrete
    • Common walls with other units/homes: 1 Common Wall
    Interior area
    • Total structure area: 3,478
    • Total interior livable area: 3,478 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Carport
    • Carport spaces: 4
    • Has uncovered spaces: Yes
    Features
    • Levels: Three Or More
    • Fencing: None
    • Has view: Yes
    • View description: Neighborhood
    Lot
    • Features: Few Trees, Front Yard
    Details
    • Parcel number: 446.6738
    • Zoning: Residential

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Traditional
    • Property subtype: Quadruplex
    Materials
    • Aluminum Siding, Block, Concrete
    • Foundation: Block
    • Roof: Metal
    Condition
    • Year built: 1987

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Connected, Electricity Connected, Internet Connected, Sewer Connected, Water Connected, Propane, Separate Water Heater(s)

    Community & HOA

    Community
    • Subdivision: None
    Location
    • Region: Saranac Lake

    Financial & listing details

    • Price per square foot: $131/sqft
    • Tax assessed value: $249,000
    • Date on market: 10/17/2023
    • Listing agreement: Exclusive Right To Sell
    • Electric utility on property: Yes
    • Road surface type: Dirt

    Price history

    DateEventPrice
    12/18/2023Sold$455,000-4.2%$131/sqft
    Source: ACVMLS #200742 Report a problem
    10/25/2023Pending sale$475,000$137/sqft
    Source: ACVMLS #200742 Report a problem
    10/17/2023Listed for sale$475,000+216.7%$137/sqft
    Source: ACVMLS #200742 Report a problem
    3/25/1997Sold$150,000$43/sqft
    Source: Agent Provided Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $249,000
    2024-- $249,000
    2023-- $249,000
    2022-- $249,000
    2021-- $249,000
    2020-- $249,000
    2019-- $249,000
    2018-- $249,000
    2017-- $249,000
    2016-- $249,000
    2015-- $249,000
    2014-- $249,000
    2013-- $249,000 -6%
    2012-- $264,900 -17%
    2011-- $319,300
    2010-- $319,300 -6.3%
    2009-- $340,600
    2008-- $340,600
    2007-- $340,600
    2006-- $340,600 +127.1%
    2005-- $150,000
    Find assessor info on the county website

    Neighborhood: 12983

    Nearby schools

    GreatSchools rating