Well-maintained 4 unit multi-family/apartment building with 1 car garage with additional storage space, and 4 separate locked storage units in the back of the garage. All 4 apartments consist of 2 bedrooms, 1 full bath, clothes washer and clothes dryer, water heater, and separate electric meters. Additionally, each apartment comes furnished, each unit has a covered deck out the back via a sliding door from 1 of the 2 bedrooms, and there are 8 parking spaces to accommodate 2 cars per apartment. Common areas include perennial gardens, side fencing, large backyard with deck and a barbeque. A serene setting including a brook in the back. There is also a lovely public park directly across the street. The property is conveniently located walking distance to the Main Street shops and restaurants, or to visit the Olympic Center, the public beach on Mirror Lake and more! Great investment with 4 leases in place.
Sold for $740,000
$740,000
48 McKinley St, Lake Placid, NY 12946
--beds
0baths
3,056sqft
Quadruplex
Built in 2004
-- sqft lot
$780,700 Zestimate®
$242/sqft
$2,158 Estimated rent
Home value
$780,700
Estimated sales range
Not available
$2,158/mo
Zestimate® history
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$4,948/mo
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Zillow last checked:
Listing updated:
Listed by:
Mark Adler,
Adirondack Premier Properties Berkshire Hathaway HomeService
Bought with:
Brandon k Montag, 10401336649
The Reynolds Group of Lake Placid, LLC
Source: ACVMLS,MLS#: 204269
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Baseboard, Electric
Cooling
- Ceiling Fan(s)
Appliances
- Included: Dishwasher, Dryer, Electric Range, Free-Standing Electric Oven, Microwave, Refrigerator, Washer
- Laundry: In Unit
Features
- Apartment
- Flooring: Carpet, Laminate, Tile
- Basement: Crawl Space,Dirt Floor,Exterior Entry,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 3,056
- Total interior livable area: 3,056 sqft
Property
Parking
- Total spaces: 9
- Parking features: Asphalt, Driveway, Garage Faces Front, Off Street, Parking Lot, Paved
- Garage spaces: 1
- Uncovered spaces: 8
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Rear Porch
- Exterior features: Balcony, Barbecue, Lighting, Outdoor Grill, Storage
- Fencing: Privacy,Vinyl
- Has view: Yes
- View description: Mountain(s), Neighborhood
Lot
- Size: 0.63 Acres
- Features: Back Yard, Cleared, Few Trees, Front Yard, Garden, Level, Paved, Views
- Topography: Level
Details
- Additional structures: Garage(s), Storage
- Parcel number: 42.22223.100
- Zoning: Residential
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Aluminum Siding, Asphalt
- Roof: Asphalt,Shingle
Condition
- Year built: 2004
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Internet Connected, Sewer Connected, Water Connected, Separate Water Heater(s)
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
HOA
- Has HOA: No
Location
- Region: Lake Placid
Financial & listing details
- Price per square foot: $242/sqft
- Tax assessed value: $317,000
- Annual tax amount: $4,252
- Date on market: 6/29/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: 1031 Exchange,Cash,Conventional
- Lease term: Short Term Lease
- Tenant pays: Cable TV
- Electric utility on property: Yes
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 10/10/2025 | Sold | $740,000-1.2%$242/sqft |
Source:  ACVMLS #204269 Report a problem | ||
| 8/8/2025 | Pending sale | $749,000$245/sqft |
Source: ACVMLS #204269 Report a problem | ||
| 6/29/2025 | Listed for sale | $749,000$245/sqft |
Source: ACVMLS #204269 Report a problem | ||
| 5/20/2025 | Listing removed | $749,000$245/sqft |
Source: BHHS broker feed #204269 Report a problem | ||
| 5/8/2025 | Price change | $749,000-11.8%$245/sqft |
Source: ACVMLS #204269 Report a problem | ||
| 4/13/2025 | Listed for sale | $849,000$278/sqft |
Source: ACVMLS #204269 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 12946
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Nearby schools
GreatSchools rating
- 5/10Lake Placid Elementary SchoolGrades: K-5Distance: 0.6 mi
- 6/10Lake Placid Junior Senior High SchoolGrades: 6-12Distance: 0.3 mi
- New York
- Essex County
- Lake Placid
- 12946
- 48 McKinley St
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