A rare Adirondack investment opportunity -- two fully independent, income-producing homes, with a third high-potential revenue stream.
Each of the two residences features two bedrooms, one bathroom, a private hot tub, a lean-to, and a dedicated patio, with completely separate electric and septic systems. Both homes are being sold fully furnished. Wood-carved décor and artisan furnishings give each home an unmistakable character that sets them apart from cookie-cutter vacation rentals and commands the guest loyalty that drives repeat bookings.
The numbers speak clearly: combined Airbnb income has averaged over $90,000 per year across the last five years. That performance reflects a seasoned short-term rental operation with a proven track record.
A historic fire tower on the property is being sold as-is and is structurally complete -- the framework for something truly extraordinary is already in place. The next owner will have the opportunity to finish it to their own standard and launch it as a third short-term rental, one that is without comparison in the Adirondacks. There is nothing else like it on the market. A stay in a working fire tower above the tree line is the kind of experience guests will book months in advance, share widely, and return for. Virtual renderings of the completed fire tower and a pro forma projecting its income potential are included in the listing documents.
For an investor seeking a cash-flowing asset with documented income history, operational independence across units, and a genuine competitive moat, this property delivers on every front. The existing revenue provides a stable foundation; the fire tower introduces meaningful upside that is not yet reflected in the five-year average.
For sale
$849,000
5701 Nys Rte #86, Wilmington, NY 12997
--beds
0baths
1,582sqft
Triplex
Built in 2017
-- sqft lot
$-- Zestimate®
$537/sqft
$-- HOA
What's special
Fully furnishedOne bathroomArtisan furnishingsPrivate hot tubDedicated patioTwo bedrooms
- 20 days |
- 317 |
- 24 |
Zillow last checked:
Listing updated:
Listed by:
Real Broker NY, LLC 855-450-0442,
Gabrielle Neidlinger
Source: ACVMLS,MLS#: 207461
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Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Electric
Cooling
- Window Unit(s)
Appliances
- Included: Dishwasher, Free-Standing Electric Range, Microwave, Refrigerator, Washer/Dryer Stacked
Features
- Natural Woodwork
- Basement: Crawl Space
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 1,582
- Total interior livable area: 1,582 sqft
Video & virtual tour
Property
Parking
- Parking features: Open
- Has uncovered spaces: Yes
Features
- Patio & porch: Deck, Front Porch, Terrace
- Exterior features: Balcony, Fire Pit, Private Yard
- Has spa: Yes
- Spa features: Private
- Has view: Yes
- View description: Mountain(s), Panoramic, Trees/Woods
Lot
- Size: 1.6 Acres
Details
- Additional structures: Shed(s)
- Parcel number: 16.3226.000
- Zoning: Residential
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Adirondack,Cabin
- Property subtype: Triplex
Materials
- Wood Siding
- Foundation: Poured
Condition
- Year built: 2017
Utilities & green energy
- Sewer: Septic Tank
- Water: Private, Well
- Utilities for property: Electricity Connected, Internet Connected, Water Connected
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Fire Alarm
HOA
- Has HOA: No
Location
- Region: Wilmington
Financial & listing details
- Price per square foot: $537/sqft
- Tax assessed value: $407,000
- Annual tax amount: $5,086
- Date on market: 6/5/2026
- Listing agreement: Exclusive Right To Sell
- Lease term: Short Term Lease
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/5/2026 | Listed for sale | $849,000$537/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment$1,822
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 12997
Nearby schools
GreatSchools rating
- 6/10Lake Placid Elementary SchoolGrades: K-5Distance: 11.8 mi
- 6/10Lake Placid Junior Senior High SchoolGrades: 6-12Distance: 11 mi
A local agent can set up tours, give advice and negotiate with sellers.
- New York
- Essex County
- Wilmington
- 12997
- 5701 Nys Rte Unit 86





