Nicely maintained 4 unit apartment building outside of Saranac Lake. 3- 1 bedroom apartments and 1- 2 bedroom. Strong rental income and history with minimal expenses. 3 miles to Paul Smiths college, 7 miles to town.
Property grosses $46,800 a year
Owner is a Licensed Real Estate Agent
Sold for $370,000
$370,000
815 State Route 86, Gabriels, NY 12939
--beds
0baths
3,248sqft
Quadruplex
Built in 1945
-- sqft lot
$389,300 Zestimate®
$114/sqft
$1,468 Estimated rent
Home value
$389,300
Estimated sales range
Not available
$1,468/mo
Zestimate® history
Owner options
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$1,468/mo
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$1,468/mo
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$2,556/mo
Est. payment
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$2,556/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Christian Thomas,
Say Real Estate
Bought with:
Say Real Estate
Source: ACVMLS,MLS#: 203710
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Electric
Cooling
- None
Appliances
- Included: Free-Standing Electric Range, Free-Standing Refrigerator, Water Heater
- Laundry: None
Features
- Apartment
- Flooring: Carpet, Hardwood, Vinyl
- Basement: Block,Crawl Space,Exterior Entry,No Inside Entry
Interior area
- Total structure area: 3,248
- Total interior livable area: 3,248 sqft
Property
Parking
- Total spaces: 9
- Parking features: Asphalt
- Has carport: Yes
- Uncovered spaces: 8
Features
- Levels: Two
- Patio & porch: Front Porch
- Exterior features: Garden, Storage
- Pool features: None
- Spa features: None
Lot
- Size: 3.35 Acres
- Features: Back Yard
Details
- Parcel number: 397.119.200
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Old Style
- Property subtype: Quadruplex
Materials
- Wood Siding
- Foundation: Block, Stone
- Roof: Asphalt
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1945
Utilities & green energy
- Sewer: Engineered Septic
- Water: Well Dug
- Utilities for property: Electricity Connected
Community & neighborhood
Location
- Region: Gabriels
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: 1031 Exchange,Cash,Conventional,FHA,VA Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 5/20/2025 | Sold | $370,000-8.6%$114/sqft |
Source:  ACVMLS #203710 Report a problem | ||
| 5/2/2025 | Pending sale | $405,000$125/sqft |
Source: ACVMLS #203710 Report a problem | ||
| 1/27/2025 | Price change | $405,000-4.7%$125/sqft |
Source: ACVMLS #203710 Report a problem | ||
| 1/4/2025 | Listed for sale | $425,000$131/sqft |
Source: ACVMLS #203710 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $266,700 |
| 2024 | -- | $266,700 +74.5% |
| 2023 | -- | $152,800 |
| 2022 | -- | $152,800 |
| 2021 | -- | $152,800 |
| 2020 | -- | $152,800 |
| 2019 | -- | $152,800 |
| 2018 | -- | $152,800 |
| 2017 | $3,134 | $152,800 |
| 2016 | -- | $152,800 |
| 2015 | -- | $152,800 |
| 2014 | -- | $152,800 |
Find assessor info on the county website
Neighborhood: 12939
Nearby schools
GreatSchools rating
- 4/10Bloomingdale SchoolGrades: K-5Distance: 7.3 mi
- 7/10Saranac Lake Middle SchoolGrades: 6-8Distance: 7.3 mi
- 6/10Saranac Lake Senior High SchoolGrades: 9-12Distance: 7.3 mi
- New York
- Franklin County
- Saranac Lake
- 12939
- 815 State Route 86
Nearby cities
Nearby zip codes
Other Saranac Lake Topics
