Multi-Family Homes & Income Properties for Sale

Merrill. L. Thomas, Inc. offers a variety of multi-family investment opportunities throughout the Adirondack Region, including apartment rentals and more. Saranac Lake and Lake Placid, in particular, provide a number of options to buyers looking for a long-term investment in rentals, or land ripe for residential development. Current properties have historically maintained successful track records as both apartment and vacation rentals. Make sure you check back frequently as new properties hit the market or contact us to receive the latest updates.

Affordable three-bedroom home located in the heart of the Village of Lake Placid - an easy walk to all downtown amenities.  And this home also includes a quaint upper-level one bedroom apartment to...
MLS #159267 |  Listed at $219,000
A well maintained 18 unit apartment building located on a half acre. Leases in place for all 18 units with a monthly rent roll of $9300.00. Coin operated laundry room and security system are some of the...
MLS #144496 |  Listed at $490,000
Remarkable home in the desirable Hillcrest section of Lake Placid, walking distance to Main Street. 4 bedrooms, 2 baths plus 1 bed/bath apartment in immaculate condition, on a double building lot with...
MLS #158261 |  Listed at $550,000
New construction four unit luxury residential rental property located in the center of lake Placid adjacent to the Olympic Center. Unit #1 includes 4 bedrooms with 3.5 baths, full kitchen, game room, wet bar...
MLS #158402 |  Listed at $995,000