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Wilmington See all listings

5732&5734 NYS Route 86, Wilmington, NY 12997

$380,000

MLS# 206376

1.01 acres

3,104 sq. ft

Listing Courtesy of: Coldwell Banker Whitbeck Assoc-Saranac Lake

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Portrait of Jack Favro

Jack Favro

518-637-8169

[email protected]

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Overview

Unlock the ultimate Adirondack investment at 5732-5734 NYS Rte 86. Boasting approximately 150 feet of pristine Ausable River frontage, this 5-unit complex is a powerhouse for recreation-based income. Located just 5 minutes from Whiteface Mountain Ski Resort and 15 minutes from Lake Placid, this is a premier location for a boutique lodge or a high-performing Short-Term Rental (STR) conversion.

Investment Highlights:

Unrivaled Location: World-class fly fishing in the backyard and Olympic-grade skiing down the road.

Diverse Asset Mix: Includes four efficient units plus a detached single-family home, perfect for an on-site manager or premium vacation rental.

Separately Metered: Utilities are independent per unit, optimizing operational overhead.

Income: Currently generating $4,525/month with significant upside potential in the seasonal hospitality market.

For the investor looking to capitalize on the Adirondack tourism boom, this riverfront property offers the rare combination of high-demand location and versatile development potential.

Details & Amenities

Listing Details

  • MLS #: 206376
  • Status: Active
  • Date Listed: 12-24-2025
  • Sq. Ft: 3,104
  • Acreage: 1.01
  • Seasonal Property: No
  • Listing Agent: Jack Newberry
  • Listing Courtesy of: Coldwell Banker Whitbeck Assoc-Saranac Lake

Interior Features

  • Heating Type: Electric

Exterior & Lot Features

  • County: Essex
  • Town: Wilmington
  • School District: Lake Placid
  • Views: River
  • Lot Size Area: 1.01
  • Road Type: Paved
  • Sewer: Septic Tank
  • Body of Water : Ausable River
  • Waterfront Features: River Access

Building & Construction

  • Tax Map #: 26.6-5-12.000
  • Annual Taxes: $6,589
  • Year Built: 1935
  • Parking Features: On Site
  • Roof Type: Shingle
  • Water Source: Public
  • Features: Apartments