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Saranac Lake See all listings

101 Margaret Street, Saranac Lake, NY 12983

$499,950

MLS# 206594

0.13 acres

2,673 sq. ft

Listing Courtesy of: Bob Miller Real Estate

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Dominika Earl

518-319-2801

[email protected]

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Overview

Proud to present this beautifully updated 3-unit rental property in immaculate, truly turnkey condition. Every unit has been thoughtfully renovated with modern finishes, stylish kitchens and baths, updated flooring, fresh paint, and quality fixtures throughout. The result is a clean, bright, and welcoming space tenants love — and an investment you can feel confident about.

This property offers:
1. Three well-maintained, income-producing units
2. Strong rental income of 72k+ per year gross in a high-demand area
3. Low-maintenance updates already completed
4. Excellent opportunity for income or affordable owner-occupants

Located in the heart of Saranac Lake, you’re just minutes from local shops, restaurants, outdoor recreation, and all the charm this Adirondack community is known for. Whether you’re looking to expand your portfolio or live in one unit while generating income from the others, this property checks all the boxes.

Details & Amenities

Listing Details

  • MLS #: 206594
  • Status: Active
  • Date Listed: 02-18-2026
  • Sq. Ft: 2,673
  • Acreage: 0.13
  • Seasonal Property: No
  • Listing Agent: Francis (Bob) Miller
  • Listing Courtesy of: Bob Miller Real Estate

Interior Features

  • Basement: Full
  • Heating Type: Electric, Hot Water, Oil
  • Air-conditioning Type: Heat Pump

Exterior & Lot Features

  • County: Franklin
  • Town: Saranac Lake
  • Township: Harrietstown
  • School District: Saranac Lake
  • Views: Neighborhood
  • Lot Features: City Lot
  • Lot Size Area: 0.13
  • Total Parking: 3
  • Patio & Porch Features: Glass Enclosed, Porch, Side Porch
  • Road Type: Paved
  • Sewer: Public Sewer

Building & Construction

  • Tax Map #: 447.61-10-10
  • Annual Taxes: $5,692
  • Year Built: 1907
  • Parking Features: Open
  • Exterior Siding: Wood Siding
  • Roof Type: Metal
  • Electric AMP: 200+ Amp Service
  • Water Source: Public
  • Architectural Style: Old Style
  • Home Levels: Tri-Level