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Lake Placid See all listings
171 Elm Street, Lake Placid, NY 12946
$795,000
MLS# 206512
5 bed
4 bath
0.25 acres
3,600 sq. ft
Listing Courtesy of: Adirondack Premier Properties Berkshire Hathaway HomeService
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Overview
An exceptional real estate investment opportunity of a 4-family home. Includes a two-bedroom apt., a one-bedroom apt., a studio apt and a separate resort quality one-bedroom cottage. $4,600 current
monthly rental income. The property has been completely renovated inside and out, including new kitchens, bathrooms and flooring. Ideally located within walking distance to the Olympic Village and restaurants. Potential to operate as a Hosted short term rental property which would require an approved permit. 48-hour notice required for all showings.
Details & Amenities
Listing Details
- MLS #: 206512
- Status: Active
- Date Listed: 02-02-2026
- Bedrooms: 5
- Bathrooms: 4
- Sq. Ft: 3,600
- Acreage: 0.25
- Seasonal Property: No
- Listing Agent: Mark Adler
- Listing Courtesy of: Adirondack Premier Properties Berkshire Hathaway HomeService
Interior Features
- Bathrooms – Full: 4
- Total Fireplaces: 1
- Fireplace Features: Living Room
- Basement: Full, Unfinished
- Heating Type: Baseboard, Electric
- Air-conditioning Type: None
Exterior & Lot Features
- Area: None
- County: Essex
- Town: Lake Placid
- School District: Lake Placid
- Views: Neighborhood
- Garage Spaces: 1
- Lot Features: Few Trees, Landscaped, Many Trees
- Lot Size Area: 0.25
- Lot Size Dimensions: .25
- Total Parking: 5
- Road Type: Paved
- Body of Water : None
- Zoning Description: Residential
Building & Construction
- Tax Map #: 42.157-3-10.000
- Annual Taxes: $8,065
- Year Built: 1940
- Parking Features: Deck, Driveway, No Garage, Paved
- Exterior Siding: Wood Siding
- Roof Type: Metal
- Foundation Details: Poured
- Electric AMP: 200+ Amp Service
- Architectural Style: Adirondack, Colonial
- Home Levels: Three Or More
- Window Features: Insulated Windows
