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Lake Placid See all listings

245 Station Street, Lake Placid, NY 12946

$375,000

MLS# 203134

0.1 acres

1,800 sq. ft

Listing Courtesy of: The Reynolds Group of Lake Placid, LLC

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Portrait of Kelsey Cassidy

Kelsey Cassidy

518-524-7373

[email protected]

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Overview

This 1,800 sq. ft. well-built, multi-unit home offers exceptional potential in a sought-after Lake Placid location. Featuring 3 bedrooms and 3.5 baths, the property is currently configured as two separate apartments but can easily be converted back to a 3-unit building.

With three separate 200-amp electrical panels and individual electric water heaters, this fixer-upper provides flexibility for future updates or expansion. Another exciting option is the potential to host short-term rentals.

Perfectly positioned near the new Adirondack Rail Trail, Jewtraw Park, and the Chubb River, outdoor recreation is at your doorstep. Plus, several popular restaurants are just a short walk away, adding to the appeal of this income-generating property.

A fantastic opportunity to create a high-performing investment property in Lake Placid’s strong rental market!

Details & Amenities

Listing Details

  • MLS #: 203134
  • Status: Active
  • Date Listed: 09-27-2024
  • Sq. Ft: 1,800
  • Acreage: 0.1
  • Seasonal Property: No
  • Listing Agent: David Trahey
  • Listing Courtesy of: The Reynolds Group of Lake Placid, LLC

Interior Features

  • Basement: Concrete, Crawl Space, No Inside Entry
  • Heating Type: Baseboard, Electric
  • Air-conditioning Type: Ceiling Fan(s)

Exterior & Lot Features

  • County: Essex
  • Town: Lake Placid
  • Township: N Elba
  • School District: Lake Placid
  • Views: None
  • Lot Features: Many Trees, Rectangular Lot
  • Lot Size Area: 0.1
  • Patio & Porch Features: Front Porch
  • Road Type: Paved
  • Sewer: Public Sewer
  • Zoning Description: Mixed

Building & Construction

  • Tax Map #: 42.238-1-6.000
  • Annual Taxes: $1,127
  • Year Built: 1930
  • Exterior Siding: Vinyl Siding
  • Roof Type: Metal
  • Foundation Details: Poured, Stone
  • Electric AMP: 200+ Amp Service
  • Water Source: Public
  • Architectural Style: Old Style
  • Home Levels: Two