48 Old Lake Colby Road, Saranac Lake, NY 12983

Attention investors and dreamers alike–welcome to 48 Old Lake Colby Road, a charming old-style property that blends timeless character with exceptional income potential. Set back from the road, this inviting home immediately draws you in with its classic lines and warm, lived-in feel. Step inside the main house to discover two distinct living spaces–one upper and one lower–creating a flexible layout ideal for multi-generational living, owner-occupied rental, or a creative mix of long- and/or short-term income. Together, the main home offers four comfortable bedrooms and 2.5 baths, bathed in soft natural light that filters through well-placed windows. In the heart of the home, a welcoming fireplace anchors the living area, casting a gentle glow on cool evenings and infusing the space with a sense of coziness and calm. The rooms flow easily from one to the next, with nooks perfect for reading, working, or gathering with friends and family. Beyond the main residence, a separate cabin adds even more value and opportunity. Thoughtfully divided into two apartments–each with its own entrance, bedroom, bath, and living area–the cabin is currently fully rented and producing $875 per month. Tenants enjoy a sense of privacy and comfort, while you enjoy steady, reliable income from day one. Outside, imagine morning coffee in the crisp Adirondack air, the rustle of leaves, and the quiet of a tucked-away retreat that’s still conveniently close to town. Whether you’re seeking a personal home with built-in revenue, a pure investment, or a flexible property to grow with your needs, 48 Old Lake Colby Road delivers character, warmth, and possibility in equal measure. Seller will pay some of your closing costs as well.