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40 Meadow Lane, 
Champlain, NY 12919

$525,000


26

Beds


13

Baths


10,400

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Alec Wright

Inglenook Realty Inc

1 518-882-6236

Last updated:

May 15, 2026, 02:31 PM

MLS#

202615831

Source:

Global MLS

About This Home

40 Meadow Lane

Champlain Mobile Home Park | 13 Units | 11.94% Cap Rate | Value-Add Opportunity -Motivated Seller- Positioned in the stable and affordable housing market of Champlain, this 13-unit mobile home park presents a compelling opportunity for investors seeking strong in-place cash flow with upside potential. Currently operating at 85% occupancy, the property offers immediate income with the ability to increase revenue through lease-up and operational efficiencies. With an attractive 11.94% cap rate, this asset delivers strong returns from day one. This community benefits from rare, highly desirable infrastructure, including: Town-maintained roads for reduced maintenance responsibility Public water and public sewer (no well/septic headaches) Natural gas availability All sites improved with 16x76 Alaskan slabs, minimizing future capital expenditures The combination of municipal utilities and quality site improvements significantly lowers operational risk while enhancing long-term durability--features highly sought after by experienced mobile home park investors. With below-market operational optimization potential, investors can further increase NOI by: Bringing occupancy to 100% Adjusting lot rents to market levels Streamlining management Located near the Canadian border and key regional employment corridors, Champlain continues to benefit from steady demand for affordable housing. Investment Highlights 13 Total Units 85% Occupied (Value-Add Upside) 11.94% Cap Rate Public Water & Sewer Natural Gas Town Roads 16x76 Alaskan Slabs on All Lots Low Maintenance Infrastructure. Property is 2 separate tax Parcels that must be sold together:18.15-6-17.3

Home Facts

Multi-Family

13 Baths

26 Bedrooms

Built in 1986

Price Summary

525,000

$50 per Sq. Ft.

MLS #:

202615831

Last Updated:

May 15, 2026, 02:31 PM

Added:

21 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

26

Bathrooms

Total Bathrooms:

13

Full Bathrooms:

13

Interior

Living Area:

10,400 Sq. Ft.


Structure

Structure

Building Area:

10,400 Sq. Ft.

Year Built:

1986


Lot

Lot Size (Sq. Ft):

65,340


Finances & Disclosures

Finances

Price:

$525,000

Price per Sq. Ft:

$50 per Sq. Ft.

Source:Global MLS
The information being provided by Global MLS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified.  © 2026 Global MLS All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.