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171 Elm Street, 
Lake Placid, NY 12946

$795,000

5

Beds

4

Baths

3,600

Sq Ft

Single Family

Active

Listed by

Mark Adler

, 

Margie Philo

Adirondack Premier Properties Berkshire Hathaway Homeservice

518-523-3333

Last updated:

February 18, 2026, 11:53 AM

MLS#

206512

Source:

NY ACVMLS

About This Home

171 Elm Street

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.

Home Facts

Single Family

4 Baths

5 Bedrooms

Built in 1940

Price Summary

795,000

$220 per Sq. Ft.

MLS #:

206512

Last Updated:

February 18, 2026, 11:53 AM

Added:

a month ago

Rooms & Interior

Bedrooms

Total Bedrooms:

5

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4

Structure

Structure

Building Area:

3,600 Sq. Ft.

Year Built:

1940

Lot

Lot Size (Sq. Ft):

10,890

Finances & Disclosures

Finances

Price:

$795,000

Price per Sq. Ft:

$220 per Sq. Ft.

Source:NY ACVMLS
The information being provided by Adirondack Champlain Valley 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 Adirondack Champlain Valley 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.