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223+225 Neil Street, 
Saranac Lake, NY 12983

$459,900

—

Bed

—

Bath

3,687

Sq Ft

Multi-Family

Active

Listed by

Stephanie Mason

Mason Realty Team

914-772-3949

Last updated:

February 24, 2026, 01:57 PM

MLS#

206606

Source:

NY ACVMLS

About This Home

223+225 Neil Street

Rare multi-unit investment opportunity featuring two separate buildings on one property. The first building is a standalone single-family style home offering 3 bedrooms and 1.5 baths, providing flexible rental options or potential owner-occupant use. The second building consists of 3 units: 3/1, 2/1 and 1/1 (basement) The property currently generates $4,300/month in rental income, with clear upside potential as rents are below current market value. Separate layouts allow for diversified tenant mix and strong long-term cash flow potential. Ideal for investors seeking immediate income with room to increase returns over time. Fully rented.

Home Facts

Multi-Family

Built in 1920

Price Summary

459,900

$124 per Sq. Ft.

MLS #:

206606

Last Updated:

February 24, 2026, 01:57 PM

Added:

17 day(s) ago

Structure

Structure

Building Area:

3,687 Sq. Ft.

Year Built:

1920

Lot

Lot Size (Sq. Ft):

7,840

Finances & Disclosures

Finances

Price:

$459,900

Price per Sq. Ft:

$124 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.