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79 Franklin Avenue, 
Saranac Lake, NY 12983

$425,000


—

Bed


—

Bath


3,442

Sq Ft


Multi-Family

Active

Listed by

Chase Jermano

Tina Leonard Real Estate, LLC.

518-523-3224

Last updated:

November 4, 2026, 02:13 PM

MLS#

208647

Source:

NY ACVMLS

About This Home

79 Franklin Avenue

Updated 4-unit multifamily investment property in Saranac Lake, NY, about three blocks from Lake Flower. This quadriplex offers one 2-bedroom, 1-bath apartment and three 1-bedroom, 1-bath apartments. It's a strong fit for an investor building a rental portfolio or for a buyer who wants to live in one unit and rent out the other three. Each apartment has its own 100-amp electrical service on a separate meter. Electrical has been updated throughout, and most plumbing has been updated to PEX. The building also offers a new roof (2021), fresh paint throughout, an electric heat pump water heater, electric baseboard and wall fan heat, propane stoves, and wood floors throughout. Smoke detectors are connected to Mahoney Alarms, and a paved rear parking area holds 4+ cars. Apartment 1 is the 2-bedroom unit, with its own separate entrance, granite countertops and a washer/dryer hookup. Apartment 3 includes a washer and dryer as well as radiant floor heat in the bathroom. Apartment 4 is vacant and in the final stage of renovation. It has a washer and dryer and dimmable lighting, and a new kitchen countertop will be installed before closing, so it will be ready for a new tenant or an owner-occupant. The top-floor apartment offers views of Baker Mountain and a 3-season sun porch. Lake Flower is about two blocks away, and downtown Saranac Lake's restaurants and shops are less than half a mile away. This updated Saranac Lake quadriplex has income potential from day one.

Home Facts

Multi-Family

Built in 1930

Price Summary

425,000

$123 per Sq. Ft.

MLS #:

208647

Last Updated:

November 4, 2026, 02:13 PM

Added:

17 day(s) ago


Structure

Structure

Building Area:

3,442 Sq. Ft.

Year Built:

1930


Finances & Disclosures

Finances

Price:

$425,000

Price per Sq. Ft:

$123 per Sq. Ft.

Source:NY ACVMLS
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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.