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5701 Nys Route 86, 
Wilmington, NY 12997

$849,000


—

Bed


—

Bath


1,582

Sq Ft


Multi-Family

Active

Listed by

Gabrielle Neidlinger

Real Broker Ny, LLC.

855-450-0442

Last updated:

October 6, 2026, 07:11 PM

MLS#

207461

Source:

NY ACVMLS

About This Home

5701 Nys Route 86

A rare Adirondack investment opportunity -- two fully independent, income-producing homes, with a third high-potential revenue stream. Each of the two residences features two bedrooms, one bathroom, a private hot tub, a lean-to, and a dedicated patio, with completely separate electric and septic systems. Both homes are being sold fully furnished. Wood-carved décor and artisan furnishings give each home an unmistakable character that sets them apart from cookie-cutter vacation rentals and commands the guest loyalty that drives repeat bookings. The numbers speak clearly: combined Airbnb income has averaged over $90,000 per year across the last five years. That performance reflects a seasoned short-term rental operation with a proven track record. A historic fire tower on the property is being sold as-is and is structurally complete -- the framework for something truly extraordinary is already in place. The next owner will have the opportunity to finish it to their own standard and launch it as a third short-term rental, one that is without comparison in the Adirondacks. There is nothing else like it on the market. A stay in a working fire tower above the tree line is the kind of experience guests will book months in advance, share widely, and return for. Virtual renderings of the completed fire tower and a pro forma projecting its income potential are included in the listing documents. For an investor seeking a cash-flowing asset with documented income history, operational independence across units, and a genuine competitive moat, this property delivers on every front. The existing revenue provides a stable foundation; the fire tower introduces meaningful upside that is not yet reflected in the five-year average. This parcel offers subdivision potential, subject to approval.

Home Facts

Multi-Family

Built in 2017

Price Summary

849,000

$536 per Sq. Ft.

MLS #:

207461

Last Updated:

October 6, 2026, 07:11 PM

Added:

4 month(s) ago


Structure

Structure

Building Area:

1,582 Sq. Ft.

Year Built:

2017


Lot

Lot Size (Sq. Ft):

69,696


Finances & Disclosures

Finances

Price:

$849,000

Price per Sq. Ft:

$536 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.