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Contact Information
Matt Backus
Backus Real Estate
166 East Main Street
Chateaugay
NY
12920
518-497-7030
Office
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Listing Details
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List Price:
$380,000
Property Status:
Active
MLS Number:
206377
Property Sub Type:
Quadruplex
Total SqFt:
3569
Lot Size Acres:
1.01
Address:
5732&5734 NYS Route 86, Wilmington, NY 12997
Subdivision:
City:
Wilmington
County:
Essex
Accessibility Features:
Appliances:
Electric Cooktop, Electric Oven, Refrigerator
Architectural Style:
Basement:
Full, Partially Finished, Storage Space, Unfinished, Walk-Out Access
Carport YN:
Carport Spaces:
Construction Materials:
Cooling YN:
Cooling:
Covered Spaces:
Directions:
Door Features:
Electric:
Exterior Features:
Balcony, Dock, Garden, Private Yard
Fencing:
Fireplace YN:
No
Fireplace Features:
Fireplaces Total:
Flooring:
Carpet, Laminate, Luxury Vinyl, Varies, Wood
Foundation Details:
Frontage Type:
River
Garage YN:
No
Attached Garage YN:
No
Garage Spaces:
0
Green Energy Generation:
Heating YN:
Yes
Heating:
Electric, Propane
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High School District:
Lake Placid
Interior Features:
Apartment
Laundry Features:
Lease Term:
Property is available to rent STR with local restrictions and permitting
Levels:
Latitude:
44.38889
Longitude:
-73.818259
Lot Features:
Back Yard, City Lot, Few Trees, Garden, Views, Waterfront
Lot Size Dimensions:
Lot Size Square Feet:
43995.6
MLS Area Major:
Jay, Wilmington
New Construction YN:
Open Parking YN:
Yes
Open Parking Spaces:
Parking Features:
Off Street, On Site, Private
Parking Total:
Other Structures:
Patio And Porch Features:
Patio, Porch
Pool Features:
Road Frontage Type:
State Road
Road Surface Type:
Paved
Roof:
Asphalt, Shingle
Security Features:
Senior Community YN:
Sewer:
Septic Tank
Stories Total:
2
Structure Type:
Multi Family
Township:
Wilmington
Utilities:
Electricity Connected, Propane, Water Connected
Water Body Name:
Ausable River
Water Source:
Public
Waterfront YN:
Yes
Waterfront Features:
River Access
Window Features:
Year Built:
1935
Virtual Tour URL Unbranded:
Public Remarks:
Secure a high-occupancy residential asset in the Adirondacks' most sought-after recreation corridor. This 5-unit multi-family property in Wilmington offers a unique lifestyle draw for tenants: private river access paired with a location only 5 minutes from the base of Whiteface Mountain.
Property Breakdown:
Composition: (4) 1BR/1BA apartments plus (1) 1BR/1BA detached single-family residence.
Total Gross Income: $4, 525 per month.
Owner-Friendly Mechanics: All units feature separately metered utilities, keeping owner expenses predictable and low.
The 'Wilmington Edge': Demand in this area is driven by its 15-minute proximity to Lake Placid and its status as a mountain biking and skiing mecca.
Whether you are looking for a stable long-term hold or a 'house-hack' where you live in the riverfront cottage while the four units pay your mortgage, 5732-5734 NYS Rte 86 is a rare find in a supply-constrained market.
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Listing Office Office Name: Coldwell Banker Whitbeck Assoc-Saranac Lake
Listing Office Office Phone: 518-418-2222
© by the Adirondack-Champlain Valley Multiple Listing Service, Inc.