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.
Situated in a quiet neighborhood within the scenic Adirondack Park, discover the potential of 16 Broad Lane, a spacious property nestled in the heart of AuSable Forks. Whether you are looking for a primary residence with 'mortgage helper' income or a grand project to restore into a stately single-family home, this property offers the floor plan and location to make it happen.
Located just 20 minutes to the slopes of Whiteface Ski Resort and a short 30-minute drive to the amenities of Plattsburgh or the charm of Lake Placid.
Currently configured as three separate units, the layout provides incredible flexibility. Live in the spacious 2-bedroom main unit while the other two units pay your taxes and insurance, or take advantage of the existing structure to create a large, cohesive family home with room for a home office, hobby studio, and guest wing.
Bring your vision to this Adirondack gem and create the lifestyle you've been dreaming of.
Maximize your portfolio with this turnkey three-unit income property located in the strategic hub of AuSable Forks. Positioned just 20 minutes from Whiteface Mountain and 30 minutes from Lake Placid, this property offers a rare combination of immediate cash flow and significant appreciation potential.
Unit 1: 2 BR / 1 BA | Leased at $1,225/mo
Unit 2: 2 BR / 1 BA | Month-to-Month at $500/mo (Value-add opportunity)
Unit 3: Studio | Month-to-Month at $600/mo
Total Gross Monthly Income: $2,325
With two units currently on month-to-month agreements, an investor has the immediate flexibility to adjust rents to market rates or pivot to a Short-Term Rental (STR) model. Given the proximity to world-class skiing and ironman events, the demand for seasonal vacation rentals in this corridor remains consistently high. Whether you are looking for a stable long-term hold or a high-cap rate Airbnb conversion, 16 Broad Lane is a versatile asset in a prime Adirondack location.
Welcome to this inviting 2-bed/2-bath home offering approximately 1,000 square feet of comfortable living space. This home features an open layout with the living room flowing seamlessly into the kitchen and out to the back yard, perfect for entertaining or relaxing after a day on the water. The primary bedroom features an en-suite bathroom, providing added convenience and privacy. A versatile bonus room offers flexible use as a home office, guest space, or reading room, making this home adaptable to a variety of lifestyle needs. Step outside to enjoy the fenced-in backyard, ideal for pets, outdoor gatherings, or relaxing in a private setting.
Set on a spacious lot with deeded water access, this property offers easy enjoyment of lake activities including boating, swimming, kayaking along the Adirondack Coast and Lake Champlain. Whether you're searching for a full-time residence, weekend retreat, or income-producing investment, this property delivers flexibility, location, and lifestyle appeal.
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.