5701 NYS Route 86 Wilmington, NY 12997
1,582 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,582 sqft
Price per Sqft $536
MLS Listing ID 207461
Style Adirondack,Cabin
Year Built 2017
Annual Tax Amount $5,086
Lot Size 1.600 Acres
Acres 1.6
Property Sub-Type Triplex
Source Adirondack-Champlain Valley MLS
Property Description
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.
Location
State NY
County Essex
Zoning Residential
Rooms
Basement Crawl Space
Interior
Interior Features Natural Woodwork
Heating Electric
Cooling Window Unit(s)
Appliance Dishwasher, Free-Standing Electric Range, Microwave, Refrigerator, Washer/Dryer Stacked
Exterior
Exterior Feature Balcony, Fire Pit, Private Yard
Utilities Available Electricity Connected, Internet Connected, Water Connected
View Mountain(s), Panoramic, Trees/Woods
Porch Deck, Front Porch, Terrace
Building
Foundation Poured
Sewer Septic Tank
Water Private, Well
Architectural Style Adirondack, Cabin
Structure Type Wood Siding
Schools
School District Lake Placid
Others
Senior Community No
Tax ID 16.3-2-26.000
Security Features Carbon Monoxide Detector(s),Fire Alarm
Virtual Tour https://youtu.be/O1ckaBsmgc8