5732 5734 Nys Route 86
Listing Notes
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.
Price in context
Cheaper than 40% of the 10 homes listed nearby right now, which run $225,000 to $529,000.
See all 10 nearby listings
| Address | Asking | Size |
|---|---|---|
| Outlook Ln | $225,000 | — |
| Wilderness Way Lot 3 | $225,000 | — |
| Hardy Rd Lot 2 | $229,000 | — |
| Whiteface Mt Memorial Hwy Lot 4 | $299,000 | — |
| 6 Quaker Mountain Rd | $309,995 | 3 bd · 1 ba |
| 5413 New York 86 | $350,000 | 2 bd · 1 ba |
| 6025 New York 86 | $395,000 | 3 bd · 1 ba |
| 5957 New York 86 | $399,000 | 6 bd · 10 ba |
| 11 Lakeview Terrace Ln | $499,000 | 3 bd · 2 ba |
| 1032 Bonnie View Rd | $529,000 | 3 bd · 2 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more