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137 Charles St, Saranac Lake, NY, 12983

--beds
0baths
3,060sqft
$389,000
$127price/sqft
$3,329/moest. monthly cost
$133,160/yrincome needed

About This Home

Wonderfully renovated and well maintained 3 unit apartment building producing great income for investors. Tenants pay the utilities. Plenty of off street parking. Desirable location close to downtown, schools, parks and lakes. Don't miss out on this established revenue generator and please give at least 24 hour notice for showings.

Getting Around

70
WalkingSomewhat Walkable
0
TransitVery Limited Transit
28
BikeSomewhat Bikeable

Schools

4/10
7/10
6/10

Construction

Condition

  • Property condition: Updated/Remodeled
  • Year built: 1910

Materials

  • Foundation: Poured
  • Roof: Asphalt
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Triplex

Interior

Appliances

  • Appliances included: Dryer,Electric Oven,Electric Range,Electric Water Heater,Refrigerator,Washer

Basement

  • Basement: Crawl Space

Features

  • Apartment,High Speed Internet
  • Window features: Double Pane Windows,Insulated Windows

Heating & Cooling

  • Heating features: Baseboard,Electric,Propane
  • Cooling features: None

Interior Area

  • Total structure area: 3,060
  • Total interior livable area: 3,060 sqft

Property

Details

  • Parcel number: 446.68314
  • Zoning: Residential

Features

  • Levels: Two
  • Exterior features: Lighting
  • Has view: Yes
  • View description: Neighborhood
  • Topography of land: Level

Lot

  • Lot size: 7,840 sqft
  • Features: Few Trees,Level,Many Trees
  • Lot size dimensions: .18

Parking

  • Total spaces: 6
  • Parking features: No Garage
  • Has uncovered spaces: Yes
  • Uncovered spaces: 6

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Inland Flooding
Lightning
Winter Weather

FEMA Declared Disasters in Franklin County and New York

Flood
Hurricane
Severe Storm
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,966$23,592
Home Insurance *$388$4,656
Property Taxes $470$5,640
Electricity $505$6,068
Total$3,329$39,948
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$114,137/yr
40% on housing$99,870/yr
45% on housing$88,773/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 4.3%
4.3%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -2.1%
-2.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$127This listing

vs Other Active Listings

Avg $/sqft

ZIP 12983$290
Franklin County$187

vs Homes Sold Last Month

Median $/sqft

ZIP 12983
Franklin County$117

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2024-04-06Price change$389,000
2023-10-24Listed for sale$395,000
2023-10-17Listing removed--
2023-09-16Price change$395,000
2023-08-29Listed for sale$399,000
2023-07-14Listing removed--
2023-07-03Price change$399,000
2023-03-31Listed for sale$415,000
2022-12-16Listing removed--
2022-09-24Pending sale$395,000
2022-09-23Listed for sale$395,000
2022-09-22Pending sale$395,000
2022-09-15Listed for sale$395,000
2021-04-26Sold$295,000
2021-02-21Pending sale$310,000
2021-01-22Price change$310,000
2020-12-28Listed for sale$320,000
2020-12-23Pending sale$320,000
2020-09-08Listed for sale$320,000

For Sale by Agent

AgentKarina Lombart
BrokerageAdirondack Premier Properties Berkshire Hathaway HomeService

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