# 9 River Street, Saranac Lake, NY 12983

> **TL;DR:** commercial, $1,200,000 ($176/sqft), built 1880, 6,811 sqft.
> View, Hardwood. Est. $6,418/mo. Listed 183 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,200,000 |
| Price/sqft | $176 |
| Square Feet | 6,811 |
| Year Built | 1880 |
| Lot Size | 11,761 sqft (0.27 acres) |
| Property Type | Commercial (Other) |
| Status | Pending |
| Days on Market | 183 |

## Why This Home Stands Out

- **Views** - Park
- **Hardwood Floors** - Hardwood flooring listed

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $6,068 |
| Estimated Insurance | $350 |
| **Total** | **$6,418** |

## Key Amenities

- View
- Hardwood

## Property Highlights

- Built in 1880
- 0.27 acre lot

## Description

### Agent Description
Situated directly across from Lake Flower and Riverside Park, this 9-unit multifamily delivers immediate cash flow with significant upside. Current gross income is $11,650/month with rents running below market. The next owner inherits a stabilized asset and a clear path to forced appreciation. Unit 1 was recently renovated, establishing a proven value-add template for the portfolio. Units 5 and 7 offer private shared balcony access with stunning lake and mountain views. Unit 7, the owner's suite, features 3 beds, 2 baths, a Jacuzzi tub, skylights, wood stove fireplace, custom kitchen, and in-unit laundry. Most tenants cover their own utilities, keeping operating expenses lean and boosting net returns. Coin-operated basement laundry generates additional ancillary income. An on-site property manager resides in the building at reduced rent. Extensive foundation work was completed by the prior owner, reducing near-term capital risk. Riverside Park steps from the front door hosts free live music and a weekly farmers market during the warmer months adding genuine lifestyle value that supports tenant retention and attracts quality renters. Four-season tourism demand, protected land supply, a tight rental market, and a high cap rate make this a compelling long-term hold.

## Location

- **Address:** 9 River Street, Saranac Lake, NY 12983
- **County:** Franklin
- **Coordinates:** 44.32525, -74.131152
- **Google Maps:** https://www.google.com/maps?q=44.32525,-74.131152

## Listing Agent

- **Name:** Chase Jermano
- **Brokerage:** Tina Leonard Real Estate
- **Broker Phone:** 5185233224
- **Listing URL:** [View original listing](http://www.usamls.net/adirondack-champlainvalley/?mls_number=207102&content=expanded&this_format=0)

## Photos

![9 River Street - Photo 1](http://lh.rdcpix.com/5e862aa5b54605ea5b9b56fb1921925el-f1203240819r.jpg)

![9 River Street - Photo 2](http://lh.rdcpix.com/5e862aa5b54605ea5b9b56fb1921925el-f351134494r.jpg)

![9 River Street - Photo 3](http://lh.rdcpix.com/5e862aa5b54605ea5b9b56fb1921925el-f2133029532r.jpg)

![9 River Street - Photo 4](http://lh.rdcpix.com/5e862aa5b54605ea5b9b56fb1921925el-f206518264r.jpg)

![9 River Street - Photo 5](http://lh.rdcpix.com/5e862aa5b54605ea5b9b56fb1921925el-f3557449793r.jpg)

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![9 River Street - Photo 7](http://lh.rdcpix.com/5e862aa5b54605ea5b9b56fb1921925el-f612621939r.jpg)

![9 River Street - Photo 8](http://lh.rdcpix.com/5e862aa5b54605ea5b9b56fb1921925el-f101384986r.jpg)

![9 River Street - Photo 9](http://lh.rdcpix.com/5e862aa5b54605ea5b9b56fb1921925el-f533488245r.jpg)

![9 River Street - Photo 10](http://lh.rdcpix.com/5e862aa5b54605ea5b9b56fb1921925el-f795997663r.jpg)

![9 River Street - Photo 11](http://lh.rdcpix.com/5e862aa5b54605ea5b9b56fb1921925el-f3679310592r.jpg)

![9 River Street - Photo 12](http://lh.rdcpix.com/5e862aa5b54605ea5b9b56fb1921925el-f507050162r.jpg)

![9 River Street - Photo 13](http://lh.rdcpix.com/5e862aa5b54605ea5b9b56fb1921925el-f3737048701r.jpg)

![9 River Street - Photo 14](http://lh.rdcpix.com/5e862aa5b54605ea5b9b56fb1921925el-f4171381337r.jpg)

![9 River Street - Photo 15](http://lh.rdcpix.com/5e862aa5b54605ea5b9b56fb1921925el-f2534698188r.jpg)

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![9 River Street - Photo 17](http://lh.rdcpix.com/5e862aa5b54605ea5b9b56fb1921925el-f3237917429r.jpg)

![9 River Street - Photo 18](http://lh.rdcpix.com/5e862aa5b54605ea5b9b56fb1921925el-f4063124464r.jpg)

![9 River Street - Photo 19](http://lh.rdcpix.com/5e862aa5b54605ea5b9b56fb1921925el-f1167569148r.jpg)

![9 River Street - Photo 20](http://lh.rdcpix.com/5e862aa5b54605ea5b9b56fb1921925el-f1567411323r.jpg)

![9 River Street - Photo 21](http://lh.rdcpix.com/5e862aa5b54605ea5b9b56fb1921925el-f3842386572r.jpg)

![9 River Street - Photo 22](http://lh.rdcpix.com/5e862aa5b54605ea5b9b56fb1921925el-f2213876702r.jpg)

![9 River Street - Photo 23](http://lh.rdcpix.com/5e862aa5b54605ea5b9b56fb1921925el-f3267515242r.jpg)

![9 River Street - Photo 24](http://lh.rdcpix.com/5e862aa5b54605ea5b9b56fb1921925el-f3640357778r.jpg)

![9 River Street - Photo 25](http://lh.rdcpix.com/5e862aa5b54605ea5b9b56fb1921925el-f4250869298r.jpg)

![9 River Street - Photo 26](http://lh.rdcpix.com/5e862aa5b54605ea5b9b56fb1921925el-f3885399174r.jpg)

![9 River Street - Photo 27](http://lh.rdcpix.com/5e862aa5b54605ea5b9b56fb1921925el-f2527171986r.jpg)

![9 River Street - Photo 28](http://lh.rdcpix.com/5e862aa5b54605ea5b9b56fb1921925el-f1131633042r.jpg)

![9 River Street - Photo 29](http://lh.rdcpix.com/5e862aa5b54605ea5b9b56fb1921925el-f3711924736r.jpg)

![9 River Street - Photo 30](http://lh.rdcpix.com/5e862aa5b54605ea5b9b56fb1921925el-f1613972225r.jpg)

![9 River Street - Photo 31](http://lh.rdcpix.com/5e862aa5b54605ea5b9b56fb1921925el-f2525349276r.jpg)

![9 River Street - Photo 32](http://lh.rdcpix.com/5e862aa5b54605ea5b9b56fb1921925el-f3524092659r.jpg)

![9 River Street - Photo 33](http://lh.rdcpix.com/5e862aa5b54605ea5b9b56fb1921925el-f3126994793r.jpg)

![9 River Street - Photo 34](http://lh.rdcpix.com/5e862aa5b54605ea5b9b56fb1921925el-f1941395818r.jpg)

![9 River Street - Photo 35](http://lh.rdcpix.com/5e862aa5b54605ea5b9b56fb1921925el-f1529649139r.jpg)

![9 River Street - Photo 36](http://lh.rdcpix.com/5e862aa5b54605ea5b9b56fb1921925el-f715518998r.jpg)

![9 River Street - Photo 37](http://lh.rdcpix.com/5e862aa5b54605ea5b9b56fb1921925el-f3004216977r.jpg)

![9 River Street - Photo 38](http://lh.rdcpix.com/5e862aa5b54605ea5b9b56fb1921925el-f729378619r.jpg)

![9 River Street - Photo 39](http://lh.rdcpix.com/5e862aa5b54605ea5b9b56fb1921925el-f3813806886r.jpg)

![9 River Street - Photo 40](http://lh.rdcpix.com/5e862aa5b54605ea5b9b56fb1921925el-f3594263320r.jpg)

![9 River Street - Photo 41](http://lh.rdcpix.com/5e862aa5b54605ea5b9b56fb1921925el-f1636203947r.jpg)

![9 River Street - Photo 42](http://lh.rdcpix.com/5e862aa5b54605ea5b9b56fb1921925el-f4023673763r.jpg)

![9 River Street - Photo 43](http://lh.rdcpix.com/5e862aa5b54605ea5b9b56fb1921925el-f965935034r.jpg)

![9 River Street - Photo 44](http://lh.rdcpix.com/5e862aa5b54605ea5b9b56fb1921925el-f449810848r.jpg)

![9 River Street - Photo 45](http://lh.rdcpix.com/5e862aa5b54605ea5b9b56fb1921925el-f3614275086r.jpg)

![9 River Street - Photo 46](http://lh.rdcpix.com/5e862aa5b54605ea5b9b56fb1921925el-f3796606772r.jpg)

![9 River Street - Photo 47](http://lh.rdcpix.com/5e862aa5b54605ea5b9b56fb1921925el-f1283660942r.jpg)

![9 River Street - Photo 48](http://lh.rdcpix.com/5e862aa5b54605ea5b9b56fb1921925el-f2417639934r.jpg)

---

**MLS#:** 207102 | **Updated:** 2026-10-28
**Source:** listhub

*Copyright © 2026 Adirondack Champlain Valley MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/9-river-street-saranac-lake-ny-12983-ecd2f3568c2945d4aa722939d962514f)

---

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