One 3 unit apartment house and adjacent 3 bedroom, 2 bath house located on Parkside Drive in Lake Placid within short walking distance of the Main St. Business Corridor, Schools and the Olympic Center. This listing includes an additional .30 acre building lot (parcel # 42.208-1-2.000) with 2 storage sheds and parking area off Morningside Drive. The property is being sold ''AS IS'' and includes 3 apartments in the front building and a separate large 3 bedroom 2 bath house in the rear. One apartment and the rear house are both currently vacant allowing a new owner to determine monthly rents and lease periods. Two apartments are rented on a month to month basis. Great distant mountain views from the property. Excellent investment opportunity!
For sale
$695,000
163 Parkside Dr, Lake Placid, NY 12946
--beds
0baths
3,393sqft
Apartment
Built in 1920
-- sqft lot
$-- Zestimate®
$205/sqft
$-- HOA
What's special
Great distant mountain views
- 6 days
- on Zillow |
- 597 |
- 23 |
Zillow last checked: 7 hours ago
Listing updated: August 28, 2025 at 07:22am
Listing by:
Adirondack Premier Properties Berkshire Hathaway HomeService 518-523-3333,
Mark Adler
Source: ACVMLS,MLS#: 205583

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Baseboard, Electric
Appliances
- Included: Free-Standing Electric Range, Refrigerator, Washer/Dryer, Water Heater
- Laundry: Laundry Room
Features
- Flooring: Carpet, Vinyl, Wood
- Windows: Double Pane Windows
- Basement: Partial,Unfinished
Interior area
- Total structure area: 3,393
- Total interior livable area: 3,393 sqft
Property
Parking
- Parking features: Additional Parking, Driveway, Off Street
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Front Porch, Rear Porch, Side Porch
- Exterior features: Private Yard
- Has view: Yes
- View description: Mountain(s)
Lot
- Size: 0.4 Acres
Details
- Additional structures: Shed(s), Storage
- Parcel number: 42.207715.000
- Zoning: Residential
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Old Style
- Property subtype: Apartment
Materials
- Foundation: Stone
- Roof: Shingle
Condition
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Internet Available, Sewer Connected, Water Connected
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
Location
- Region: Lake Placid
Financial & listing details
- Price per square foot: $205/sqft
- Tax assessed value: $360,600
- Annual tax amount: $4,694
- Date on market: 8/23/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: 1031 Exchange,Cash,Conventional
- Lease term: Short Term Lease
- Tenant pays: Electricity
- Electric utility on property: Yes
- Road surface type: Paved
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