Listed by Jack Newberry of Coldwell Banker Whitbeck Assoc-Saranac Lake
Maximize your portfolio with this turnkey three-unit income property located in the strategic hub of AuSable Forks. Positioned just 20 minutes from Whiteface Mountain and 30 minutes from Lake Placid, this property offers a rare combination of immediate cash flow and significant appreciation potential.Unit 1: 2 BR / 1 BA | Leased at $1,225/moUnit 2: 2 BR / 1 BA | Month-to-Month at $500/mo (Value-add opportunity)Unit 3: Studio | Month-to-Month at $600/moTotal Gross Monthly Income: $2,325With two units currently on month-to-month agreements, an investor has the immediate flexibility to adjust rents to market rates or pivot to a Short-Term Rental (STR) model. Given the proximity to world-class skiing and ironman events, the demand for seasonal vacation rentals in this corridor remains consistently high. Whether you are looking for a stable long-term hold or a high-cap rate Airbnb conversion, 16 Broad Lane is a versatile asset in a prime Adirondack location.

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 Based on information submitted to NY_ACVMLS as of June 2, 2026 3:53 PM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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