16 Broad Ln Unit 1 Au Sable Forks, NY 12912
Estimated payment $1,863/month
Highlights
- Wood Flooring
- Neighborhood Views
- Level Lot
- Old Style Architecture
- Front Porch
- Heating System Uses Oil
About This Home
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/mo
Unit 2: 2 BR / 1 BA | Month-to-Month at $500/mo (Value-add opportunity)
Unit 3: Studio | Month-to-Month at $600/mo
Total Gross Monthly Income: $2,325 With 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.
Listing Agent
Coldwell Banker Whitbeck Assoc-Saranac Lake License #10401378136 Listed on: 12/24/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,805
Year Built
- Built in 1920 | Remodeled
Lot Details
- 8,712 Sq Ft Lot
- 1 Common Wall
- Level Lot
- Few Trees
- Back Yard Fenced
Home Design
- Triplex
- Old Style Architecture
- Shingle Roof
Interior Spaces
- 3,166 Sq Ft Home
- 2-Story Property
- Neighborhood Views
- Unfinished Basement
- Basement Fills Entire Space Under The House
- Washer and Electric Dryer Hookup
Kitchen
- Electric Oven
- Electric Cooktop
Flooring
- Wood
- Luxury Vinyl Tile
Parking
- Private Parking
- Paved Parking
- On-Site Parking
- Open Parking
- Off-Street Parking
Outdoor Features
- Front Porch
Utilities
- No Cooling
- Heating System Uses Oil
Listing and Financial Details
- Assessor Parcel Number 7.84-2-7.000
Community Details
Overview
- 3 Units
Building Details
- Gross Income $26,700
- Net Operating Income $17,627
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,099 | $181,000 | $15,800 | $165,200 |
| 2023 | $4,529 | $153,400 | $15,600 | $137,800 |
| 2022 | $4,457 | $153,400 | $15,600 | $137,800 |
| 2021 | $4,394 | $130,000 | $15,600 | $114,400 |
| 2020 | $7,054 | $127,100 | $15,600 | $111,500 |
| 2019 | $7,037 | $127,100 | $15,600 | $111,500 |
| 2018 | $4,452 | $127,100 | $15,600 | $111,500 |
| 2017 | $3,354 | $127,100 | $15,600 | $111,500 |
| 2016 | $3,499 | $124,400 | $15,600 | $108,800 |
| 2015 | -- | $124,400 | $15,600 | $108,800 |
| 2014 | -- | $133,800 | $15,600 | $118,200 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/24/2025 12/24/25 | For Sale | $280,000 | -- | $88 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | -- | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $107,280 | New Conventional |
Source: Adirondack-Champlain Valley MLS
MLS Number: 206372
APN: 152800-007-084-0002-007-000-0000
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