Secure a high-occupancy residential asset in the Adirondacks' most sought-after recreation corridor. This 5-unit multi-family property in Wilmington offers a unique lifestyle draw for tenants: private river access paired with a location only 5 minutes from the base of Whiteface Mountain. Property Breakdown: Composition: (4) 1BR/1BA apartments plus (1) 1BR/1BA detached single-family residence. Total Gross Income: $4,525 per month. Owner-Friendly Mechanics: All units feature separately metered utilities, keeping owner expenses predictable and low. The 'Wilmington Edge': Demand in this area is driven by its 15-minute proximity to Lake Placid and its status as a mountain biking and skiing mecca. Whether you are looking for a stable long-term hold or a 'house-hack' where you live in the riverfront cottage while the four units pay your mortgage, 5732-5734 NYS Rte 86 is a rare find in a supply-constrained market.
Wilmington is located in New York. Wilmington, New York has a population of 1,184. Wilmington is less family-centric than the surrounding county with 17.89% of the households containing married families with children. The county average for households married with children is 22.25%.
The median household income in Wilmington, New York is $70,703. The median household income for the surrounding county is $61,563 compared to the national median of $69,021. The median age of people living in Wilmington is 51.1 years.
The average high temperature in July is 79.2 degrees, with an average low temperature in January of 7.1 degrees. The average rainfall is approximately 37 inches per year, with 71.5 inches of snow per year.
