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56 Park Street

Malone, NY 12953
  • $629,000
  • STATUS: Active
  • ON SITE: 32 Days
  • MLS #: 206202
UPDATED: 7 min ago
$629,000
  • 0
    BEDS
  • 1.74
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,692
    SQFT
  • $82
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1856
County:

School Ratings & Info

School District:

Description

Welcome to 56 Park Street -- the iconic ''Hale House'' in the heart of Malone, NY.This remarkable seven-unit Victorian masterpiece has been meticulously revitalized with an unwavering commitment to quality and preservation. The current owner spared no expense restoring this historic property, seamlessly blending timeless architectural character with modern luxury and performance.Inside, each apartment tells its own story -- from original hardwood floors, soaring ceilings, pocket doors, and ornate fireplaces to thoughtful modern upgrades including on-demand hot water systems, in-unit laundry connections, security systems, and contemporary finishes. The result is a rare harmony of 19th-century craftsmanship and 21st-century comfort.The property is comprised of four units in the main residence and three in the beautifully converted carriage house, all fully leased with exceptional rent performance and strong tenant retention. Located near local shops, dining, and community amenities, this offering represents a turnkey, high-performing investment opportunity unlike anything else on the market in Malone.Opportunities to acquire a property of this caliber -- rich in history, impeccably maintained, and producing at the top of the market -- are exceptionally rare. A true showpiece investment for the discerning buyer seeking both beauty and performance.Financials and detailed income data are available to qualified buyers -- serious inquiries only.

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© 2025 Adirondack-Champlain Valley Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Joseph Salamy | Merill L. Thomas, Inc ~ Gillis Team. Data last updated: 2025-12-15T12:30:26.483.
www.adirondackwaterfronthomes.com/homes/169874471
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56 Park Street Malone, NY 12953

  • Price: $629,000
  • Status: Active
  • On Site: 32 Days
  • Updated: 7 min ago
  • MLS #: 206202
0
Beds
0
Baths
0
½ Baths
1.74
Acres
7,692
SQFT
$82
$/SQFT
1856
Built
Neighborhood:
Village Of Malone
County:
Franklin
Area:
Village Of Malone
School District:
Malone
Property Description
Welcome to 56 Park Street -- the iconic ''Hale House'' in the heart of Malone, NY.This remarkable seven-unit Victorian masterpiece has been meticulously revitalized with an unwavering commitment to quality and preservation. The current owner spared no expense restoring this historic property, seamlessly blending timeless architectural character with modern luxury and performance.Inside, each apartment tells its own story -- from original hardwood floors, soaring ceilings, pocket doors, and ornate fireplaces to thoughtful modern upgrades including on-demand hot water systems, in-unit laundry connections, security systems, and contemporary finishes. The result is a rare harmony of 19th-century craftsmanship and 21st-century comfort.The property is comprised of four units in the main residence and three in the beautifully converted carriage house, all fully leased with exceptional rent performance and strong tenant retention. Located near local shops, dining, and community amenities, this offering represents a turnkey, high-performing investment opportunity unlike anything else on the market in Malone.Opportunities to acquire a property of this caliber -- rich in history, impeccably maintained, and producing at the top of the market -- are exceptionally rare. A true showpiece investment for the discerning buyer seeking both beauty and performance.Financials and detailed income data are available to qualified buyers -- serious inquiries only.
Exterior Features

Construction Materials Wood Siding Exterior Features LightingPrivate Yard Foundation Details Stone Parking Features Off StreetParking LotPaved Road Surface Type Paved Roof AsphaltSlateMetal

Interior Features

Appliances DryerWasherRefrigeratorMicrowaveElectric RangeElectric OvenDishwasher Basement Full Cooling None Heating BaseboardVaries by UnitPropane StovePropaneElectric Interior Features Built-in FeaturesApartmentStone CountersNatural WoodworkKitchen IslandCrown MoldingCeiling Fan(s)

Property Features

Building Features Apartments Frontage Length 400' Gross Income 104520.00 Insurance Expense 6000.00 Land Tax Annual Amount 2870.81 Lawn Care Snow Removal Expense 3500.00 Listing Terms 1031 ExchangeConventionalCash Lot Features Back YardWaterfrontLevelFew Trees Net Operating Income 87520.00 Property Condition Updated/Remodeled Road Frontage Type Public Security Features Carbon Monoxide Detector(s)Security SystemSmoke Detector(s) Sewer Public Sewer Tax Annual Amount 13115.29 Tax Assessed Value 240000.00 Tenant Pays Cable TVHeatGasElectricity Trash Expense 3600.00 Utilities Electricity ConnectedWater ConnectedSewer Connected View Neighborhood Water Body Name Salmon River Water Source Public Waterfront YN Yes

Listing courtesy of RE/MAX North Country: (518) 563-1200.


© 2025 Adirondack-Champlain Valley Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Joseph Salamy | Merill L. Thomas, Inc ~ Gillis Team. Data last updated: 2025-12-15T12:30:26.483.
 
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Joseph Salamy | Merill L. Thomas, Inc ~ Gillis Team
80 Park Street
Tupper Lake NY, 12986