40 Meadow Lane
Champlain, NY 12919
26 Beds
13 Baths
10,400 sqft (on 1.50 acres)
26 Beds
13 Baths
10,400 sqft
(on 1.50 acres)
Local Information
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Description
Champlain Mobile Home Park | 13 Units | 11.94% Cap Rate | Value-Add Opportunity
-Motivated Seller-
Positioned in the stable and affordable housing market of Champlain, this 13-unit mobile home park presents a compelling opportunity for investors seeking strong in-place cash flow with upside potential.
Currently operating at 85% occupancy, the property offers immediate income with the ability to increase revenue through lease-up and operational efficiencies. With an attractive 11.94% cap rate, this asset delivers strong returns from day one.
This community benefits from rare, highly desirable infrastructure, including:
Town-maintained roads for reduced maintenance responsibility
Public water and public sewer (no well/septic headaches)
Natural gas availability
All sites improved with 16x76 Alaskan slabs, minimizing future capital expenditures
The combination of municipal utilities and quality site improvements significantly lowers operational risk while enhancing long-term durability--features highly sought after by experienced mobile home park investors.
With below-market operational optimization potential, investors can further increase NOI by:
Bringing occupancy to 100%
Adjusting lot rents to market levels
Streamlining management
Located near the Canadian border and key regional employment corridors, Champlain continues to benefit from steady demand for affordable housing.
Investment Highlights
13 Total Units
85% Occupied (Value-Add Upside)
11.94% Cap Rate
Public Water & Sewer
Natural Gas
Town Roads
16x76 Alaskan Slabs on All Lots
Low Maintenance Infrastructure.
Property is 2 separate tax Parcels that must be sold together:18.15-6-17.3
-Motivated Seller-
Positioned in the stable and affordable housing market of Champlain, this 13-unit mobile home park presents a compelling opportunity for investors seeking strong in-place cash flow with upside potential.
Currently operating at 85% occupancy, the property offers immediate income with the ability to increase revenue through lease-up and operational efficiencies. With an attractive 11.94% cap rate, this asset delivers strong returns from day one.
This community benefits from rare, highly desirable infrastructure, including:
Town-maintained roads for reduced maintenance responsibility
Public water and public sewer (no well/septic headaches)
Natural gas availability
All sites improved with 16x76 Alaskan slabs, minimizing future capital expenditures
The combination of municipal utilities and quality site improvements significantly lowers operational risk while enhancing long-term durability--features highly sought after by experienced mobile home park investors.
With below-market operational optimization potential, investors can further increase NOI by:
Bringing occupancy to 100%
Adjusting lot rents to market levels
Streamlining management
Located near the Canadian border and key regional employment corridors, Champlain continues to benefit from steady demand for affordable housing.
Investment Highlights
13 Total Units
85% Occupied (Value-Add Upside)
11.94% Cap Rate
Public Water & Sewer
Natural Gas
Town Roads
16x76 Alaskan Slabs on All Lots
Low Maintenance Infrastructure.
Property is 2 separate tax Parcels that must be sold together:18.15-6-17.3
Home Highlights
Parking
26 Parking Spaces
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
$50
Listed
13 days ago
Last check for updates: about 3 hours ago
Listing by: Inglenook Realty Inc, (518) 882-6236
Alec Wright, (518) 633-7509
Source: Global MLS, MLS#202615831
Also Listed on Global MLS, NY State MLS.
Home Details for 40 Meadow Lane
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MLS Status: Active |
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Beds & Baths Number of Bedrooms: 26Number of Bathrooms: 13Number of Bathrooms (full): 13 |
Dimensions and Layout Living Area: 10400 Square Feet |
Appliances & Utilities Utilities: Cable Available, Cable Connected |
Heating & Cooling Heating: Forced Air,Natural GasNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Forced Air |
Fireplace & Spa No Spa |
Gas & Electric Electric: 100 Amp Service |
View Has a ViewView: Downtown, Forest |
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Exterior Home Features Fencing: NoneExterior: NoneFoundation: Slab |
Parking & Garage Parking Spaces: 26 |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
Finished Area Finished Area (above surface): 10400 Square Feet |
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Days on Market: 13 |
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Year Built Year Built: 1986 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi FamilyArchitecture: Other |
Building Construction Materials: Vinyl Siding |
Property Information Parcel Number: 092801 18.15620 |
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Price List Price: $525,000Price Per Sqft: $50 |
Status Change & Dates Possession Timing: Close Of Escrow |
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Direction & Address City: Champlain |
School Information High School District: Northeastern Clinton CSD |
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Listing Agent Listing ID: 202615831 |
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Building Area Building Area: 10400 Square Feet |
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No HOA |
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Lot Area: 1.5 Acres |
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Special Conditions: Standard |
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Listing Terms: Cash, Owner Concession |
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Mobile Home Park Mobile Home Units: Feet |
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Expense Tenant Pays: Trash Collection, Sewer, Heat, Internet, Snow Removal, Water, Association Fees, Cable TV, Electricity, Gas |
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Mls Number: 202615831Above Grade Unfinished Area: 10400Showing Requirements: Restricted Days, Call Listing Agent |
Price History for 40 Meadow Lane
| Date | Price | Event | Source |
|---|---|---|---|
| 04/26/2026 | $525,000 | Listed For Sale | Global MLS #202615831 |
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Property Tax and Assessment
| Year | 2018 |
|---|---|
| Tax | $3,375 |
| Assessment | $145,000 |
Home facts updated by county records
Comparable Sales for 40 Meadow Lane
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.45 | Multi-Family Home | $135,000 | 08/22/25 | - | 5,125 | ||
4.05 | Multi-Family Home | $140,000 | 10/31/25 | - | 2,063 | ||
4.26 | Multi-Family Home | $210,000 | 12/19/25 | - | 1,800 | ||
5.40 | Multi-Family Home | $85,000 | 04/22/26 | - | 2,464 | ||
6.67 | Multi-Family Home | $216,400 | 11/18/25 | - | 3,560 |
Assigned Schools
These are the assigned schools for 40 Meadow Lane.
- Northeastern Clinton Middle School
- 6-8
- Public
- 287 Students
5/10GreatSchools RatingParent Rating Average
No reviews available for this school. - Northeastern Clinton Senior High School
- PK-12
- Public
- 378 Students
5/10GreatSchools RatingParent Rating AverageFor the 1 year I was at NCCS, the teachers were very kind and caring. They made sure the student was comfortable and took time to ask about a students day!Student Review11y ago 
Check out schools near 40 Meadow Lane.
What Locals Say about Champlain
At least 2 Trulia users voted on each feature.
100 % Say car is needed
100 % Say yards are well-kept
100 % Say it's dog friendly
100 % Say there's wildlife
67 % Say parking is easy
67 % Say streets are well-lit
60 % Say there are sidewalks
50 % Say neighbors are friendly
50 % Say they plan to stay for at least 5 years
50 % Say it's quiet
50 % Say it's walkable to grocery stores
50 % Say people would walk alone at night
50 % Say kids play outside
40 % Say it's walkable to restaurants
33 % Say there's holiday spirit
Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Alec Wright, Inglenook Realty Inc, (518) 882-6236
Agent Phone: (518) 633-7509
IDX information is provided exclusively for 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 not guaranteed.
Judy Moriarty, Zillow, Inc., Corp. Broker
Judy Moriarty, Zillow, Inc., Corp. Broker
40 Meadow Lane, Champlain, NY 12919 is a 26 bedroom, 13 bathroom, 10,400 sqft multi-family built in 1986. This property is currently available for sale and was listed by Global MLS on Apr 26, 2026. The MLS # for this home is MLS# 202615831.