$1,295,000
Saratoga Springs, NY 12866
MLS# 202614878
Status: Pending
10 beds
1 / 52
Property Description
Discover this exceptional turn-key 4-unit multifamily investment at 1-3 Oak Street in Saratoga Springs' vibrant Arts District. Fully renovated in 2021 with no deferred maintenance, the 4,572 sq ft building delivers immediate, stable cash flow from 100% occupancy and $107,575 in total operating income (including $100,560 gross rents from a premium furnished 2/2 unit plus two 3/1s and another 2/2). The property generates a solid 6.0% cap rate on $77,153 NOI at the $1,295,000 asking price, with modern kitchens, updated baths, new appliances, HVAC, electrical, plumbing, flooring, and a new roof. Classic double-porch architecture blends charm with low-maintenance operations, including in-unit laundry. Located steps from Broadway's dining and shops, SPAC, and the Saratoga Race Track, this asset benefits from sub-4% vacancy rates, 3-5% annual rent growth, and strong demand driven by tourism, healthcare, education, and tech. Ideal for hands-off investors or a 1031 exchange, it offers proven performance and appreciation potential in one of New York's most resilient and desirable markets
Details
Maps
Documents
Contract Information
Original List Price: 1295000
List Price/SqFt: 283.25
Status: Pending
Property Sub Type: Quadruplex
List Price: $1,295,000
Current Price: $1,295,000
Listing Contract Date: 2026-04-11
Location
City/Town (Mail): Saratoga Springs
Street Number: 1
Street Name: Oak
Street Suffix: Street
County: Saratoga
State/Province: NY
Postal Code: 12866
Geo Lat: 43.078909
Geo Lon: -73.791699
Property Detail
Rooms Total: 21
Bathrooms Half: 0
Garage Spaces: 0
Above Grade Finished Area: 4572
Above Grade Finished Area Source: Assessor
Parking Y/N: No
Below Grade Finished Area: 0
Below Grade Finished Area Source: Tax Bill
Living Area: 4572
Lot Size Acres: 0.09
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Bedrooms Total: 10
Bathrooms Full: 6
Year Built: 1900
Status Change Info
Proposed Closing Date: 2026-05-22
Status Change Date: 2026-04-25
Under Contract Date: 2026-04-24
Parcel, Tax, HOA
Parcel Number: 411501 165.66-2-57.2
Tax Annual Amount: 10627
Tax Section: 165.66
Total Taxes Description: Actual
Tax Block: 2
Tax Lot: 57.002
School District: Saratoga Springs
High School: Saratoga Springs
Association Y/N: No
Directions & Remarks
Directions: Exit 13N to Broadway. Left on West Circular. Right on Beekman. Slight right onto S. Franklin. Property on corner of S. Franklin and Oak.
Public Remarks: Discover this exceptional turn-key 4-unit multifamily investment at 1-3 Oak Street in Saratoga Springs' vibrant Arts District. Fully renovated in 2021 with no deferred maintenance, the 4,572 sq ft building delivers immediate, stable cash flow from 100% occupancy and $107,575 in total operating income (including $100,560 gross rents from a premium furnished 2/2 unit plus two 3/1s and another 2/2). The property generates a solid 6.0% cap rate on $77,153 NOI at the $1,295,000 asking price, with modern kitchens, updated baths, new appliances, HVAC, electrical, plumbing, flooring, and a new roof. Classic double-porch architecture blends charm with low-maintenance operations, including in-unit laundry.
Located steps from Broadway's dining and shops, SPAC, and the Saratoga Race Track, this asset benefits from sub-4% vacancy rates, 3-5% annual rent growth, and strong demand driven by tourism, healthcare, education, and tech. Ideal for hands-off investors or a 1031 exchange, it offers proven performance and appreciation potential in one of New York's most resilient and desirable markets
Sewer
Public Sewer: 1
Architectural Style
Traditional: 1
Fencing
Back Yard: 1
Cooling
Central Air: 1
Basement
Unfinished: 1
Bath Levels
Full Bath 1: 1st
Full Bath 2: 1st
Full Bath 3: 1st
Full Bath 4: 1st
Full Bath 5: 2nd
Full Bath 6: 2nd
Lot Features
Corner Lot: 1
Construction Materials
Vinyl Siding: 1
Photos - the contractual owner of the photos
Photo Owner: Seller/Landlord
Possession
At Closing: 1
Exterior Features
None: 1
Flooring
Hardwood: 1
Laminate: 1
Tile: 1
Showing Requirements
Call Listing Agent: 1
Call Owner: 1
Other: 1
Special Listing Conditions
Ownership: Broker Owned
Roof
Asphalt: 1
Rubber: 1
Water Source
Public: 1
Heating
Forced Air: 1
Parking Features
None: 1
Patio And Porch Features
Covered: 1
Porch: 1
Separate Utilities
Electric: 1
Gas: 1
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 1st
Lease Term MF Unit 1: 12 Months
Total Rooms MF Unit 1: 6
Total Bedrooms MF Unit 1: 2
Total Full Baths MF Unit 1: 2
Unit 1 Detail
Total Bedrooms: 2
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 1st
Lease Term MF Unit 2: 12 Months
Total Rooms MF Unit 2: 6
Total Bedrooms MF Unit 2: 2
Total Full Baths MF Unit 2: 2
Unit 2 Detail
Total Bedrooms: 2
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 2nd
Lease Term MF Unit 3: 12 Months
Total Rooms MF Unit 3: 6
Total Bedrooms MF Unit 3: 3
Total Full Baths MF Unit 3: 1
Unit 3 Detail
Total Bedrooms: 3
Multi-Family Unit 4 Detail
Unit Location MF Unit 4: 2nd
Lease Term MF Unit 4: 12 Months
Total Rooms MF Unit 4: 6
Total Bedrooms MF Unit 4: 3
Total Full Baths MF Unit 4: 1
Unit 4 Detail
Total Bedrooms: 3
Property Features
Architectural Style: Traditional
Basement: Unfinished
Construction Materials: Vinyl Siding
Cooling: Central Air
Exterior Features: None
Fencing: Back Yard
Flooring: Hardwood; Laminate; Tile
Heating: Forced Air
Lot Features: Corner Lot
Parking Features: None
Patio And Porch Features: Covered; Porch
Possession: At Closing
Roof: Asphalt; Rubber
Separate Utilities: Electric; Gas
Sewer: Public Sewer
Showing Requirements: Call Listing Agent; Call Owner; Other
Water Source: Public
Rent Roll 
Listing Courtesy of eXp Realty
Listing Agent: Brian Green
518-810-2895 | brian.green@exprealty.com
518-810-2895 | brian.green@exprealty.com
