$715,000
Ballston Spa, NY 12020
MLS# 202616647
9 beds
1 / 69
Property Description
Rare 7-Unit investment gem in the heart of Ballston Spa. Discover a turnkey addition to your portfolio with this exceptional 7-unit multi-family property, perfectly positioned in the vibrant and historic village of Ballston Spa. Located within easy walking distance to local boutiques, popular eateries, and village festivals. The building features a high-demand unit mix consisting of five spacious 1-bedroom apartments and two 2-bedroom units, producing a strong immediate cash flow with a monthly gross income of $8,630. Rest easy knowing the heavy lifting has been completed through substantial renovations over the last several years. Major infrastructure upgrades include a full electrical system overhaul, extensive plumbing updates, a new Navien high-efficiency boiler, and a power-vented hot water heater. The building's efficiency has been further enhanced with comprehensive insulation, air sealing, and a flat roof replacement. Beyond the mechanicals, the property shines with renovated apartments, a coin-op laundry room, and upgraded front porch. The exterior boasts excellent curb appeal with updated walkways, a charming patio, and off-street parking. A garage on-site provides additional flexibility for one-car parking or potential additional income for tenant storge. A complete list of renovations and financial documents are available for review. Please note that showing times are restricted to respect tenant privacy. Don't miss this rare opportunity to own a high-performing asset in one of Saratoga County's most desirable rental markets. Parking lot for 4 cars to the right of property, 2 more cars to the left. Priced to sell, serious investors only.
Details
Maps
Documents
Contract Information
Original List Price: 715000
List Price/SqFt: 158.68
Status: Active
Property Sub Type: Multi Family
List Price: $715,000
Current Price: $715,000
Listing Contract Date: 2026-05-06
Location
City/Town (Mail): Ballston Spa
Cross Street: North High
Street Number: 328
Street Name: Milton
Street Suffix: Avenue
County: Saratoga
State/Province: NY
Postal Code: 12020
Geo Lat: 43.009534
Geo Lon: -73.849403
Property Detail
Number Of Units Total: 7
Rooms Total: 24
Bathrooms Half: 0
Garage Spaces: 1
Above Grade Finished Area: 4506
Above Grade Finished Area Source: Assessor
Parking Y/N: Yes
Below Grade Finished Area: 0
Below Grade Finished Area Source: Assessor
Living Area: 4506
Zoning: Commercial
Lot Size Dimensions: 94.58 x 105
Lot Size Acres: 0.2
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Bedrooms Total: 9
Bathrooms Full: 7
Year Built: 1890
Status Change Info
Back on Market Date: 2026-06-02
Status Change Date: 2026-05-29
Parcel, Tax, HOA
Parcel Number: 414201 203.80-2-1
Tax Annual Amount: 12200
Tax Section: 203.80
Total Taxes Description: Actual
Tax Block: 2
Tax Lot: 1.000
School District: Ballston Spa
High School: Ballston Spa
Association Y/N: No
Directions & Remarks
Directions: Milton Avenue (Route 50) in the village of Ballston Spa directly across from Firehouse.
Public Remarks: Rare 7-Unit investment gem in the heart of Ballston Spa. Discover a turnkey addition to your portfolio with this exceptional 7-unit multi-family property, perfectly positioned in the vibrant and historic village of Ballston Spa. Located within easy walking distance to local boutiques, popular eateries, and village festivals.
The building features a high-demand unit mix consisting of five spacious 1-bedroom apartments and two 2-bedroom units, producing a strong immediate cash flow with a monthly gross income of $8,630. Rest easy knowing the heavy lifting has been completed through substantial renovations over the last several years. Major infrastructure upgrades include a full electrical system overhaul, extensive plumbing updates, a new Navien high-efficiency boiler, and a power-vented hot water heater. The building's efficiency has been further enhanced with comprehensive insulation, air sealing, and a flat roof replacement.
Beyond the mechanicals, the property shines with renovated apartments, a coin-op laundry room, and upgraded front porch. The exterior boasts excellent curb appeal with updated walkways, a charming patio, and off-street parking. A garage on-site provides additional flexibility for one-car parking or potential additional income for tenant storge.
A complete list of renovations and financial documents are available for review. Please note that showing times are restricted to respect tenant privacy. Don't miss this rare opportunity to own a high-performing asset in one of Saratoga County's most desirable rental markets. Parking lot for 4 cars to the right of property, 2 more cars to the left. Priced to sell, serious investors only.
Sewer
Public Sewer: 1
Architectural Style
Apartment 4 Plus Unit: 1
Electric
200+ Amp Service: 1
Financial Details
Full Market Assessment: 570348
Tax Assessed Value: 345000
General Taxes: 3347
General Taxes Description: Actual
School Taxes: 7219
School Taxes Description: Actual
Village Taxes: 1634
Village Taxes Description: Actual
Attic Features
None: 1
Basement
Partial: 1
Bath Levels
Full Bath 1: 2nd
Full Bath 2: 2nd
Full Bath 3: 3rd
Full Bath 4: 1st
Full Bath 5: 2nd
Full Bath 6: 1st
Full Bath 7: 1st
Construction Materials
Aluminum Siding: 1
Other Structures
Garage(s): 1
Photos - the contractual owner of the photos
Photo Owner: Broker
Exterior Features
None: 1
Flooring
Hardwood: 1
Laminate: 1
Vinyl: 1
Showing Requirements
24 Hour Notice: 1
Lockbox: 1
Occupied: 1
Pet(s) on Premises: 1
Showing Service: 1
Sign on Property: 1
Special Listing Conditions
Standard: 1
Roof
Asphalt: 1
Rubber: 1
Shingle: 1
View
Downtown: 1
Water Source
Public: 1
Foundation Details
Stone: 1
Heating
Baseboard: 1
Natural Gas: 1
Income And Expenses
Rental Income: 104760
Rental Income Description: Actual
Electric Expense: 4263
Electric Expense Description: Actual
Total Income: 104760
Total Income Description: Actual
Gas Expense: 4263
Gas Expense Description: Actual
Insurance Expense: 3700
Insurance Expense Description: Actual
Miscellaneous Expense: 1438
Miscellaneous Expense Description: Actual
Water Sewer Expense: 476
Water Sewer Expense Desc.: Actual
Operating Expense: 16274
Net Operating Income: 76786
Interior Features
High Speed Internet: 1
Parking Features
Parking Total: 6
Garage: 1
Off Street: 1
Stone: 1
Patio And Porch Features
Front Porch: 1
Levels
Three Or More: 1
Security Features
Carbon Monoxide Detector(s): 1
Separate Utilities
Not Separated: 1
Tenant Pays
Cable TV: 1
Internet: 1
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 2
Occupant Type MF Unit 1: Vacant
Monthly Rent MF Unit 1: 1200
Rent Desc. MF Unit 1: Estimated
Total Rooms MF Unit 1: 3
Total Bedrooms MF Unit 1: 1
Total Full Baths MF Unit 1: 1
Unit 1 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 2
Occupant Type MF Unit 2: Tenant
Monthly Rent MF Unit 2: 1100
Rent Desc. MF Unit 2: Actual
Lease Term MF Unit 2: Month To Month
Total Rooms MF Unit 2: 3
Total Bedrooms MF Unit 2: 1
Total Full Baths MF Unit 2: 1
Unit 2 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 3
Occupant Type MF Unit 3: Tenant
Monthly Rent MF Unit 3: 1075
Rent Desc. MF Unit 3: Actual
Lease Term MF Unit 3: Month To Month
Total Rooms MF Unit 3: 4
Total Bedrooms MF Unit 3: 1
Total Full Baths MF Unit 3: 1
Unit 3 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Other: 1
Multi-Family Unit 4 Detail
Unit Location MF Unit 4: 2
Occupant Type MF Unit 4: Tenant
Monthly Rent MF Unit 4: 1475
Rent Desc. MF Unit 4: Actual
Lease Term MF Unit 4: 12 Months
Total Rooms MF Unit 4: 4
Total Bedrooms MF Unit 4: 2
Total Full Baths MF Unit 4: 1
Unit 4 Includes
Bathroom: 1
Dining Room: 1
Kitchen: 1
Living Room: 1
Multi-Family Unit 5 Detail
Unit Location MF Unit 5: 2
Occupant Type MF Unit 5: Tenant
Monthly Rent MF Unit 5: 1150
Rent Desc. MF Unit 5: Actual
Lease Term MF Unit 5: 12 Months
Total Rooms MF Unit 5: 3
Total Bedrooms MF Unit 5: 1
Total Full Baths MF Unit 5: 1
Unit 5 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Multi-Family Unit 6 Detail
Unit Location MF Unit 6: 1
Occupant Type MF Unit 6: Tenant
Monthly Rent MF Unit 6: 1200
Rent Desc. MF Unit 6: Actual
Lease Term MF Unit 6: Month To Month
Total Rooms MF Unit 6: 3
Total Bedrooms MF Unit 6: 1
Total Full Baths MF Unit 6: 1
Unit 6 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Multi-Family Unit 7 Detail
Unit Location MF Unit 7: 1
Occupant Type MF Unit 7: Tenant
Monthly Rent MF Unit 7: 1450
Rent Desc. MF Unit 7: Actual
Lease Term MF Unit 7: Month To Month
Total Rooms MF Unit 7: 4
Total Bedrooms MF Unit 7: 2
Total Full Baths MF Unit 7: 1
Unit 7 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Property Features
Architectural Style: Apartment 4 Plus Unit
Attic Features: None
Basement: Partial
Construction Materials: Aluminum Siding
Electric: 200+ Amp Service
Exterior Features: None
Flooring: Hardwood; Laminate; Vinyl
Foundation Details: Stone
Heating: Baseboard; Natural Gas
Interior Features: High Speed Internet
Levels: Three Or More
Other Structures: Garage(s)
Parking Features: Garage; Off Street; Stone
Patio And Porch Features: Front Porch
Roof: Asphalt; Rubber; Shingle
Security Features: Carbon Monoxide Detector(s)
Separate Utilities: Not Separated
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice; Lockbox; Occupied; Pet(s) on Premises; Showing Service; Sign on Property
Special Listing Conditions: Standard
Tenant Pays: Cable TV; Internet
View: Downtown
Water Source: Public
Unit 1 Includes: Bathroom; Kitchen; Living Room
Unit 2 Includes: Bathroom; Kitchen; Living Room
Unit 3 Includes: Bathroom; Kitchen; Living Room; Other
Unit 4 Includes: Bathroom; Dining Room; Kitchen; Living Room
Unit 5 Includes: Bathroom; Kitchen; Living Room
Unit 6 Includes: Bathroom; Kitchen; Living Room
Unit 7 Includes: Bathroom; Kitchen; Living Room
Disclosures 
Listing Courtesy of High Rock Realty
Listing Agent: Daniel Munn
518-281-4113 | dmunn@highrocksells.com
518-281-4113 | dmunn@highrocksells.com