$3,500,000
Stillwater, NY 12866
MLS# 202613597
22 beds
1 / 59
Property Description
Investors & Builders Take Notice - Rare Multifamily & Development Opportunity. Exceptional opportunity to acquire a multifamily investment spanning over 21 acres, featuring 8 structures with significant upside. More than half of the property offers additional residential development potential. Ideally located just minutes from Brown's Beach, a short distance to I-87 Exit 12 and I-87 Exit 13, and in close proximity to a local Technology Park, providing strong appeal for workforce housing and potential for long-term growth. Situated within the Stillwater Central School District.SLZ-1 Zoning allows for a range of uses, including residential development (single-family and two-family homes), as well as commercial opportunities such as a restaurant or bed & breakfast with a Special Use Permit (SUP). This offering includes four separate deeds being sold as a package and must be purchased together. Addresses include: 184, 186, 188, 190 & 192 Didonna Lane, and 460 Cold Spring Road. At 460 Cold Spring Road, the first three trailers are owned by the seller, while the remaining 3 operate on land leases, offering a mix of income streams. Municipal water and sewer are available at the road Parcels SBL #'s 218.20-2-29 (7.48 Acres), 218.20-2-30 (.08 Acres), 230.-1-11 (21.20 Acres) and 230.1-83 (.02 Acres)
Details
Maps
Documents
Contract Information
Original List Price: 3750000
List Price/SqFt: 738.71
Status: Active
Property Sub Type: Multi Family
List Price: $3,500,000
Current Price: $3,500,000
Listing Contract Date: 2026-03-19
Location
City/Town (Mail): Saratoga Springs
Street Number: 460
Street Name: Cold Spring
Street Suffix: Road
County: Saratoga
State/Province: NY
Postal Code: 12866
Geo Lat: 42.98165
Geo Lon: -73.746765
Property Detail
Number Of Units Total: 12
Rooms Total: 35
Bathrooms Half: 1
Garage Spaces: 4
Above Grade Finished Area: 4738
Above Grade Finished Area Source: Public Records
Parking Y/N: Yes
Below Grade Finished Area: 0
Below Grade Finished Area Source: Public Records
Living Area: 4738
Zoning: Multi Residence
Lot Size Acres: 21.3
Main Road Frontage: 1396
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Survey Y/N: Yes
Bedrooms Total: 22
Bathrooms Full: 12
Year Built: 1970
Parcel, Tax, HOA
Parcel Number: 415289 230.-1-11
Tax Annual Amount: 16005.32
Tax Section: 230.00
Total Taxes Description: Estimated
Tax Block: 1
Tax Lot: 11.000
School District: Stillwater
Elementary School: Stillwater
High School: Stillwater
Association Y/N: No
Directions & Remarks
Directions: Take Route 9P towards Saratoga Lake. Make a right onto Lake Road. The properties are on the right.
Public Remarks: Investors & Builders Take Notice - Rare Multifamily & Development Opportunity. Exceptional opportunity to acquire a multifamily investment spanning over 21 acres, featuring 8 structures with significant upside. More than half of the property offers additional residential development potential. Ideally located just minutes from Brown's Beach, a short distance to I-87 Exit 12 and I-87 Exit 13, and in close proximity to a local Technology Park, providing strong appeal for workforce housing and potential for long-term growth. Situated within the Stillwater Central School District.SLZ-1 Zoning allows for a range of uses, including residential development (single-family and two-family homes), as well as commercial opportunities such as a restaurant or bed & breakfast with a Special Use Permit (SUP). This offering includes four separate deeds being sold as a package and must be purchased together. Addresses include: 184, 186, 188, 190 & 192 Didonna Lane, and 460 Cold Spring Road. At 460 Cold Spring Road, the first three trailers are owned by the seller, while the remaining 3 operate on land leases, offering a mix of income streams. Municipal water and sewer are available at the road
Parcels SBL #'s 218.20-2-29 (7.48 Acres), 218.20-2-30 (.08 Acres), 230.-1-11 (21.20 Acres) and 230.1-83 (.02 Acres)
Sewer
Public Sewer: 1
Architectural Style
Other: 1
Electric
100 Amp Service: 1
150 Amp Service: 1
Circuit Breakers: 1
Attic Features
None: 1
Cooling
None: 1
Basement
Other: 1
Bath Levels
Full Bath 1: 1st
Full Bath 2: 1st
Full Bath 3: 1st
Full Bath 4: 1st
Full Bath 5: 1st
Full Bath 6: 1st
Full Bath 7: 1st
Full Bath 8: 1st
Full Bath 9: 1st
Full Bath 10: 1st
Half Bath 1: 1st
Lot Features
Irregular Lot: 1
Road Frontage: 1
Construction Materials
Other: 1
Photos - the contractual owner of the photos
Photo Owner: Broker
Possession
At Closing: 1
Exterior Features
None: 1
Flooring
Carpet: 1
Hardwood: 1
Laminate: 1
Linoleum: 1
Showing Requirements
24 Hour Notice: 1
Special Listing Conditions
Standard: 1
Roof
Asphalt: 1
Water Source
Other: 1
Heating
Electric: 1
Propane: 1
Income And Expenses
Rental Income: 185000
Rental Income Description: Actual
Parking Features
Parking Total: 15
Driveway: 1
Off Street: 1
Separate Utilities
Electric: 1
Tenant Pays
Electricity: 1
Gas: 1
Heat: 1
Unit Information
Number Of Dryers: 6
Number Of Refrigerators: 10
Number Of Stoves: 11
Number Of Washers: 6
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 184
Monthly Rent MF Unit 1: 4800
Rent Desc. MF Unit 1: Actual
Lease Term MF Unit 1: Month To Month
Total Rooms MF Unit 1: 11
Total Bedrooms MF Unit 1: 5
Total Full Baths MF Unit 1: 4
Unit 1 Includes
Bathroom: 1
Kitchen: 1
Refrigerator: 1
Unit 1 Owner Furnish Features
Maintenance Grounds: 1
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 186
Monthly Rent MF Unit 2: 800
Rent Desc. MF Unit 2: Actual
Lease Term MF Unit 2: Month To Month
Total Rooms MF Unit 2: 4
Total Bedrooms MF Unit 2: 2
Total Full Baths MF Unit 2: 1
Unit 2 Owner Furnish Features
Maintenance Grounds: 1
Trash: 1
Water: 1
Unit 2 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 188
Monthly Rent MF Unit 3: 1100
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: 2
Total Full Baths MF Unit 3: 1
Unit 3 Owner Furnish Features
Maintenance Grounds: 1
Management: 1
Snow Removal: 1
Water: 1
Unit 3 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Multi-Family Unit 4 Detail
Unit Location MF Unit 4: 190
Monthly Rent MF Unit 4: 1000
Rent Desc. MF Unit 4: Actual
Lease Term MF Unit 4: Month To Month
Total Rooms MF Unit 4: 4
Total Bedrooms MF Unit 4: 2
Total Full Baths MF Unit 4: 1
Unit 4 Owner Furnish Features
Maintenance Grounds: 1
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Unit 4 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Multi-Family Unit 5 Detail
Unit Location MF Unit 5: 192
Monthly Rent MF Unit 5: 2000
Rent Desc. MF Unit 5: Actual
Lease Term MF Unit 5: Month To Month
Total Rooms MF Unit 5: 6
Total Bedrooms MF Unit 5: 3
Total Full Baths MF Unit 5: 1
Total Half Baths MF Unit 5: 1
Unit 5 Owner Furnish Features
Maintenance Grounds: 1
Snow Removal: 1
Trash: 1
Water: 1
Multi-Family Unit 6 Detail
Unit Location MF Unit 6: 590
Monthly Rent MF Unit 6: 1000
Rent Desc. MF Unit 6: Actual
Lease Term MF Unit 6: Month To Month
Total Rooms MF Unit 6: 4
Total Bedrooms MF Unit 6: 2
Total Full Baths MF Unit 6: 1
Unit 6 Owner Furnish Features
Maintenance Grounds: 1
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Multi-Family Unit 7 Detail
Unit Location MF Unit 7: 460-1
Monthly Rent MF Unit 7: 800
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 Owner Furnish Features
Maintenance Grounds: 1
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Multi-Family Unit 8 Detail
Unit Location MF Unit 8: 460-2
Monthly Rent MF Unit 8: 1150
Rent Desc. MF Unit 8: Actual
Lease Term MF Unit 8: Month To Month
Total Rooms MF Unit 8: 4
Total Bedrooms MF Unit 8: 2
Total Full Baths MF Unit 8: 1
Unit 8 Owner Furnish Features
Maintenance Grounds: 1
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Status Change Info
Status Change Date: 2026-03-19
Property Features
Architectural Style: Other
Attic Features: None
Basement: Other
Construction Materials: Other
Cooling: None
Electric: 100 Amp Service; 150 Amp Service; Circuit Breakers
Exterior Features: None
Flooring: Carpet; Hardwood; Laminate; Linoleum
Heating: Propane
Lot Features: Irregular Lot; Road Frontage
Parking Features: Driveway; Off Street
Possession: At Closing
Roof: Asphalt
Separate Utilities: Electric
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice
Special Listing Conditions: Standard
Tenant Pays: Electricity; Gas; Heat
Water Source: Other
Unit 1 Includes: Bathroom; Kitchen; Refrigerator
Unit 1 Owner Furnish Features: Maintenance Grounds; Sewer; Snow Removal; Trash; Water
Unit 2 Owner Furnish Features: Maintenance Grounds; Trash; Water
Unit 2 Includes: Bathroom; Kitchen; Living Room; Refrigerator
Unit 3 Owner Furnish Features: Maintenance Grounds; Management; Snow Removal; Water
Unit 3 Includes: Bathroom; Kitchen; Living Room; Refrigerator
Unit 4 Owner Furnish Features: Maintenance Grounds; Sewer; Snow Removal; Trash; Water
Unit 4 Includes: Bathroom; Kitchen; Living Room
Unit 5 Owner Furnish Features: Maintenance Grounds; Snow Removal; Trash; Water
Unit 6 Owner Furnish Features: Maintenance Grounds; Sewer; Snow Removal; Trash; Water
Unit 7 Owner Furnish Features: Maintenance Grounds; Sewer; Snow Removal; Trash; Water
Unit 8 Owner Furnish Features: Maintenance Grounds; Sewer; Snow Removal; Trash; Water
Audio Video Recording Device Disclosure 
Listing Courtesy of Julie & Co Realty LLC
Listing Agent: Charles B Goodridge
518-409-1218 | cgoods@juliecorealty.com
518-409-1218 | cgoods@juliecorealty.com
