$1,425,000
Saratoga Springs, NY 12866
MLS# 202611669
Status: Closed
8 beds
1 / 85
Property Description
Prime turnkey multifamily investment at 58 Lincoln Avenue, Saratoga Springs, NY 12866 - just steps from Broadway, SPAC, and the iconic Saratoga Race Track. This 5-unit property (built 1900, fully revitalized top-to-bottom in the past 2 years) delivers immediate, hassle-free cash flow with 100% occupancy and no deferred maintenance. Ideal for 1031 exchange investors or local portfolio builders seeking rock-solid, low-operational-demand ownership in one of New York's most resilient markets. Key Highlights: Stabilized Income: Current monthly gross rents $9,750. Normalized annual operating income: $118,200. Strong NOI: Annualized Net Operating Income $91,571. Recent Renovations (Past 2 Years): New roof, siding, parking lot/driveway, landscaping, HVAC systems, electrical/plumbing/lighting fixtures, refinished hardwood floors, fresh paint, all-new kitchens (quartz counters, stainless appliances, cabinets), all-new bathrooms (tile, vanities, fixtures), in-unit laundry, and more - literally everything updated for modern, worry-free operation. Unit Mix: Mix of 2-bed/1-2 bath and studio units with in-unit laundry and off-street parking - high tenant appeal in a tourism/healthcare/tech-driven area. Market Strength: Saratoga Springs enjoys steady rent growth, low multifamily vacancies (regional ~2-5%), and strong demand from seasonal events, downtown vibrancy, and Capital Region job growth. https://turnkey58lincoln.lovable.app
Details
Maps
Documents
Contract Information
Status: Closed
Property Sub Type: Multi Family
Original List Price: 1425000
Sold Price: $1,425,000
Current Price: $1,425,000
Listing Contract Date: 2026-02-06
List Price/SqFt: 401.52
Location
Street Number: 58
Street Name: Lincoln
Street Suffix: Avenue
County: Saratoga
State/Province: NY
Postal Code: 12866
City/Town (Mail): Saratoga Springs
Geo Lat: 43.073192
Geo Lon: -73.785499
Property Detail
Number Of Units Total: 5
Rooms Total: 27
Bedrooms Total: 8
Bathrooms Full: 6
Bathrooms Half: 1
Year Built: 1900
Above Grade Finished Area: 3549
Above Grade Finished Area Source: Assessor
Below Grade Finished Area Source: Assessor
Living Area: 3549
Lot Size Acres: 0.15
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Parking Y/N: Yes
Status Change Info
Status Change Date: 2026-05-09
Under Contract Date: 2026-02-21
Sold Date: 2026-05-07
Sold Price: $1,425,000
Sold Price/SqFt: 401.52
Bath Levels
Full Bath 1: 1st
Full Bath 2: 1st
Full Bath 3: 2nd
Full Bath 4: 2nd
Full Bath 5: 1st
Full Bath 6: 2nd
Half Bath 1: 2nd
Photos - the contractual owner of the photos
Photo Owner: Seller/Landlord
Special Listing Conditions
Ownership: Listing Broker is the owner
Income And Expenses
Total Income: 118200
Net Operating Income: 91591
Parking Features
Parking Total: 5
Separate Utilities
Number Of Separate Electric Meters: 5
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 1st
Monthly Rent MF Unit 1: 1770
Lease Term MF Unit 1: 12 Months
Total Rooms MF Unit 1: 5
Total Bedrooms MF Unit 1: 2
Total Full Baths MF Unit 1: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 2nd
Monthly Rent MF Unit 2: 2285
Lease Term MF Unit 2: 12 Months
Total Rooms MF Unit 2: 7
Total Bedrooms MF Unit 2: 2
Total Full Baths MF Unit 2: 1
Total Half Baths MF Unit 2: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 2nd
Monthly Rent MF Unit 3: 1245
Total Rooms MF Unit 3: 3
Total Full Baths MF Unit 3: 1
Multi-Family Unit 4 Detail
Unit Location MF Unit 4: 1st
Monthly Rent MF Unit 4: 1930
Lease Term MF Unit 4: 12 Months
Total Rooms MF Unit 4: 5
Total Bedrooms MF Unit 4: 2
Total Full Baths MF Unit 4: 1
Multi-Family Unit 5 Detail
Unit Location MF Unit 5: 1st/2nd
Monthly Rent MF Unit 5: 2520
Lease Term MF Unit 5: 12 Months
Total Rooms MF Unit 5: 9
Total Bedrooms MF Unit 5: 3
Total Full Baths MF Unit 5: 2
Property Features
Architectural Style: Apartment 4 Plus Unit
Attic Features: Hatch
Basement: Unfinished
Construction Materials: Vinyl Siding
Cooling: AC Pump; Central Air
Exterior Features: Garden
Fencing: Perimeter
Flooring: Ceramic Tile; Hardwood
Heating: Ductless; Forced Air
Parking Features: Driveway
Possession: At Closing
Roof: Asphalt
Separate Utilities: Electric; Gas; Heat
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice; Agent to Accompany; Call Listing Agent; Call Owner; No Sign; Other
Tenant Pays: Internet; Sewer; Trash Collection; Water
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
