$6,500,000
Saratoga Springs, NY 12866
MLS# 202618874
22 beds
1 / 66
Property Description
Rare opportunity to acquire one of Saratoga Springs' most iconic investment properties with significant value-add potential. In addition to generating strong income from 15 fully occupied apartments, the property may offer condominium conversion potential as well as the opportunity, with town approvals, to develop an additional luxury condo/townhome building of approximately 4,000-6,000 square feet per floor. Pro forma financial information is available upon request for qualified buyers. This stunning Old World brick Victorian mansion has been thoughtfully transformed into 15 exceptional apartments while preserving the timeless character and architectural beauty that make it truly unforgettable. Just 1 block from the Saratoga Race Course and 3 blocks from downtown, this property is a private oasis. A sprawling wraparound porch welcomes visitors. Meandering pathways wind through enchanting perennial gardens, private sitting areas, and a picturesque koi pond frequented by ducks. Residents enjoy raised garden beds for vegetables, herbs, and flowers, creating a rare sense of community and tranquility. Outdoor amenities include patios with pergolas, a rooftop deck, and a charming carriage house. The apartments are every bit as impressive as the grounds. Each residence offers unique charm and character blended with tasteful updates. Spacious floor plans, classic architectural details, and pride of ownership are evident throughout. All 15 units are occupied by long-term tenants in excellent standing, providing stable income from day one. With 35+ off-street parking spaces, residents enjoy a convenience rarely found downtown, while world-class dining, shopping, entertainment, and recreation remain just steps away. Offering a rare combination of historic elegance, exceptional income, an irreplaceable location, and extraordinary future development potential, this is more than an investment property--it's one of Saratoga Springs' most remarkable real estate offerings.
Details
Maps
Contract Information
Original List Price: 6500000
List Price/SqFt: 392.46
Status: Active
Property Sub Type: Multi Family
List Price: $6,500,000
Current Price: $6,500,000
Listing Contract Date: 2026-06-04
Location
City/Town (Mail): Saratoga Springs
Street Number: 72
Street Name: Union
Street Suffix: Avenue
County: Saratoga
State/Province: NY
Postal Code: 12866
Geo Lat: 43.076602
Geo Lon: -73.779301
Property Detail
Number Of Units Total: 15
Rooms Total: 55
Bathrooms Half: 2
Garage Spaces: 0
Above Grade Finished Area: 16562
Above Grade Finished Area Source: CRS
Parking Y/N: Yes
Below Grade Finished Area: 0
Below Grade Finished Area Source: See Remarks
Living Area: 16562
Lot Size Acres: 1.01
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Bedrooms Total: 22
Bathrooms Full: 20
Year Built: 1930
Parcel, Tax, HOA
Parcel Number: 411501 165.76-1-15
Tax Annual Amount: 44431.2
Tax Section: 165.76
Total Taxes Description: Estimated
Tax Block: 1
Tax Lot: 15.000
School District: Saratoga Springs
High School: Saratoga Springs
Association Y/N: No
Directions & Remarks
Directions: Union Ave
Public Remarks: Rare opportunity to acquire one of Saratoga Springs' most iconic investment properties with significant value-add potential. In addition to generating strong income from 15 fully occupied apartments, the property may offer condominium conversion potential as well as the opportunity, with town approvals, to develop an additional luxury condo/townhome building of approximately 4,000-6,000 square feet per floor. Pro forma financial information is available upon request for qualified buyers.
This stunning Old World brick Victorian mansion has been thoughtfully transformed into 15 exceptional apartments while preserving the timeless character and architectural beauty that make it truly unforgettable.
Just 1 block from the Saratoga Race Course and 3 blocks from downtown, this property is a private oasis. A sprawling wraparound porch welcomes visitors. Meandering pathways wind through enchanting perennial gardens, private sitting areas, and a picturesque koi pond frequented by ducks. Residents enjoy raised garden beds for vegetables, herbs, and flowers, creating a rare sense of community and tranquility. Outdoor amenities include patios with pergolas, a rooftop deck, and a charming carriage house.
The apartments are every bit as impressive as the grounds. Each residence offers unique charm and character blended with tasteful updates. Spacious floor plans, classic architectural details, and pride of ownership are evident throughout. All 15 units are occupied by long-term tenants in excellent standing, providing stable income from day one.
With 35+ off-street parking spaces, residents enjoy a convenience rarely found downtown, while world-class dining, shopping, entertainment, and recreation remain just steps away.
Offering a rare combination of historic elegance, exceptional income, an irreplaceable location, and extraordinary future development potential, this is more than an investment property--it's one of Saratoga Springs' most remarkable real estate offerings.
Sewer
Public Sewer: 1
Architectural Style
Apartment 4 Plus Unit: 1
Other: 1
Fencing
Wrought Iron: 1
Attic Features
Hatch: 1
Basement
Full: 1
Bath Levels
Full Bath 1: 1st
Full Bath 2: 2nd
Full Bath 3: 2nd
Full Bath 4: 2nd
Full Bath 5: 3rd
Full Bath 6: 3rd
Full Bath 7: 1st
Full Bath 8: 2nd
Full Bath 9: 2nd
Full Bath 10: 1st
Half Bath 1: 1st
Half Bath 2: 1st
Lot Features
Corner Lot: 1
Garden: 1
Landscaped: 1
Level: 1
Construction Materials
Brick: 1
Other Structures
Shed(s): 1
Photos - the contractual owner of the photos
Photo Owner: Combination Ownership
Possession
At Closing: 1
Exterior Features
Garden: 1
Lighting: 1
Fireplace Features
Gas: 1
Living Room: 1
Flooring
Carpet: 1
Ceramic Tile: 1
Hardwood: 1
Showing Requirements
Call Listing Agent: 1
Special Listing Conditions
Standard: 1
Roof
Asphalt: 1
Water Source
Public: 1
Foundation Details
Stone: 1
Heating
Baseboard: 1
Electric: 1
Forced Air: 1
Hot Water: 1
Natural Gas: 1
Interior Features
Built-in Features: 1
Ceramic Tile Bath: 1
Crown Molding: 1
High Speed Internet: 1
Paddle Fan: 1
Stone Countertops: 1
Walk-In Closet(s): 1
Parking Features
Parking Total: 35
Off Street: 1
Paved: 1
Patio And Porch Features
Composite Deck: 1
Deck: 1
Front Porch: 1
Patio: 1
Side Porch: 1
Wrap Around: 1
Separate Utilities
Electric: 1
Tenant Pays
Electricity: 1
Unit Information
Number Of Dishwashers: 15
Number Of Dryers: 10
Number Of Refrigerators: 15
Number Of Stoves: 15
Number Of Washers: 10
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 1
Occupant Type MF Unit 1: Tenant
Total Rooms MF Unit 1: 3
Total Bedrooms MF Unit 1: 1
Total Full Baths MF Unit 1: 1
Total Half Baths MF Unit 1: 1
Unit 1 Includes
Bathroom: 1
Dishwasher: 1
Fireplace: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Unit 1 Owner Furnish Features
Heat: 1
Parking: 1
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 2
Occupant Type MF Unit 2: Tenant
Total Rooms MF Unit 2: 4
Total Bedrooms MF Unit 2: 2
Total Full Baths MF Unit 2: 2
Unit 2 Owner Furnish Features
Heat: 1
Parking: 1
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Unit 2 Includes
Bathroom: 1
Dishwasher: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 3
Occupant Type MF Unit 3: Tenant
Total Rooms MF Unit 3: 5
Total Bedrooms MF Unit 3: 2
Total Full Baths MF Unit 3: 2
Unit 3 Owner Furnish Features
Heat: 1
Parking: 1
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Unit 3 Includes
Bathroom: 1
Dishwasher: 1
Dryer Hookup: 1
Kitchen: 1
Living Room: 1
Stove: 1
Washer Hookup: 1
Multi-Family Unit 4 Detail
Unit Location MF Unit 4: 2
Occupant Type MF Unit 4: Tenant
Total Rooms MF Unit 4: 3
Total Bedrooms MF Unit 4: 1
Total Full Baths MF Unit 4: 1
Unit 4 Owner Furnish Features
Heat: 1
Parking: 1
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Unit 4 Includes
Bathroom: 1
Dishwasher: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Multi-Family Unit 5 Detail
Unit Location MF Unit 5: 2
Occupant Type MF Unit 5: Tenant
Total Rooms MF Unit 5: 4
Total Bedrooms MF Unit 5: 2
Total Full Baths MF Unit 5: 2
Unit 5 Owner Furnish Features
Heat: 1
Parking: 1
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Unit 5 Includes
Bathroom: 1
Dishwasher: 1
Dryer Hookup: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Washer Hookup: 1
Multi-Family Unit 6 Detail
Unit Location MF Unit 6: 1
Occupant Type MF Unit 6: Tenant
Total Rooms MF Unit 6: 3
Total Bedrooms MF Unit 6: 1
Total Full Baths MF Unit 6: 1
Unit 6 Owner Furnish Features
Heat: 1
Parking: 1
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Unit 6 Includes
Bathroom: 1
Dishwasher: 1
Dryer Hookup: 1
Fireplace: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Washer Hookup: 1
Multi-Family Unit 7 Detail
Unit Location MF Unit 7: 1
Occupant Type MF Unit 7: Tenant
Total Rooms MF Unit 7: 5
Total Bedrooms MF Unit 7: 2
Total Full Baths MF Unit 7: 2
Unit 7 Owner Furnish Features
Heat: 1
Parking: 1
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Unit 7 Includes
Bathroom: 1
Dishwasher: 1
Dryer Hookup: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Washer Hookup: 1
Multi-Family Unit 8 Detail
Unit Location MF Unit 8: 1
Total Rooms MF Unit 8: 3
Total Bedrooms MF Unit 8: 1
Total Full Baths MF Unit 8: 1
Total Half Baths MF Unit 8: 1
Unit 8 Owner Furnish Features
Heat: 1
Parking: 1
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Unit 8 Includes
Bathroom: 1
Dishwasher: 1
Dryer Hookup: 1
Fireplace: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Washer Hookup: 1
Status Change Info
Status Change Date: 2026-06-04
Property Features
Architectural Style: Apartment 4 Plus Unit; Other
Attic Features: Hatch
Basement: Full
Construction Materials: Brick
Exterior Features: Garden; Lighting
Fencing: Wrought Iron
Fireplace Features: Gas; Living Room
Flooring: Carpet; Ceramic Tile; Hardwood
Foundation Details: Stone
Heating: Baseboard; Electric; Forced Air; Hot Water; Natural Gas
Interior Features: Built-in Features; Ceramic Tile Bath; Crown Molding; High Speed Internet; Paddle Fan; Stone Countertops; Walk-In Closet(s)
Lot Features: Corner Lot; Garden; Landscaped; Level
Other Structures: Shed(s)
Parking Features: Off Street; Paved
Patio And Porch Features: Composite Deck; Deck; Front Porch; Patio; Side Porch; Wrap Around
Possession: At Closing
Roof: Asphalt
Separate Utilities: Electric
Sewer: Public Sewer
Showing Requirements: Call Listing Agent
Special Listing Conditions: Standard
Tenant Pays: Electricity
Water Source: Public
Unit 1 Includes: Bathroom; Dishwasher; Fireplace; Kitchen; Living Room; Refrigerator; Stove
Unit 1 Owner Furnish Features: Heat; Parking; Sewer; Snow Removal; Trash; Water
Unit 2 Owner Furnish Features: Heat; Parking; Sewer; Snow Removal; Trash; Water
Unit 2 Includes: Bathroom; Dishwasher; Kitchen; Living Room; Refrigerator; Stove
Unit 3 Owner Furnish Features: Heat; Parking; Sewer; Snow Removal; Trash; Water
Unit 3 Includes: Bathroom; Dishwasher; Dryer Hookup; Kitchen; Living Room; Stove; Washer Hookup
Unit 4 Owner Furnish Features: Heat; Parking; Sewer; Snow Removal; Trash; Water
Unit 4 Includes: Bathroom; Dishwasher; Kitchen; Living Room; Refrigerator; Stove
Unit 5 Owner Furnish Features: Heat; Parking; Sewer; Snow Removal; Trash; Water
Unit 5 Includes: Bathroom; Dishwasher; Dryer Hookup; Kitchen; Living Room; Refrigerator; Stove; Washer Hookup
Unit 6 Owner Furnish Features: Heat; Parking; Sewer; Snow Removal; Trash; Water
Unit 6 Includes: Bathroom; Dishwasher; Dryer Hookup; Fireplace; Kitchen; Living Room; Refrigerator; Stove; Washer Hookup
Unit 7 Owner Furnish Features: Heat; Parking; Sewer; Snow Removal; Trash; Water
Unit 7 Includes: Bathroom; Dishwasher; Dryer Hookup; Kitchen; Living Room; Refrigerator; Stove; Washer Hookup
Unit 8 Owner Furnish Features: Heat; Parking; Sewer; Snow Removal; Trash; Water
Unit 8 Includes: Bathroom; Dishwasher; Dryer Hookup; Fireplace; Kitchen; Living Room; Refrigerator; Stove; Washer Hookup
Listing Courtesy of Coldwell Banker Prime Properties
Listing Agent: Lynda J Macdonald
518-421-2016 | Lynda.Macdonald@coldwellbankerprime.com
518-421-2016 | Lynda.Macdonald@coldwellbankerprime.com