$6,500,000
Saratoga Springs, NY 12866
MLS# 202618875
22 baths
1 / 65
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/Acres: 6435643.56
Status: Active
Property Sub Type: Multi Family
List Price: $6,500,000
Listing Contract Date: 2026-06-04
Current Price: $6,500,000
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: 43.076603
Geo Lon: -73.779301
Property Detail
Number Of Buildings: 1
Parking Y/N: Yes
Lot Size Square Feet: 43996
Zoning: Multi Residence
Lot Size Dimensions: 184FF
Lot Size Acres: 1.01
Building Available SQFT: 16562
Waterfront Y/N: No
Year Built: 1930
Bathrooms Total: 22
Parcel, Tax, HOA
New Construction Y/N: No
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
Elementary School: Lake Avenue
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
Current Use
Multi-Family: 1
Architectural Style
Apartments: 1
Cooling
Other: 1
Basement
Full: 1
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
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
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
Private: 1
Patio And Porch Features
Composite Deck: 1
Deck: 1
Patio: 1
Porch: 1
Tenant Pays
Electricity: 1
Status Change Info
Status Change Date: 2026-06-04
Property Features
Architectural Style: Apartments
Basement: Full
Construction Materials: Brick
Cooling: Other
Current Use: Multi-Family
Exterior Features: Garden; Lighting
Flooring: Carpet; Ceramic Tile; Hardwood
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; Private
Patio And Porch Features: Composite Deck; Deck; Patio; Porch
Possession: At Closing
Roof: Asphalt
Sewer: Public Sewer
Showing Requirements: Call Listing Agent
Special Listing Conditions: Standard
Tenant Pays: Electricity
Water Source: Public
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