$ 1,295,000
-
$1,295,000
Price -
10
Bed -
6
Bath -
4,572
SqFt
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About the Listing o2849E - 35575
Discover this exceptional turn-key 4-unit multifamily investment at 1-3 Oak Street in Saratoga Springs' vibrant Arts District. Fully renovated in 2021 with no deferred maintenance, the 4,572 sq ft building delivers immediate, stable cash flow from 100% occupancy and $107,575 in total operating income (including $100,560 gross rents from a premium furnished 2/2 unit plus two 3/1s and another 2/2). The property generates a solid 6.0% cap rate on $77,153 NOI at the $1,295,000 asking price, with modern kitchens, updated baths, new appliances, HVAC, electrical, plumbing, flooring, and a new roof. Classic double-porch architecture blends charm with low-maintenance operations, including in-unit laundry. Located steps from Broadway's dining and shops, SPAC, and the Saratoga Race Track, this asset benefits from sub-4% vacancy rates, 3-5% annual rent growth, and strong demand driven by tourism, healthcare, education, and tech. Ideal for hands-off investors or a 1031 exchange, it offers proven performance and appreciation potential in one of New York's most resilient and desirable markets
Listing Highlights
Interior Details
- Bedrooms: 10
- Bathrooms: 6 Full
- Appliances:
- Air Cond: Central Air
- Heating: Forced Air
- Fireplaces:
- Floor: Tile,Hardwood,Laminate
- Above Ground Sq Ft: 4572
- Below Ground Sq Ft: 0
- Basement: Unfinished
- Other:
- Water: Public
Exterior Details
- Lot Description: Corner Lot
- Garage Capacity: N/A
- Roof: Rubber,Asphalt
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: $10,627
- Taxes w/Assessments: N/A
- Tax/Property ID: 411501 165.66-2-57.2
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
1 Oak St Saratoga Springs, NY 12866
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