1 Oak Street, Saratoga Springs, NY 12866

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Property Description

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

1 Oak Street | MLS# 202614878

This multi-family property located at 1 Oak Street, Saratoga Springs, NY 12866 is currently listed for sale with an asking price of $1,295,000. Oak Street is located within the Saratoga Springs school district. Search Saratoga Springs real estate on www.coldwellbankerprime.com today.

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Property Features

Property Type: Multi Unit - Multiple
Basement: Unfinished
Basement: Yes
Cooling: Central Air
Heating: Forced Air
Home Style: Traditional
Lot Size: 0.09 Acres
Roof Type: Rubber, Asphalt
Taxes: $10,627
Year Built: 1900

Feature Descriptions

Days on Site: 51
Exterior: None
Exterior: Vinyl Siding
Fencing: Back Yard
Flooring: Tile, Hardwood, Laminate
Lot: Corner Lot
Parcel #: 411501 165.66-2-57.2
Parking: None
Patio/Porch: Porch, Covered
Sewer: Public Sewer
SQFT Above Grade Finished: 4572
Water: Public

Local Schools

High School: Saratoga Springs
School District: Saratoga Springs

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Estimated Payment

$ 4,145.40 per month $2,882.11 Principal & Interest $885.58 Property Tax $377.71 Homeowner's Insurance

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Demographics

Listed By / Shown By

Listing By

Agency Name: eXp Realty
Agency Phone: 1 888-276-0630

Shown By

Agency Title: Coldwell Banker Prime Properties
Agency Phone: 866-323-CBPP

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