1 Oak Street, Saratoga Springs, NY 12866
1 Oak Street, Saratoga Springs, NY 12866,Video Tour
1 Oak Street, Saratoga Springs, NY 12866
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Listed by Brian Green • eXp Realty
$1,295,000
Est. payment /mo
10 Beds
6 Baths
4,572 SqFt
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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Pending

Purchase Type For Sale

Square Footage 4,572 sqft

Price per Sqft $283

MLS Listing ID 202614878

Bedrooms 10

Full Baths 6

HOA Y/N No

Year Built 1900

Annual Tax Amount $10,627

Lot Size 3,920 Sqft

Acres 0.09

Property Sub-Type Quadruplex

Source Global MLS

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

Location

State NY

County Saratoga

Direction Exit 13N to Broadway. Left on West Circular. Right on Beekman. Slight right onto S. Franklin. Property on corner of S. Franklin and Oak.

Interior

Heating Forced Air

Flooring Tile, Hardwood, Laminate

Exterior

Exterior Feature None

Parking Features None

Roof Type Rubber,Asphalt

Porch Porch, Covered

Building

Lot Description Corner Lot

Sewer Public Sewer

Water Public

Architectural Style Traditional

Schools

School District Saratoga Springs

Others

Tax ID 411501 165.66-2-57.2

Virtual Tour https://my.matterport.com/show/?m=9oiaShRVePm

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