Sharon FronkRealtor® · Howard Hanna
LoadingSold · listed at $1,295,000
Saratoga Springs, NY 12866 · Saratoga County
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
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Saratoga Springs is in Saratoga County, NY. There are currently 199 active listings here, ranging from $14,000 to $9,299,000. Listings in this address fall under the Saratoga Springs school district.
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eXp Realty · Listed by Brian Green (35575)
Contact: 518-810-2895
MLS #202614878 · Source: Global MLS, Inc.
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Every change captured by Global MLS since this listing went live.
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