Mechanicville, NY 12118 · Saratoga County

This 1925 landmark building in Mechanicville's historic downtown has been thoughtfully converted into 15 high-end apartments, completed in 2020 with new windows, doors, roof, and mechanical systems throughout. The property blends period character with modern amenities: each unit includes in-unit laundry, stainless steel appliances, granite counters, and independent utilities. Common areas encompass a lounge, banquet space, prep kitchen, rooftop terrace, private patios, fitness room, two offices, and twelve storage units, with room to add four more apartments. Fully occupied and generating strong returns, the property sits on a half-acre lot with ample off-street parking in New York's smallest city, known for its working riverfront, railroad heritage, and the nation's oldest continuously operating hydroelectric plant.
Turn Key Investment! Fully occupied. The old Saint Paul's building, converted into 15 High end apartments in late 2020. Combining the elegance of the 1920's with the style and comforts of the 21st century. Owner is the builder and can answer any questions. All new windows, doors, roof & Mechanicals. The Building was set up like a hotel with lots of common space, including: a lounge, banquet space, prep kitchen, rooftop terrace, private outdoor patios, gym, (2)offices, 12 storage units & room to add 4 more apartments, as well as plenty of off street parking. Each Unit runs independently, having their own electric, furnace & h2o heater. As well as washer and dryer, wifi thermostats, granite, SS appliances & much more. With a Cap Rate of nearly 9% it will not last long. CALL TODAY!
The price signals we can read on this listing today. For a true sense of value against recent Mechanicville sales, Sharon will pull the comparable closings and walk you through them.
Curious whether this home is priced right for the neighborhood?
Ask Sharon for the comps25 facts pulled straight from the MLS listing.
The price signals we can read on this listing today. For a true sense of value against recent Mechanicville sales, Sharon will pull the comparable closings and walk you through them.
Curious whether this home is priced right for the neighborhood?
Ask Sharon for the compsTax estimated at the Saratoga County rate. Insurance and PMI are estimates. Sharon can connect you with a lender for real numbers.
Get pre-approved →A free, personalized valuation from Sharon based on real local sales, not an automated estimate.
Google Maps view. Pan, zoom, click a pin to read about a business or place.
Plan a multi-stop route from this address: drop-off the kid, hit the office, head home. Live traffic from Google.
Try a preset
The district this address is assigned to. Ratings and reviews are hosted on GreatSchools.
Assigned districts can change and are not guaranteed. Confirm enrollment boundaries with the district directly before relying on them.
Mechanicville is in Saratoga County, NY. There are currently 26 active listings here, ranging from $120,000 to $3,550,000. Listings in this address fall under the Mechanicville school district. Priced 536% above the Mechanicville median of $535,000.
See Sharon's Mechanicville community guideWho holds this listing, and where the data comes from.
Sharon represents buyers for this property. Your tour, offer, and inquiries go through her, not the listing brokerage.
Red Door Realty NY Inc · Listed by Joseph I Starr (3913)
Contact: 518-727-6333
MLS #202626443 · Source: Global MLS, Inc.
IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Sharon Fronk Real Estate is committed to compliance with the Fair Housing Act and provides equal opportunity in housing.
Real numbers from current MLS data. Not a third-party estimate.
Activity across 2 MLS listings of this property.
Public assessment record for the Mechanicville roll · Mechanicville school district · Apartments
| Year | Assessed value | Full market value | Change |
|---|---|---|---|
| 2025 | $750,000 | $750,000 | -5.7% |
| 2024 | $700,000 | $795,455 | +5.7% |
| 2023 | $700,000 | $752,688 | +7.5% |
| 2022 | $700,000 | $700,000 | -3.6% |
| 2021 | $675,000 | $725,806 |
Assessed and full market values come from the local assessor and lag the market; the tax bill is the assessed value times the town, county and school rates, which the seller’s disclosure will show. STAR and other exemptions are not reflected here.
Outside FEMA-mapped flood hazard areas
This point is not inside any Special Flood Hazard Area or moderate-risk zone on the current FEMA flood map. Flood insurance is optional here and usually inexpensive.
See the official FEMA flood map for this pointSource: FEMA National Flood Hazard Layer, checked 2026-09-18. Zones are drawn by FEMA and can change; an elevation certificate governs insurance.