Basics
- Date added: Added 2 months ago
- MLS ID: 202611669
- List Office Name: eXp Realty
- List Agent Email: brian.green@exprealty.com
- List Agent Office Phone: 518-810-2895
- Days On Market: 0
- County: Saratoga
- Living Area sqft: 3549
- Lot Size Acres: 0.15 acres
- Category: MultiFamily
- Type: Multi Family
- Status: Pending
- Bedrooms: 8
- Bathrooms: 7
- Half baths: 1
- Year built: 1900
Description
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Description:
Prime turnkey multifamily investment at 58 Lincoln Avenue, Saratoga Springs, NY 12866 - just steps from Broadway, SPAC, and the iconic Saratoga Race Track. This 5-unit property (built 1900, fully revitalized top-to-bottom in the past 2 years) delivers immediate, hassle-free cash flow with 100% occupancy and no deferred maintenance. Ideal for 1031 exchange investors or local portfolio builders seeking rock-solid, low-operational-demand ownership in one of New York's most resilient markets. Key Highlights: Stabilized Income: Current monthly gross rents $9,750. Normalized annual operating income: $118,200. Strong NOI: Annualized Net Operating Income $91,571. Recent Renovations (Past 2 Years): New roof, siding, parking lot/driveway, landscaping, HVAC systems, electrical/plumbing/lighting fixtures, refinished hardwood floors, fresh paint, all-new kitchens (quartz counters, stainless appliances, cabinets), all-new bathrooms (tile, vanities, fixtures), in-unit laundry, and more - literally everything updated for modern, worry-free operation. Unit Mix: Mix of 2-bed/1-2 bath and studio units with in-unit laundry and off-street parking - high tenant appeal in a tourism/healthcare/tech-driven area. Market Strength: Saratoga Springs enjoys steady rent growth, low multifamily vacancies (regional ~2-5%), and strong demand from seasonal events, downtown vibrancy, and Capital Region job growth. https://turnkey58lincoln.lovable.app
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Directions
- Directions: 87N to Exit 13. North on Route 9. Left on Lincoln. 1/4 mile on the right.
Building Details
- Construction Materials: Vinyl Siding
- Garage Spaces: 0
- Basement: Unfinished
- Roof: Asphalt
- Architectural Style: Apartment 4 Plus Unit
- Fencing: Perimeter
Interior Features
- Floor Covering: Ceramic Tile, Hardwood
- Heating: Ductless, Forced Air
- Cooling: AC Pump, Central Air
- Above Grade Finished Area Source: Assessor
- Bathrooms Full: 6
Exterior Features
- Parking: Driveway
- Exterior Features: Garden
- Lot Size Units: Acres
- Lot Size Area: 0.15
Amenities & Features
- Sewer: Public Sewer
- Water: Public
Financial
- Possession: At Closing
- Tax Annual Amount: $8,216.38
- Tax Block: 2
- Tax Lot: 22.000
- Tax Tract: 165.83
School Information
- High School: Saratoga Springs
- High School District: Saratoga Springs

