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518-878-2922

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518-878-2922

  • HOME
  • MEET THE TEAM
  • BUY
  • SELL
  • TESTIMONIALS
  • RESOURCES
  • CONTACT US

58 Lincoln Avenue, Saratoga Springs, NY 12866

58 Lincoln Avenue, Saratoga Springs, NY 12866
MultiFamilyMulti Family58 Lincoln Avenue, Saratoga Springs, NY 12866
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  • Multi Family
  • MultiFamily

58 Lincoln Avenue, Saratoga Springs, NY 12866

  • 8 beds
  • 7 baths
  • 3549
$1,425,000
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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

  • 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

Ask an Agent About This Home

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This Multi Family style property is located in Saratoga Springs is currently MultiFamily and has been listed on Fallati Real Estate Group. This property is listed at $1,425,000. It has 8 beds bedrooms, 7 baths bathrooms, and is . The property was built in 1900 year.

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2026-02-21T20:40:17+00:00
  • 16 Oak Ridge Blvd. Saratoga Springs, NY 12866
  • 518-878-2922
  • Give Us a Call from 8:30AM – 9:30PM
  • christine@fallatigroup.com
  • paul@fallatigroup.com
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