$ 1,425,000
-
$1,425,000
Price -
8
Bed -
7
Bath -
3,549
SqFt
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About the Listing o2849E - 35575
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
Listing Highlights
Interior Details
- Bedrooms: 8
- Bathrooms: 6 Full / 1 Half
- Appliances:
- Air Cond: AC Pump,Central Air
- Heating: Ductless,Forced Air
- Fireplaces:
- Floor: Ceramic Tile,Hardwood
- Above Ground Sq Ft: 3549
- Below Ground Sq Ft: 0
- Basement: Unfinished
- Other:
- Water: Public
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 5
- Roof: Asphalt
- Others: Garden
- Sewer: Public Sewer
- Parking Features: Driveway
Financial Details
- Tax Amount: $8,216
- Taxes w/Assessments: N/A
- Tax/Property ID: 411501 165.83-2-22
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
58 Lincoln Ave Saratoga Springs, NY 12866
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