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… Read More 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 Read Less
Courtesy of Brian Green (518-810-2895), eXp Realty.
Listing Snapshot
Days Online
92
Last Updated
Property Type
Quadruplex
Beds
10
Full Baths
6
Lot Size
0.09 Acres
Year Built
1900
MLS Number
202614878
30 Days Snapshot Of 12866
$992k
+16%
(avg) sold price
39
+11%
homes sold
103
-14%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Basement: "Unfinished"
Building
Architectural Style: "Traditional", Construction Materials: "Vinyl Siding", Living Area: 4,572, Number Of Units Total: 4, Year Built: 1900
Cooling
Cooling Included, Cooling: "Central Air"
Exterior Features
Features: "None", Patio And Porch Features: "Porch", "Covered", Patio And Porch Features: "Porch", "Covered"
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