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 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
Property Type(s):
Multi Family
|
Last Updated
|
4/11/2026
|
Year Built
|
1900
|
|
County
|
Saratoga
|
SCHOOLS
| High School |
Saratoga Springs |
Additional Details
| AIR |
Central Air |
| AIR CONDITIONING |
Yes |
| BASEMENT |
Unfinished, Yes |
| CONSTRUCTION |
Vinyl Siding |
| EXTERIOR |
None |
| HEAT |
Forced Air |
| LOT |
3920 sq ft |
| LOT DESCRIPTION |
Corner Lot |
| LOT DIMENSIONS |
0.09 |
| PARKING |
None, No Garage |
| SEWER |
Public Sewer |
| STYLE |
Traditional |
| TAXES |
10627 |
| UTILITIES |
Sewer Connected |
| WATER |
Public |
Location
This listing courtesy of eXp Realty
Listing information is deemed reliable, but not guaranteed.
This IDX solution is (c) Diverse Solutions 2026.
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