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58 Lincoln Ave
Saratoga Springs NY 12866 US

$1,425,000

Active Under Contract Listing ID 11642862
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7.00 Bath (6 Full , 1 Half)
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Lot: 0.15 Acres
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Other

$1,425,000

Active Under Contract Listing ID 11642862
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58 Lincoln Ave 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.

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Property Features

  • Facts
  • Lot Size: 0.15 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 6
  • 1/2 Bathrooms: 1
  • Floor Covering: Hardwood, Tile
  • Roof Type: Asphalt
  • Heating Fuels: Heat Pump (Heating), Forced Air, Electric (Heating), Natural Gas

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 1425000
  • unparsedaddress: 58 Lincoln Ave
  • postalcity: Saratoga Springs
  • stateorprovince: NY
  • country: US
  • postalcode: 12866
  • bathroomsfull: 6
  • bathroomshalf: 1
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.15
  • lotsizeunits: Acres
  • lotsizearea: 0.15
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 43.073188
  • longitude: -73.785535
  • listagentfullname: Brian Green
  • listagentemail: livehere@greenspringsco.com
  • listagentkey: 3yd-NYSMLS-215377
  • listagentmlsid: 215377
  • listagentofficephone: 5185047767
  • listofficekey: 3yd-NYSMLS-24755
  • listofficemlsid: 24755
  • disclaimer: Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: NYSMLS
  • listingcontractdate: 2026-02-06
  • countyorparish: Saratoga
  • highschooldistrict: SARATOGA SPRINGS CITY SD
  • flooring: Hardwood, Tile
  • heating: Heat Pump (Heating), Forced Air, Electric (Heating), Natural Gas
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 0
  • roof: Asphalt
  • waterfrontyn: False
  • franchiseaffiliation: None
  • rooms: Bathroom 3, Bathroom 1, Bathroom 6, Bathroom 5, Bathroom 7, Bathroom 4, Bathroom 2
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -73.78554, 43.07319
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"GREEN SPRINGS PROPERTY MANAGEMENT LLC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"livehere@greenspringsco.com", "ListBrokerageCity":"GREENFIELD CENTER", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"GREEN SPRINGS PROPERTY MANAGEMENT LLC", "ListBrokeragePhone":null, "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":null, "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"15 OLD STONE RIDGE", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":" 15 OLD STONE RIDGE", "ListOfficeAddress2":"", "ListOfficeBrokerMlsId":"24755", "ListOfficeCity":"GREENFIELD CENTER", "ListOfficeCountry":"US", "ListOfficeEmail":null, "ListOfficePostalCode":"12833", "ListOfficeStateOrProvince":"NY", "ListPriceCurrencyType":"USD", "ListingTitle":"COMMERCIAL - Saratoga Springs, NY", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/58-Lincoln-Ave_Saratoga-Springs_NY_12866_M34532-92384?f=listhub&s=NYSMLS&m=11642862&c=rexren", "MLSModificationTimestamp":"2026-04-11 11:43:57", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 7/2/2026 9:03:20 PM GMT
Source Updated Date: 7/5/2026 1:08:21 AM GMT

Courtesy of: Brian Green, GREEN SPRINGS PROPERTY MANAGEMENT LLC, livehere@greenspringsco.com

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.