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

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Building Relationships Based on Trust, Honesty and Dedication

1 Oak StreetSaratoga Springs, NY 12866Price: $1,295,000

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Building Relationships Based on Trust, Honesty and Dedication

1 Oak StreetSaratoga Springs, NY 12866Price: $1,295,000

$/month over payments

Listing Tools

$/month over payments

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Property Details of 1 Oak Street

Property Details

Basic Information

Property

Location

Finance

Interior Features

Beds/Baths

Bathrooms

Basement

Utilities and Appliances

Utilities and Appliances

Community

Schools

Map Location

Driving Directions

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Signature ONE Realty Group

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