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50-52 Gates Avenue Victory Mills, NY $ 825,000
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$ 825,000 Get more info
50-52 Gates Avenue
$ 825,000
Back to search
Share Save

50-52 Gates Avenue

Victory Mills, NY, 12884
$ 825,000
Bedrooms17 Baths8.0 Sq 11,300

Monthly Estimate*

$ 5,147

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Multi-Family Home for sale in Victory Mills, NY

for $825,000 with 17 bedrooms and 8 full baths. This 11,300 square foot home was built in 1940 on a lot size of 0.74.

Investors & Developers Take Note! This rare multifamily opportunity offers 8 fully occupied residential units across two adjacent buildings along Fish Creek (50 Gates Ave: four residential units and a vacant commercial storefront and 52 Gates Ave: Four additional units and a coin-operated laundry for tenants) plus a vacant lot offering parking and future development opportunities. Located just a short drive from Saratoga Springs and GlobalFoundries, this investment is perfectly positioned in one of Saratoga County's most promising areas with an increasing demand for rentals. With a gross annual income of $110,400 this is a strong cash-flowing asset with long-term potential. Don't miss this chance to own a high-yield, mixed-use portfolio in Victory Mills, a hidden gem in Saratoga County.

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Multi-Family Active

Price

$ 825,000

Bedrooms

17

Full Bath

8

Property Type

Multi-Family

Taxes

$ 7,918

Style

Apartment 4 Plus Unit

Lot Size

0.74

Year Built

1940

Town/City

Victory Mills

County/Region

Saratoga

MLS | Web ID

202515254
Features
General
Sewer Public Sewer
Heating Baseboard Propane
Cooling None
Utilities Cable Available
Possession Subject To Tenant Rights At Closing
Roof Shingle Asphalt
Garage Spaces 0.0
Patio/Porch Features Porch
Architectural Style Apartment 4 Plus Unit
Construction Materials Brick Vinyl Siding
Year Built 1940
Tenant Pays Heat Electricity Gas
Property Subtype Multi Family
County Saratoga
Insurance Expense 4000.0
New Construction N
Property Type MultiFamily
HOA N
MaintenanceExpense 4000.0
Full Baths 8
Status Active
Directions From Degarmo Rd Turn left onto NY-32 N Destination will be on the right
High School Schuylerville
City Victory
High School District Schuylerville
Number Of Units Total 8
Lot Size Units Acres
Lot Size Square Feet 32234.4
Carport Y/N N
Elementary School Schuylerville
Land Lease Y/N N
Tax Annual Amount 7918.0
Electric Expense 2400.0
Home Warranty Y/N N
Water Sewer Expense 8157.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Tax Assessed Value 209700
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Interior
Basement Exterior Entry Sump Pump Unfinished
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Above Grade Finished Area 11300.0
Half Baths 0
Total Bedrooms 17
Below Grade Finished Area 0.0
Below Grade Finished Area Source Public Records
Above Grade Finished Area Source Public Records
Total Baths 8
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Exterior
Exterior Amenities None
Water Source Public
Total Parking 16.0
Lot Size Area 0.74
Spa N
Lot Size Acres 0.74
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 5052
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* Excluded Features
List By
Justin Grassi

Listing Agent

Just In New York Real Estate Llc

Broker

(518) 424-9064

Phone

justinmgrassi@gmail.com

Email

Affordability Calculator

$5,807
Per Month
89%
11%
0%
Monthly Principal & Interest
$5,147
Monthly Property Taxes
$660
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3061612 Elementary School
853096 Middle School
Schuylerville High School High School
Pricing History
DatePricePrice ChangeDescription
4/14/2025$825,000 Listed Price

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50-52 Gates Avenue, Victory Mills, NY, 12884 is a Multi-Family Home for sale at $825,000 with 11,300 sqft and a lot size of 0.74. 50-52 Gates Avenue has 17 bedrooms, 8.0 baths, and was built in 1940. The property's zip code is 12884 which is in Victory Mills, NY

Get more info