58 Lincoln Avenue
Saratoga Springs, NY, 12866 $ 1,425,000
Bedrooms8 Baths6.1 Sq 3,549 Monthly Estimate*
$ 8,774
for $1,425,000 with 8 bedrooms and 6 full baths, 1 half bath. This 3,549 square foot home was built in 1900 on a lot size of 0.15.
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. https://turnkey58lincoln.lovable.app
See more
FeaturesGeneralSewer Public Sewer
Heating Ductless Forced Air
Cooling AC Pump Central Air
Possession At Closing
Roof Asphalt
Garage Spaces 0.0
Architectural Style Apartment 4 Plus Unit
Construction Materials Vinyl Siding
Year Built 1900
Tenant Pays Trash Collection Sewer Internet Water
Property Subtype Multi Family
Ownership Listing Broker is the owner
County Saratoga
New Construction N
Property Type MultiFamily
HOA N
Attached Garage N
Full Baths 6
Status Active
Directions 87N to Exit 13. North on Route 9. Left on Lincoln. 1/4 mile on the right.
High School Saratoga Springs
City Saratoga Springs
High School District Saratoga Springs
Number Of Units Total 5
Lot Size Units Acres
Lot Size Square Feet 6534.0
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 8216.38
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://my.matterport.com/show/?m=dgT6jDNKMQT
Standard Status Active
Tax Assessed Value 0
Tax Lot 22.000
See more
InteriorBasement Unfinished
Flooring Ceramic Tile Hardwood
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Above Grade Finished Area 3549.0
Half Baths 1
Total Bedrooms 8
Below Grade Finished Area 0.0
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Total Baths 7
See more
ExteriorExterior Amenities Garden
Fencing Perimeter
Parking Features Driveway
Water Source Public
Total Parking 5.0
Lot Size Area 0.15
Spa N
Lot Size Acres 0.15
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
See more
* Excluded FeaturesList Bybrian.green@exprealty.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $8,774
- Monthly Property Taxes
- $685
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% 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.
Learn more about how to save NearbyMulti-family listings in Saratoga Springs, NY
Average List Price $918,488
Percent of Sale Price 36%
About Saratoga Springs, NY 27,696 Population
6% Since 2002
$ 76,441 Median Income
40.65 Median Age
21% Households with Children
Trends Information provided by ATTOM Data Solutions.
853435 Elementary School
853244 Middle School
Saratoga Springs High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 2/6/2026 | $1,425,000 | | Listed Price |