$715,000

328 Milton Avenue, Ballston Spa, NY 12020

  • 9 beds |
  • 7 baths |
  • 4,506 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1890
  • Property Lot Size Icon8,712sqft lot
  • Property Parking Icon 1 car garage
  • Property Price Per Square Feet Icon $159/sqft
  • Property List Date Icon Listed 14 days ago

Property Description

Rare 7-Unit investment gem in the heart of Ballston Spa. Discover a turnkey addition to your portfolio with this exceptional 7-unit multi-family property, perfectly positioned in the vibrant and historic village of Ballston Spa. Located within easy walking distance to local boutiques, popular eateries, and village festivals. The building features a high-demand unit mix consisting of five spacious 1-bedroom apartments and two 2-bedroom units, producing a strong immediate cash flow with a monthly gross income of $8,630. Rest easy knowing the heavy lifting has been completed through substantial renovations over the last several years. Major infrastructure upgrades include a full electrical system overhaul, extensive plumbing updates, a new Navien high-efficiency boiler, and a power-vented hot water heater. The building's efficiency has been further enhanced with comprehensive insulation, air sealing, and a flat roof replacement. Beyond the mechanicals, the property shines with renovated apartments, a coin-op laundry room, and upgraded front porch. The exterior boasts excellent curb appeal with updated walkways, a charming patio, and off-street parking. A garage on-site provides additional flexibility for one-car parking or potential additional income for tenant storge. A complete list of renovations and financial documents are available for review. Please note that showing times are restricted to respect tenant privacy. Don't miss this rare opportunity to own a high-performing asset in one of Saratoga County's most desirable rental markets. Parking lot for 4 cars to the right of property, 2 more cars to the left. Priced to sell, serious investors only.

Listing Status:
Pending
Date Added:
May 7, 2026
Data Last Updated:
May 20, 2026 at 1:39PM
Listing Office:
High Rock Realty : 518-691-0669
Listing Agent:
Daniel Munn : 518-281-4113
MLS ID:
202616647
  • General: High Speed Internet
  • Basement: Partial
  • Flooring: LaminateHardwoodVinyl
  • Heating: Baseboard
  • General: Garage(s)
  • Style: Apartment 4 Plus Unit
  • Other Structures: Garage(s)
  • Parking: Off StreetStoneGarageParking spaces: 6
  • Roofing: RubberShingleAsphalt
  • General: Aluminum SidingStone
  • Originating MLS: Global MLS
  • School District: Ballston Spa
  • County: Saratoga
  • Zoning: Commercial414201 203.80-2-1
  • View: Downtown
  • Utilities: 200+ Amp Service
  • Water: Public
  • Sewer: Public Sewer
  • Source: Global MLS

This listing courtesy of Daniel Munn , High Rock Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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