$1,425,000

58 Lincoln Avenue, Saratoga Springs, NY 12866

  • 8 beds |
  • 7 baths |
  • 3,549 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon6,534sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $402/sqft
  • Property List Date Icon Listed 8 days ago

Property Description

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

Listing Status:
Active
Date Added:
February 6, 2026
Data Last Updated:
February 15, 2026 at 12:37AM
Listing Office:
eXp Realty : 888-276-0630
Listing Agent:
Brian Green : 518-810-2895
MLS ID:
202611669
  • Basement: Unfinished
  • Flooring: Ceramic TileHardwood
  • A/C: Heat PumpCentral Air
  • Heating: Forced AirDuctless
  • General: Garden
  • Style: Apartment 4 Plus Unit
  • Parking: DrivewayParking spaces: 5
  • Roofing: Asphalt
  • General: Vinyl Siding
  • Originating MLS: Global MLS
  • School District: Saratoga Springs
  • County: Saratoga
  • Zoning: 411501 165.83-2-22
  • Fencing: Perimeter
  • Water: Public
  • Sewer: Public Sewer
  • Source: Global MLS
  • Ownership: Listing Broker is the owner

This listing courtesy of Brian Green , eXp Realty

Monthly Payment

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

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Location

Schools Nearby

L

Lake Avenue Elementary School

126 Lake Ave, Saratoga Springs, NY, 12866

Grades KG-5

0.75 miles away

M

Maple Avenue Middle School

515 Maple Ave, Saratoga Springs, NY, 12866

Grades 6-8

2.49 miles away

S

Saratoga Springs High School

1 Blue Streak Blvd, Saratoga Springs, NY, 12866

Grades 9-12

0.68 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.