58 Lincoln Avenue | Image 1
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58 Lincoln Avenue | Image 2
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$1,425,000

2 days ago

8 Bed

7 Bath

3549 sqft

5 Parking

MLS® 202611669

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 3549 sqft
Garage No
Taxes $8,216
Days Active 1
Lot Size 0.15 acres
Approx. Age 1900
Avg. Price Per Sqft $401
MLS® Number 202611669

Property Address: 58 Lincoln Avenue, Saratoga Springs, NY, 12866

Average square foot calculated using Size range provided by listing agent.

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
MLS® Number202611669
Laundry Level
Central VacNo
FireplaceNo
Acreage0.15
Exterior
GarageNo
Approx. Age1900
BasementUnfinished
DrivewayDriveway
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 6, 2026List Date
$1,425,000List Price
  • Commute

Commute

Starting Address
Destination Address
58 Lincoln Avenue, Saratoga Springs, NY

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