58 Lincoln Avenue Saratoga Springs, NY 12866
Listing by: GLOBAL MLS / eXp Realty

  58 Lincoln Avenue Saratoga Springs, NY 12866

Pending (41 Days)
$1,425,000 (USD)
8
BED
7
BATH
3,549
SQFT

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 #:
202611669
Taxes
$8,216
Lot Size
6,534 SQFT
Type
Multifamily
Year Built
1900
Style
Apartment 4 Plus Unit
County
Saratoga County

Listed By

Brian Green, eXp Realty
Source
GLOBAL MLS
Last checked Apr 3 2026 at 10:57 PM GMT+0000
Bathroom Details
  • Full Bathrooms: 6
  • Half Bathroom: 1
Heating and Cooling
  • Forced Air
  • Ductless
  • Central Air
  • Ac Pump
Flooring
  • Ceramic Tile
  • Hardwood
Exterior Features
  • Garden
Utility Information
  • Sewer: Public Sewer
Parking
  • Driveway
Living Area
  • 3,549 sqft
Location
   
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Disclaimer: Copyright 2026 Global MLS. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 4/3/26 15:57