1 Oak Street
Saratoga Springs, NY 12866
$1,309,000
Discover this exceptional turn-key 4-unit multifamily investment at 1-3 Oak Street in Saratoga Springs' vibrant Arts District. Fully renovated in 2021 with no deferred maintenance, the 4,572 sq ft building delivers immediate, stable cash flow from 100% occupancy and $107,575 in total operating income (including $100,560 gross rents from a premium furnished 2/2 unit plus two 3/1s and another 2/2). The property generates a solid 6.0% cap rate on $77,153 NOI at the $1,295,000 asking price, with modern kitchens, updated baths, new appliances, HVAC, electrical, plumbing, flooring, and a new roof. Classic double-porch architecture blends charm with low-maintenance operations, including in-unit laundry.
Located steps from Broadway's dining and shops, SPAC, and the Saratoga Race Track, this asset benefits from sub-4% vacancy rates, 3-5% annual rent growth, and strong demand driven by tourism, healthcare, education, and tech. Ideal for hands-off investors or a 1031 exchange, it offers proven performance and appreciation potential in one of New York's most resilient and desirable markets
| Listing Id: | 202614878 |
|---|---|
| List Price: | $1,295,000 |
| Close Price: | $1,309,000 |
| Close Date: | 2026-07-20 |
| Property Type: | Multi-Family |
| Property Sub Type: | Quadruplex |
| Status: | Closed |
| Bedrooms Total: | 10 |
| Bathrooms Full: | 6 |
| Living Area: | 4,572 |
| Tax Annual Amount: | $10,627 |
| Lot Size Square Feet: | 3,920.4 |
| Lot Size Acres: | 0.09 |
| Architectural Style: | Traditional |
| Waterfront?: | No |
| City: | Saratoga Springs |
| County Or Parish: | Saratoga |
| Subdivision Name: | Select One |
| Postal Code: | 12866 |
| Year Built: | 1900 |
| List Agent Full Name: | Brian Green |
| Buyer Agent Full Name: | Jamie M Mazuryk |
| Cooling: | Central Air |
| Exterior Features: | None |
| Lot Size Units: | Acres |
| Patio And Porch Features: | Porch, Covered |
| Heating?: | Yes |
| Bathrooms Total Integer: | 6 |
| Cooling?: | Yes |
| Basement: | true |
| Basement: | Unfinished |
| State Or Province: | NY |
| Lot Features: | Corner Lot |
| Sewer: | Public Sewer |
| Fencing: | Back Yard |
| High School: | Saratoga Springs |
| Roof: | Rubber, Asphalt |
| Lot Size Area: | 0.09 |
| Parking Features: | None |
| Documents Change Timestamp: | 2026-04-14T17:36:25Z |
| Heating: | Forced Air |
| Directions: | Exit 13N to Broadway. Left on West Circular. Right on Beekman. Slight right onto S. Franklin. Property on corner of S. Franklin and Oak. |
| Flooring: | Laminate, Hardwood, Tile |
| Listing Contract Date: | 2026-04-11 |
| Parcel Number: | 411501 165.66-2-57.2 |
| List Agent Key: | 20240807205509638661000000 |
| Construction Materials: | Vinyl Siding |
| Water Source: | Public |
| High School District: | Saratoga Springs |
| Above Grade Finished Area: | 4,572.0 |
| Buyer Agent Key: | 20211012215509762046000000 |
| Buyer Office Key: | 20211012214003595093000000 |
| Postal City: | Saratoga Springs |
| Above Grade Finished Area Source: | Assessor |
| Original List Price: | $1,295,000 |
| Possession: | At Closing |
| Pending Timestamp: | 2026-04-25 |
| Below Grade Finished Area Source: | Tax Bill |
| Buyer Agent Middle Name: | M |
| Ownership: | Broker Owned |
| Bathrooms Total Decimal: | $6.00 |
| Property Detail Enhanced Accessible Yn2: | No |
| Status Change Info Sold Price Sq Ft2: | $286.31 |
| Parcel Tax Hoa Total Taxes Description: | Actual |
| Bath Levels Full Bath 1: | 1st |
| Bath Levels Full Bath 2: | 1st |
| Bath Levels Full Bath 3: | 1st |
| Bath Levels Full Bath 4: | 1st |
| Bath Levels Full Bath 5: | 2nd |
| Bath Levels Full Bath 6: | 2nd |
| Multi Family Unit 1 Detail Unit Location Mf Unit 1: | 1st |
| Multi Family Unit 1 Detail Lease Term Mf Unit 1: | 12 Months |
| Multi Family Unit 1 Detail Total Rooms Mf Unit 1: | 6 |
| Multi Family Unit 1 Detail Total Bedrooms Mf Unit 1: | 2 |
| Multi Family Unit 1 Detail Total Full Baths Mf Unit 1: | 2 |
| Multi Family Unit 2 Detail Unit Location Mf Unit 2: | 1st |
| Multi Family Unit 2 Detail Lease Term Mf Unit 2: | 12 Months |
| Multi Family Unit 2 Detail Total Rooms Mf Unit 2: | 6 |
| Multi Family Unit 2 Detail Total Bedrooms Mf Unit 2: | 2 |
| Multi Family Unit 2 Detail Total Full Baths Mf Unit 2: | 2 |
| Multi Family Unit 3 Detail Unit Location Mf Unit 3: | 2nd |
| Multi Family Unit 3 Detail Lease Term Mf Unit 3: | 12 Months |
| Multi Family Unit 3 Detail Total Rooms Mf Unit 3: | 6 |
| Multi Family Unit 3 Detail Total Bedrooms Mf Unit 3: | 3 |
| Multi Family Unit 3 Detail Total Full Baths Mf Unit 3: | 1 |
| Multi Family Unit 4 Detail Unit Location Mf Unit 4: | 2nd |
| Multi Family Unit 4 Detail Lease Term Mf Unit 4: | 12 Months |
| Multi Family Unit 4 Detail Total Rooms Mf Unit 4: | 6 |
| Multi Family Unit 4 Detail Total Bedrooms Mf Unit 4: | 3 |
| Multi Family Unit 4 Detail Total Full Baths Mf Unit 4: | 1 |
| Unit 1 Detail Total Bedrooms3: | 2 |
| Unit 2 Detail Total Bedrooms4: | 2 |
| Unit 3 Detail Total Bedrooms5: | 3 |
| Unit 4 Detail Total Bedrooms6: | 3 |
| Approval Status: | Yes |
| Photos - the contractual owner of the photos Photo Owner 3: | Seller/Landlord |
| Separate Utilities: | Electric, Gas |
| Architectural Style: | Traditional |
| Exterior Features: | None |
Listing Courtesy of: eXp Realty
Listing Agent: Brian Green
518-810-2895
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Data last updated October 08, 2026 05:02 PM - ET.
Property Last Updated: October 08, 2026 05:02 PM - ET
