Ballston Spa, NY Apartment buildings for sale

Updated: May 6

7-Unit Multi-Family Investment

328 Milton Avenue, Ballston Spa, NY 12020

$715,000

4,506 sqft 0.20 AC lot

7‑unit multi‑family in the village of Ballston Spa with 5 one‑bedroom and 2 two‑bedroom apartments
Monthly gross income of $8,630 reported
Major infrastructure upgrades: full electrical system overhaul, extensive plumbing updates, new Navien high‑efficiency boiler, and power‑vented hot water heater
Efficiency improvements include comprehensive insulation and air sealing, plus a flat roof replacement
Renovated apartments plus a coin‑op laundry room and an upgraded front porch

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This listing looks promising.

Here's a quick look at some key insights for

328 Milton Avenue, Ballston Spa, NY 12020

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Est. Cap Rate

8.4%
Above avg (5.9%)
Est. NOI

$60K
Annual
Price @ 7% Cap

$855K
Above asking
Property Type

Apartments (Generic)
Built 1890

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Updated: Aug 25, 2025

Modern Multifamily Property Near Village

486 Garrett Road, Ballston Spa, NY 12020

$2,390,000

3,360 sqft

Fully leased 10‑unit multifamily property providing strong in‑place income.
Built in 2022, ensuring modern construction and low maintenance.
Ideally located within walking distance to the Village of Ballston Spa.
Each unit is a spacious 1,200 SF, 2‑bedroom/1‑bath townhouse‑style apartment.
High‑end luxury finishes throughout each unit, including granite countertops, stainless steel appliances, and electric fireplace.

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Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Ballston Spa, NY, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Prime Saratoga Springs Mixed-Use Land

237 Washington Street, Saratoga Springs, NY 12866

$900,000

15,000 sqft 0.67 AC lot

0.67 acre lot suitable for mixed-use development.

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Two-Building Multifamily Portfolio

1084 Wendell Ave, Schenectady, NY 12308

$1,700,000

Two multifamily buildings totaling 10 units, with recently renovated interiors and current full occupancy.

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Multifamily & Development Parcel

460 Cold Spring Road, Saratoga Springs, NY 12866

$3,500,000

4,738 sqft 21.20 AC lot

Multifamily property with multiple structures and SLZ-1 zoning supporting residential development and select commercial uses.

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Two Apartment Buildings For Sale

4 River Street, Schenectady, NY 12305

$1,479,000

Two buildings totaling 12 units in Schenectady County, NY.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Detached Two-Family Residence

69 Martense Street, Brooklyn, NY 11226

$1,888,888

0.10 AC lot

Detached two-family home with two 3-bedroom apartments and a semi-finished basement featuring a separate entrance.

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Land Near Shepherd University

8285 MARTINSBURG Pike, Shepherdstown, WV 25443

$650,000

3.70 AC lot

Prime land near Shepherd University with development potential.

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Central Business Zoned Development Land

107 HOWARD Street, La Plata, MD 20646

$250,000

0.23 AC lot

Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

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Asheville Development Opportunity: 5.94 Acres

215 N Bear Creek Road, Asheville, NC 28806

$2,500,000

5.94 AC lot

5.94-acre parcel zoned RM6, ideal for multi-family development.

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Ballston Spa, NY Apartment Buildings Market Trends and Statistics

Explore 2 apartment buildings for sale in Ballston Spa, NY on our real estate platform. These investment opportunities span a total of 7,866 square feet of properties for sale, with an estimated market value of $3,105,000.

Sale prices for two-family homes in Ballston Spa, NY start at $715,000, averaging $1,552,500, and reaching up to $2,390,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
12020	$2.8M

Neighborhood

Average Price

12020

$2.8M