Corner-Lot Duplex with
For Sale
$898,000
111-113 East Avenue, Saratoga Springs, NY 12866
MultiFamily, Saratoga Springs, NY
Property Size2,992 SF
Lot Size0.28 Acres
Price / SF$300.13
Days on Market94
Property Features for 111-113 East Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bathroom 1, Bedroom 5, Bathroom 4, Bedroom 2, Bathroom 3, Bedroom 1, Bedroom 6, Bedroom 3, Bathroom 2
Parking
8
Parking features
Off Street, Garage
Patio and Porch features
Porch, Deck
Interior features
Wall Paneling, Solid Surface Counters, High Speed Internet, Walk-In Closet(s), Built-in Features, Ceramic Tile Bath, Chair Rail, Crown Molding
Basement
Full
Lot features
Level, Landscaped, Sloped, Cleared, Corner Lot
High school
Saratoga Springs
Elementary school district
Saratoga Springs
Middle school district
Saratoga Springs
High school district
Saratoga Springs
Directions
From Exit 15, Route 50 west toward downtown. Left at East Ave, 2 blocks on Right. From Exit 14, to Ractrack Entrance. Right onto East Ave. Duplex on Left.
Standard status
Active
APN
411501 166.37-2-65
Size
2,992 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Annual Amount
11360
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
in-unit laundry
soaking tubs
deck
private backyard
central air
private garage
basement storage
Building Details
Year built
1998
Number of units
2
Flooring type
Tile, Hardwood, Carpet
Building materials
Vinyl Siding
Roof type
Asphalt
Architectural style
Other
Listing Agency:
KW Platform · Keller Williams Realty
(518) 724-5800
Listed By:
Monique Boulet · License #10301215029
(518) 312-6309
Added: Jun 14
Changed: Sep 15
Last Checked: Sep 15 at 8:06PM
MLS# 202619635
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,992-square-foot duplex sits on a 0.28-acre corner lot and includes two three-level units. Each residence provides three bedrooms, two full bathrooms, dedicated laundry areas, and basement storage. Property features include separate utilities, central air, private garages, hardwood and tile flooring, and a deck with access to a private backyard. One unit has undergone a complete renovation with updated appliances, hardwood floors, and a new roof backed by a transferable warranty.
The property is located in downtown Saratoga Springs, within walking distance of the Saratoga Race Track and SPAC, as well as shopping and dining. Public water and public sewer serve the building, which was constructed in 1998 and has vinyl siding with an asphalt roof.
The property is located in downtown Saratoga Springs, within walking distance of the Saratoga Race Track and SPAC, as well as shopping and dining. Public water and public sewer serve the building, which was constructed in 1998 and has vinyl siding with an asphalt roof.
Key Highlights
- 2,992‑square‑foot duplex on a 0.28‑acre corner lot
- Each unit includes 3 bedrooms, 2 full bathrooms, and three levels of living space
- One residence completely renovated with new appliances, hardwood floors, and a new roof
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$44,403
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$888,060
$888.1K
Cap Rate 7%
$634,329
$634.3K
Cap Rate 9%
$493,367
$493.4K
Market Conditions
NOI Build-Up for 2,992 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$66.4K $22.20/SF
− Vacancy
−$3.0K −$1.00/SF
EGI
$63.4K $21.20/SF
− OpEx
−$19.0K −$6.36/SF
NOI
$44.4K $14.84/SF
Area
Saratoga County, NY
Vacancy
4.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$888,060
Cap Rate 7%
$634,329
Cap Rate 9%
$493,367
Alternative Uses
Best Use
Multifamily LT 5
$634.3K
$555.0K – $740.1K
NOI $44,403 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$567.5K
$496.6K – $662.1K
NOI $39,727 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$895.5K
$783.6K – $1.04M
NOI $62,688 @ 7.0% cap · market cap 6.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
629
Businesses Nearby
Explore this area
Business Placement
Demographics for 12866, NY
40,355
Population
20,462
Households
2
Avg Household Size
44
Median Age
55%
College-Educated
95%
High-School Grad
64.3 sq mi
ZIP Area
628
Density / Sq Mi
$98,374
Median Household Income
$53,265
Median Earnings
$1,460
Median Rent
$419,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two three-level residences offer separate utilities, private outdoor space, central air, and dedicated parking.
Where is this duplex located?
The property is located at 111-113 East Avenue Saratoga Springs, NY.
What is the asking price?
The asking price for this property is $898,000.
What are key features of this property?
This property features: 2,992‑square‑foot duplex on a 0.28‑acre corner lot; Each unit includes 3 bedrooms, 2 full bathrooms, and three levels of living space; One residence completely renovated with new appliances, hardwood floors, and a new roof
