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    138-140 Church St Saratoga Springs, NY 12866

    View on Map
    Sponsored
    For Sale
    $984,900

    MULTI_FAMILY - Other - Saratoga Springs, NY

    Property size:
    2,501 SF
    Lot size:
    0.33 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 5 at 9:06 pm

    Property Features for 138-140 Church St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Window features
    Insulated Windows, Blinds
    Zoning
    Multi Residence
    Rooms
    Bathroom 2, Bedroom 2, Bathroom 1, Laundry Room, Bedroom 1, Bathroom 3, Bedroom 3, Bathroom 4, Bedroom 5, Bedroom 4
    Bedrooms
    5
    Bathrooms
    4
    APN
    411501 165.50-2-48
    Parking
    20
    Parking features
    Driveway, Off Street, Garage
    Patio and Porch features
    Patio
    Interior features
    High Speed Internet, Cathedral Ceiling(s), Ceramic Tile Bath
    Fencing
    Privacy, Perimeter
    Basement
    Full, Unfinished
    Size
    2,501 SF
    Lot size
    0.33 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas, Ductless (Heating)
    Cooling system
    Wall Unit(s)
    Water source
    Public

    Building Details

    Year built
    1957
    Number of units
    2
    Flooring type
    Hardwood, Bamboo, Tile - Ceramic
    Building materials
    Shingle Siding, Wood Siding
    Roof type
    Shingle
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Maria Barr
    Maria Barr

    KW Platform (518) 724-5800

    Listing agent Maria Barr (518) 857-6396 License #40BA1115159

    Listing date Mar 5, 2026

    MLS# 202612855 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Spacious Saratoga Property Near Broadway

    Located a few blocks from Broadway in Saratoga Springs, the property at 138-140 Church Street offers a combination of location, space, and flexibility. The property is remarkably spacious with multiple living areas, private quarters, and extensive parking. The property is ideal for multigenerational living or for an owner-occupant seeking income potential. The main residence at 138 features a new kitchen, refinished interiors, and a layout that works as a single home or with an accessory apartment upstairs. The upper level includes its own kitchen and bath with interior access from below, making it suitable for extended family or guests. The property at 140 is an independent apartment with a private entrance, bath, laundry, and ample storage. Currently rented, it offers total separation and could also serve as guest space or a home office. Out back, a paved area provides parking for 20 or more vehicles. There's open space for a pickleball court, garden, or outdoor entertaining area. The sellers have refined the property, including a kitchen update and modern finishes throughout, while preserving its downtown character. Zoned UR-3, the district supports one- and two-family residences with compatible neighborhood uses. The property offers room to grow in one of Saratoga's desirable locations with a versatile floor plan and separate living spaces allowing the next owner to tailor the property to their goals. The lot size is 0.33 acres and the property size is 2501 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Saratoga Springs
    County
    Saratoga
    State
    New York
    Longitude
    -73.791936
    Latitude
    43.084471

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    FAQs

    What type of property is this?
    Duplex - Versatile property near Broadway, ideal for living or income.
    Where is this duplex located?
    The property is located at 138-140 Church St Saratoga Springs, NY.
    What is the asking price?
    The asking price for this property is $984,900.
    What are key features of this property?
    This property features: - Prime downtown Saratoga Springs location, just blocks from Broadway; - Income potential with a fully independent, rentable apartment; - Ideal for multigenerational living with multiple living areas and a self-contained accessory apartment
    (518) 857-6396
    Request Owner's contact information
    138-140 Church St Saratoga Springs, NY 12866
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    Saratoga Springs, NY 12866
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    138-140 Church St Saratoga Springs, NY 12866
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    We can help!
    Listing Contact
    Maria Barr
    Maria Barr
    Real Estate License ID: 40BA1115159
    (518) 857-6396 (518) 580-8500
    Learn more
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