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    2 Madison Ave Saratoga Springs, NY 12866

    For Sale
    $1,400,000

    MULTI_FAMILY - Other - Saratoga Springs, NY

    Property size:
    3,309 SF
    Lot size:
    0.13 Acres
    Days on Market:
    38
    Last Refresh:
    Dec 14 at 8:06 pm

    Property Features for 2 Madison Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Window features
    Wood Frames, Bay Window(s)
    Rooms
    Bedroom 2, Bedroom 4, Bathroom 2, Bathroom 3, Bathroom 1, Bathroom 4, Bedroom 1, Bedroom 3, Bedroom 5, Dining Room
    Bedrooms
    5
    APN
    411501 166.69-2-1
    Parking
    4
    Parking features
    Off Street, Driveway, Garage
    Patio and Porch features
    Porch, Patio
    Interior features
    Solid Surface Counters, Paddle Fan, Central Vacuum, Ceramic Tile Bath
    Exterior features
    Garden
    Fireplace
    1
    Basement
    Full, Walk-Out Access, Apartment, Finished, Sump Pump, Exterior Entry
    Size
    3,309 SF
    Lot size
    0.13 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Hot Water(Heating), Natural Gas, Baseboard
    Cooling system
    Window Unit(s), Central Air, Attic Fan
    Water source
    Public

    Building Details

    Year built
    1873
    Number of units
    2
    Flooring type
    Hardwood, Laminate, Tile - Ceramic
    Building materials
    Stone, Fiber Cement
    Roof type
    Rubber, Asphalt, Slate
    Architectural style
    Other

    Howard Hanna Real Estate Services (518) 348-7100 [email protected]

    Listing agent Liz Schultheiss (518) 796-6997 License #30SC0742915

    Listing date Nov 7, 2025

    MLS# 202529200 Listing URL

    Copyright © 2025 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.

    Overview

    Historic Saratoga Springs Multifamily Property

    This beautifully restored 1873 Second Empire home is located in the coveted Historic East Side, steps from the Saratoga Race Course, Fasig-Tipton Auction House, and Oklahoma Training Track. The residence features 3 bedrooms, 2.5 baths, and period details. The formal living and dining rooms have 11ft ceilings, a gas fireplace, pocket and French doors, and 2 sitting porches. The lower level offers a 2 bedroom garden apartment, suitable for guests, rental income, or multigenerational living. The property includes landscaped grounds with a garden and patio, along with a 1 car garage and a private driveway for up to 4 vehicles. The property size is 3309 square feet and the lot size is 0.13 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Gym & Fitness 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
    -73.775927
    Latitude
    43.077867

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    FAQs

    What type of property is this?
    Duplex - Restored 1873 Second Empire home with rental income potential.
    Where is this duplex located?
    The property is located at 2 Madison Ave Saratoga Springs, NY.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: - Prime location on the Historic East Side, near Saratoga Race Course, Fasig-Tipton, and Oklahoma Training Track.; - Beautifully restored 1873 Second Empire home with period details and **11ft ceilings**.; - Lower level 2-bedroom garden apartment for guests, rental income, or multigenerational living.
    (518) 796-6997
    Request Owner's contact information
    2 Madison Ave Saratoga Springs, NY 12866
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    Realmo Value Estimation

    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.

    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.

    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
    2 Madison Ave Saratoga Springs, NY 12866
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