Saratoga Lake Waterfront
774 Nys Route 9P Saratoga Springs, NY 12866
774 Nys Route 9P, Saratoga Springs, NY, 12866
$600,000
Pending
For Sale
$600,000
Pending
MULTI_FAMILY - Saratoga Springs, NY
Property Size1,740 SF
Lot Size0.55 Acres
Days on Market1125
Property Features for 774 Nys Route 9P
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi Residence
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 5, Bedroom 2, Bedroom 3, Bathroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1
- Parking
- 11
- Parking features
- Off Street, Driveway
- Window features
- Screens, Insulated Windows, Blinds
- Patio and Porch features
- Porch, Patio, Deck
- Interior features
- Paddle Fan, High Speed Internet
- Basement
- Walk-Out Access, Finished, Apartment, Full, Exterior Entry
- Standard status
- Pending
- APN
- 415289 206.13-1-7
- Size
- 1,740 SF
- Lot size
- 0.55 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7959
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Radiant Floor, Hot Water(Heating), Electric (Heating), Radiant, Propane (Heating)
- Water front features
- Lake, Lake Front, Beach Front
- Water front
- 1
Building Details
- Year built
- 1930
- Number of units
- 3
- Flooring type
- Laminate, Hardwood, Vinyl
- Building materials
- Vinyl Siding
- Roof type
- Metal
Listing Agency
KW Platform
(518) 281-6808
382 Broadway, Latham, NY
Listed by
Scott P Varley · License #30VA0727304
(518) 281-6808
Added: Jun 19, 2023 Checked: Jul 17 at 6:06 pm
MLS# 202319064
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.
Investment Insights
Based on property information with market context.
This triplex property is located on Saratoga Lake and offers a waterfront opportunity. Situated on a 0.55-acre lot on 9P, the property features three rental units. The property has separate meters and public sewer, with parking available for 11 vehicles. The property is suitable for various uses, including Airbnb and summer rentals. An additional 0.69-acre parcel at 2 Bel Air Dr. with a 2-bed/1-bath modular home is available in the rear and can be combined with this property. The combined deal would total 1.24 acres of lakefront property with west-facing sunset views. The property is conveniently located near restaurants, downtown Saratoga, Saratoga Race Track, and Saratoga State Park. The building size is 1740 square feet.
Key Highlights
- Direct Saratoga Lake waterfront property with .55 acres on 9P.
- Three rental units currently generating $4,125 net income with separate meters, public sewer, and parking for 11 vehicles.
- Potential for various uses including Airbnb and summer rentals.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.6k | $22.20 |
| − Vacancy | −$1.7k | −$1.00 |
| EGI | $36.9k | $21.20 |
| − OpEx | −$11.1k | −$6.36 |
| NOI | $25.8k | $14.84 |
1,740 SF · lease $22.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$368.9K
$322.8K – $430.4K
NOI $25,823 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$330.1K
$288.8K – $385.1K
NOI $23,104 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$520.8K
$455.7K – $607.6K
NOI $36,456 @ 7.0% cap · market cap 6.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Rare waterfront triplex on Saratoga Lake, ideal for investors.
Where is this triplex located?
The property is located at 774 Nys Route 9P Saratoga Springs, NY.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Direct Saratoga Lake waterfront property with .55 acres on 9P.; Three rental units currently generating $4,125 net income with separate meters, public sewer, and parking for 11 vehicles.; Potential for various uses including Airbnb and summer rentals.
