Updated Downtown
For Sale
$539,900
Pending
104 Van Dam St, Saratoga Springs, NY 12866
Two renovated residences retain historic details while adding refreshed kitchens, bathrooms, finishes, and outdoor space.
Property Size1,994 SF
Days on Market59
Property Features for 104 Van Dam St
General Information
Standard status
Pending
Size
1,994 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1920
Buildings
1
Listing Agency:
Next Chapter Real Estate Advisors
Listed By:
Clancy Real Estate, Inc
(518) 861-7016
Source:
Clancyrealestate
Added: Aug 21
Changed: Oct 16
Last Checked: Oct 16 at 9:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Next Chapter Real Estate Advisors
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Investment Insights
Based on property information with market context.
Built in 1920, this two-family residence contains 1,994 square feet with two bedrooms and one full bathroom in each unit. Both apartments include living and formal dining areas, updated kitchens and bathrooms, refinished hardwood flooring, new light fixtures, wainscoting, and fresh paint. Tin ceilings preserve period character, while the upper residence adds an office and a clawfoot tub. The first-floor apartment has a rear porch, and the fully fenced backyard provides shared exterior space.
The property is located on Van Dam St in Saratoga Springs, near Broadway and within close reach of the Saratoga Race Course, SPAC, UPH, shops, restaurants, and downtown amenities. Its two-unit configuration supports either an owner-occupied arrangement or continued use as an income-producing property.
The property is located on Van Dam St in Saratoga Springs, near Broadway and within close reach of the Saratoga Race Course, SPAC, UPH, shops, restaurants, and downtown amenities. Its two-unit configuration supports either an owner-occupied arrangement or continued use as an income-producing property.
Key Highlights
- Two‑family property with 1,994 square feet, built in 1920
- Two bedrooms and one full bathroom in each unit
- Renovated kitchens and bathrooms with refinished hardwood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,592
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$591,840
$591.8K
Cap Rate 7%
$422,743
$422.7K
Cap Rate 9%
$328,800
$328.8K
Market Conditions
NOI Build-Up for 1,994 SF
Gross rent
$44.3K $22.20/SF
− Vacancy
−$2.0K −$1.00/SF
EGI
$42.3K $21.20/SF
− OpEx
−$12.7K −$6.36/SF
NOI
$29.6K $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 Rate 5%
$591,840
Cap Rate 7%
$422,743
Cap Rate 9%
$328,800
Alternative Uses
Best Use
Multifamily LT 5
$422.7K
$369.9K – $493.2K
NOI $29,592 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$378.2K
$331.0K – $441.3K
NOI $26,476 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$596.8K
$522.2K – $696.3K
NOI $41,778 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,497
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two renovated residences retain historic details while adding refreshed kitchens, bathrooms, finishes, and outdoor space.
Where is this duplex located?
The property is located at 104 Van Dam St Saratoga Springs, NY.
What is the asking price?
The asking price for this property is $539,900.
What are key features of this property?
This property features: Two‑family property with 1,994 square feet, built in 1920; Two bedrooms and one full bathroom in each unit; Renovated kitchens and bathrooms with refinished hardwood floors
