Duplex Property with
New
For Sale
$798,800
107-109 East Avenue, Saratoga Springs, NY 12866
MultiFamily, Saratoga Springs, NY
Property Size2,984 SF
Lot Size0.27 Acres
Price / SF$267.69
Days on Market3
Property Features for 107-109 East Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Multi Residence
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 5, Bathroom 4, Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 6
Parking
6
Parking features
Garage
Patio and Porch features
Porch
Interior features
Solid Surface Counters, Paddle Fan, High Speed Internet, Ceramic Tile Bath
Basement
Unfinished
Lot features
Cleared
Elementary school
Lake Avenue
High school
Saratoga Springs
Elementary school district
Saratoga Springs
Middle school district
Saratoga Springs
High school district
Saratoga Springs
Directions
From Route 50 in Saratoga Springs, onto East Avenue 2 blocks. Duplex on Right.
Standard status
Active
APN
411501 166.37-2-64
Size
2,984 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Annual Amount
11076
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
2001
Number of units
2
Flooring type
Hardwood, Carpet, Tile
Building materials
Vinyl Siding
Roof type
Asphalt
Listing Agency:
KW Platform · Keller Williams Realty
(518) 724-5800
Listed By:
Monique Boulet · License #10301215029
(518) 312-6309
Added: Sep 29
Changed: Sep 30
Last Checked: Oct 1 at 10:06PM
MLS# 202627157
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.
Built in 2001, this duplex property contains 2,984 square feet across two mirrored units. Each unit has 3 bedrooms and 2 full bathrooms, with hardwood flooring, three levels of living space, and second-floor laundry. A garage and basement storage serve the property, which also includes a porch, central air, and forced-air natural gas heat. The site measures 0.27 acres and is zoned Multi Residence.
The property is in Saratoga Springs, less than a mile from Exit 14 and Exit 15, and within walking distance of the NYRA race track and downtown. Public water and sewer are available.
The property is in Saratoga Springs, less than a mile from Exit 14 and Exit 15, and within walking distance of the NYRA race track and downtown. Public water and sewer are available.
Key Highlights
- Two mirrored units, each with 3 bedrooms and 2 full bathrooms
- 2,984 square feet on a 0.27‑acre site
- Three levels of living space in each unit, with second‑floor laundry
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
$44,285
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
5.54%
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%
$885,700
$885.7K
Cap Rate 7%
$632,643
$632.6K
Cap Rate 9%
$492,056
$492.1K
Market Conditions
NOI Build-Up for 2,984 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
$66.2K $22.20/SF
− Vacancy
−$3.0K −$1.00/SF
EGI
$63.3K $21.20/SF
− OpEx
−$19.0K −$6.36/SF
NOI
$44.3K $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%
$885,700
Cap Rate 7%
$632,643
Cap Rate 9%
$492,056
Alternative Uses
Best Use
Multifamily LT 5
$632.6K
$553.6K – $738.1K
NOI $44,285 @ 7.0% cap · market cap 5.54%
Second Best
Apartment 5plus
$566.0K
$495.3K – $660.4K
NOI $39,621 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$893.2K
$781.5K – $1.04M
NOI $62,521 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
6
Residential units
Yes
Highway access
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two mirrored residences provide three levels of living space, with laundry on the second floor and basement storage.
Where is this duplex located?
The property is located at 107-109 East Avenue Saratoga Springs, NY.
What is the asking price?
The asking price for this property is $798,800.
What are key features of this property?
This property features: Two mirrored units, each with 3 bedrooms and 2 full bathrooms; 2,984 square feet on a 0.27‑acre site; Three levels of living space in each unit, with second‑floor laundry
