Corner-Lot Duplex with Private
For Sale
$948,000
111-113 East Avenue, Saratoga Springs, NY 12866
Duplex with two units, separate utilities, central air, private garages, and one extensively renovated side.
Property Size2,992 SF
Price / SF$316.84
Days on Market58
Property Features for 111-113 East Avenue
General Information
Standard status
Active
Size
2,992 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
2
Amenities
dedicated laundry areas
soaking tubs
large deck
private backyard
separate utilities
central air
private garages
abundant basement storage
Building Details
Year Built
1998
Listing Agency:
KW Platform
Listed By:
Monique Boulet
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Jun 5
Changed: Jul 25
Last Checked: Aug 1 at 2:24AM
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 KW Platform
Investment Insights
Based on property information with market context.
This corner-lot duplex at 111-113 East Avenue offers two residential units with three levels of open-concept living. Each unit features three bedrooms and two full bathrooms, dedicated laundry areas, and soaking tubs. Separate utilities support independent operations, with central air and abundant basement storage. Both units include outdoor space, including a large deck and a private backyard.
One unit has been completely gutted and renovated, with a brand-new roof that includes a transferrable warranty, pristine hardwood floors, and modern appliances. The property also includes private garages.
Located in downtown Saratoga Springs, the home is described as walkable to premier shopping and dining, and within walking distance to the historic Saratoga Race Track and SPAC. The listing also notes a package deal opportunity to purchase together with a duplex at 103-105 East Avenue for portfolio expansion.
One unit has been completely gutted and renovated, with a brand-new roof that includes a transferrable warranty, pristine hardwood floors, and modern appliances. The property also includes private garages.
Located in downtown Saratoga Springs, the home is described as walkable to premier shopping and dining, and within walking distance to the historic Saratoga Race Track and SPAC. The listing also notes a package deal opportunity to purchase together with a duplex at 103-105 East Avenue for portfolio expansion.
Key Highlights
- Corner‑lot duplex built in 1998 with 2 units, each offering 3 bedrooms and 2 full bathrooms
- One unit has been completely gutted and renovated with a brand‑new roof (transferrable warranty), hardwood floors, and modern appliances
- Each unit includes dedicated laundry areas and soaking tubs
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 | $66.4k | $22.20 |
| − Vacancy | −$3.0k | −$1.00 |
| EGI | $63.4k | $21.20 |
| − OpEx | −$19.0k | −$6.36 |
| NOI | $44.4k | $14.84 |
2,992 SF · lease $22.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$634.3K
$555.0K – $740.1K
NOI $44,403 @ 7.0% cap · market cap 4.68%
Second Best
Apartment 5plus
$567.5K
$496.6K – $662.1K
NOI $39,727 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$895.5K
$783.6K – $1.04M
NOI $62,688 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
515
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
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 - Duplex with two units, separate utilities, central air, private garages, and one extensively renovated side.
Where is this duplex located?
The property is located at 111-113 East Avenue Saratoga Springs, NY.
What is the asking price?
The asking price for this property is $948,000.
What are key features of this property?
This property features: Corner‑lot duplex built in 1998 with 2 units, each offering 3 bedrooms and 2 full bathrooms; One unit has been completely gutted and renovated with a brand‑new roof (transferrable warranty), hardwood floors, and modern appliances; Each unit includes dedicated laundry areas and soaking tubs
