Side-by-Side Duplex with
New
For Sale
$850,000
123 Eastline Road, Ballston Lake, NY 12019
MultiFamily, Ballston Lake, NY
Property Size4,194 SF
Lot Size2.42 Acres
Price / SF$202.67
Days on Market1
Property Features for 123 Eastline Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
5
Full bathrooms
4
Half bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bathroom 6, Bedroom 6, Bedroom 3, Bedroom 5, Bathroom 1, Laundry Room, Bathroom 4, Bedroom 1, Bathroom 3, Bedroom 4, Bathroom 5
Parking
8
Parking features
Open, Driveway, Garage
Window features
Blinds
Patio and Porch features
Porch
Interior features
Paddle Fan, Tray Ceiling(s), Walk-In Closet(s), Built-in Features, Ceramic Tile Bath
Fireplace
1
Basement
Unfinished, Full, Interior Entry
Lot features
Secluded, Private, Landscaped, Cleared
Elementary school
Chango
High school
Shenendehowa
Elementary school district
Shenendehowa
Middle school district
Shenendehowa
High school district
Shenendehowa
Directions
Rt 87 Northway to Exit 11 West on Round Lake Road, left on South to Eastline Road property on your right... entrance to 119 and 123 Eastline Rd
Standard status
Active
APN
12019
Size
4,194 SF
Lot size
2.42 Acres
Taxes and HOA fees
Tax Annual Amount
9090
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
full basement
Building Details
Year built
2020
Number of units
2
Flooring type
Tile - Ceramic, Carpet, Hardwood
Building materials
Vinyl Siding
Roof type
Shingle, Asphalt
Listing Agency:
Re Max Solutions · RE/MAX International
(518) 318-3800
Listed By:
Ferdinando Bruno · License #10491208177
(518) 225-3538
Added: Sep 18
Last Checked: Sep 18 at 2:06PM
MLS# 202626432
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 2020, this side-by-side duplex contains approximately 4,194 square feet across two separately configured residences. Each unit measures approximately 2,100 square feet and includes three bedrooms, two and one-half bathrooms, a second-floor primary suite, an attached two-car garage, and a full basement with an egress window. Interior features include hardwood, ceramic tile, carpet, central air, natural-gas forced-air heating, walk-in closets, built-in features, and tray ceilings. Each residence also has a porch, while the property includes a fireplace and vinyl siding.
The duplex occupies 2.42 acres at 123 Eastline Road in Ballston Lake, within Saratoga County. Public water and public sewer serve the property. A partially shared driveway provides access, and the landlord maintains the grounds and handles snow removal for the shared drive. One residence is occupied month-to-month, while the other has a lease extending through October 2026.
The duplex occupies 2.42 acres at 123 Eastline Road in Ballston Lake, within Saratoga County. Public water and public sewer serve the property. A partially shared driveway provides access, and the landlord maintains the grounds and handles snow removal for the shared drive. One residence is occupied month-to-month, while the other has a lease extending through October 2026.
Key Highlights
- Side‑by‑side duplex totaling approximately 4,194 square feet
- Built in 2020 on 2.42 acres at 123 Eastline Road
- Each unit offers approximately 2,100 SF, 3 bedrooms, and 2.5 bathrooms
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
$62,242
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
7.32%
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%
$1,244,840
$1.2M
Cap Rate 7%
$889,171
$889.2K
Cap Rate 9%
$691,578
$691.6K
Market Conditions
NOI Build-Up for 4,194 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
$93.1K $22.20/SF
− Vacancy
−$4.2K −$1.00/SF
EGI
$88.9K $21.20/SF
− OpEx
−$26.7K −$6.36/SF
NOI
$62.2K $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%
$1,244,840
Cap Rate 7%
$889,171
Cap Rate 9%
$691,578
Alternative Uses
Best Use
Multifamily LT 5
$889.2K
$778.0K – $1.04M
NOI $62,242 @ 7.0% cap · market cap 7.32%
Second Best
Apartment 5plus
$795.5K
$696.1K – $928.1K
NOI $55,687 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$1.26M
$1.10M – $1.46M
NOI $87,873 @ 7.0% cap · market cap 10.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
Explore this area
Business Placement
Demographics for 12019, NY
15,826
Population
6,911
Households
2.3
Avg Household Size
45
Median Age
54%
College-Educated
97%
High-School Grad
28.5 sq mi
ZIP Area
555
Density / Sq Mi
$116,329
Median Household Income
$63,121
Median Earnings
$1,191
Median Rent
$381,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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-story residences offer private entries, attached garages, full basements, and access to public utilities.
Where is this duplex located?
The property is located at 123 Eastline Road Ballston Lake, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Side‑by‑side duplex totaling approximately 4,194 square feet; Built in 2020 on 2.42 acres at 123 Eastline Road; Each unit offers approximately 2,100 SF, 3 bedrooms, and 2.5 bathrooms
