Updated Two-Unit
New
For Sale
$599,000
131 Beekman St, Saratoga Springs, NY 12866
Independent mechanical systems and utility meters serve both residences.
Property Size2,056 SF
Price / SF$291.34
Days on Market2
Property Features for 131 Beekman St
General Information
Standard status
Active
Size
2,056 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
in-unit washer/dryers
off-street parking
large backyard
Building Details
Year Built
1990
Buildings
1
Listing Agency:
Country Boy Realty
Listed By:
Michael Field
(518) 669-1804
Source:
Fieldrealty
Added: Oct 16
Last Checked: Oct 16 at 6:56AM
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 Country Boy Realty
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Investment Insights
Based on property information with market context.
At 131 Beekman St in Saratoga Springs, this 2,056-square-foot duplex contains two 2-bedroom, 1-bath apartments, each with an open-concept layout, walk-in closets, luxury vinyl flooring, and an in-unit washer and dryer. The first-floor apartment has new cabinetry, quartz counters, and stainless steel appliances; the upper apartment features painted cabinets, laminate counters, a large island, and new stainless steel appliances. Built in 1990, the property also includes a partial basement with exterior access, off-street parking, and a large backyard.
Each apartment has its own Lennox natural gas furnace, Rheem gas water heater, A/C condenser, electric panel, and gas and electric meters. The property is 4–5 blocks from Broadway and convenient to downtown dining and shopping, Skidmore College, Saratoga Race Course, and SPAC.
Each apartment has its own Lennox natural gas furnace, Rheem gas water heater, A/C condenser, electric panel, and gas and electric meters. The property is 4–5 blocks from Broadway and convenient to downtown dining and shopping, Skidmore College, Saratoga Race Course, and SPAC.
Key Highlights
- Two 2‑bedroom, 1‑bath apartments; 2,056 square feet total
- Each apartment has its own furnace, gas water heater, A/C condenser, electric panel, and gas and electric meters
- First‑floor unit includes new cabinetry, quartz counters, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,512
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$610,240
$610.2K
Cap Rate 7%
$435,886
$435.9K
Cap Rate 9%
$339,022
$339.0K
Market Conditions
NOI Build-Up for 2,056 SF
Gross rent
$45.6K $22.20/SF
− Vacancy
−$2.1K −$1.00/SF
EGI
$43.6K $21.20/SF
− OpEx
−$13.1K −$6.36/SF
NOI
$30.5K $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%
$610,240
Cap Rate 7%
$435,886
Cap Rate 9%
$339,022
Alternative Uses
Best Use
Multifamily LT 5
$435.9K
$381.4K – $508.5K
NOI $30,512 @ 7.0% cap · market cap 5.09%
Second Best
Apartment 5plus
$390.0K
$341.2K – $455.0K
NOI $27,299 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$615.4K
$538.5K – $718.0K
NOI $43,077 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,799
Businesses Nearby
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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 - Independent mechanical systems and utility meters serve both residences.
Where is this duplex located?
The property is located at 131 Beekman St Saratoga Springs, NY.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath apartments; 2,056 square feet total; Each apartment has its own furnace, gas water heater, A/C condenser, electric panel, and gas and electric meters; First‑floor unit includes new cabinetry, quartz counters, and stainless steel appliances
