Two-Unit Duplex with Separate
New
For Sale
$599,000
131 Beekman Street, Saratoga Springs, NY 12866
MultiFamily, Saratoga Springs, NY
Property Size2,056 SF
Lot Size0.28 Acres
Price / SF$291.34
Days on Market2
Property Features for 131 Beekman Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2
Parking
4
Parking features
Off Street, Driveway
Window features
Blinds, Wood Frames, Double Pane Windows
Interior features
Solid Surface Counters, Walk-In Closet(s), Built-in Features
Basement
Exterior Entry, Partial
Lot features
Level, Cleared
High school
Saratoga Springs
Elementary school district
Saratoga Springs
Middle school district
Saratoga Springs
High school district
Saratoga Springs
Directions
From 29 to Beekman
Standard status
Active
APN
411501 165.58-4-3
Size
2,056 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Annual Amount
5502
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Amenities
in-unit washer/dryer
Building Details
Year built
1990
Number of units
2
Flooring type
Tile, Vinyl
Building materials
Vinyl Siding
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Cartier Real Estate Group LLC
(518) 321-5762
Listed By:
Colleen M Cameron · License #10401250898
(518) 391-8312
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 6:06PM
MLS# 202628235
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.
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Investment Insights
Based on property information with market context.
This 1990 duplex contains 2,056 square feet across two 2-bedroom, 1-bath residences on a 0.28-acre lot. Both units have open layouts, walk-in closets, luxury vinyl flooring, and in-unit washers and dryers. The first-floor kitchen has new cabinetry, quartz counters, and stainless steel appliances; the upper unit features painted cabinets, laminate counters, a large island, and new stainless steel appliances.
Each residence has its own natural gas furnace, gas water heater, air-conditioning condenser, electric panel, and gas and electric meters. The property also includes a partial basement with exterior access, driveway and off-street parking, and a backyard. Public water and sewer serve the property.
Beekman Street places the duplex four to five blocks from Broadway. Downtown dining and shopping, Skidmore College, Saratoga Race Course, and SPAC are among the nearby destinations.
Each residence has its own natural gas furnace, gas water heater, air-conditioning condenser, electric panel, and gas and electric meters. The property also includes a partial basement with exterior access, driveway and off-street parking, and a backyard. Public water and sewer serve the property.
Beekman Street places the duplex four to five blocks from Broadway. Downtown dining and shopping, Skidmore College, Saratoga Race Course, and SPAC are among the nearby destinations.
Key Highlights
- Two 2‑bedroom, 1‑bath units; 2,056 square feet total
- 0.28‑acre lot with backyard and off‑street parking
- Separate furnace, water heater, A/C condenser, electric panel, and gas and electric meters for each unit
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
Location Intelligence
Trade Area within ½ mile
2,799
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer updated interiors, in-unit laundry, individual mechanical systems, and off-street parking.
Where is this duplex located?
The property is located at 131 Beekman Street 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 units; 2,056 square feet total; 0.28‑acre lot with backyard and off‑street parking; Separate furnace, water heater, A/C condenser, electric panel, and gas and electric meters for each unit
