Duplex with Guest
For Sale
$1,475,000
135 Grand Avenue, Saratoga Springs, NY 12866
A separate one-bedroom cottage, yard, and covered rear porch add flexibility to this downtown residential property.
Property Size3,052 SF
Price / SF$483.29
Days on Market18
Property Features for 135 Grand Avenue
General Information
Standard status
Active
Size
3,052 SF
Total Parking Spaces
5
Property subtype
Two Family Home
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,110
Amenities
Cathedral Ceiling(s)
Ceramic Tile Bath
High Speed Internet
Built-in Features
Garden
Building Details
Building Size
3,052 SF
Year Built
1910
Listing Agency:
Venture Fox Realty Group LLC
(518) 290-1070
Listed By:
Carmella Richards · License #30RI0953899
(518) 928-6486
Source:
Krutz-properties
Added: Oct 15
Changed: Oct 31
Last Checked: Oct 31 at 2:13PM
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 Venture Fox Realty Group LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1910, this 3,052-square-foot residential property pairs a main home with an adjoining one-bedroom cottage. The main home includes a living room, kitchen, dining room, recently updated mudroom, and two-story family room. Three fireplaces are present but are not in use. A partially finished third-floor attic provides additional space, while the cottage offers separate accommodation. A covered rear porch with built-in benches opens to a yard with a storage shed. The property has parking for up to five cars.
The property is on Grand Avenue in Saratoga Springs, steps from downtown restaurants, shops, and entertainment. The listing describes potential for a third apartment; the cottage and attic provide additional configuration options.
The property is on Grand Avenue in Saratoga Springs, steps from downtown restaurants, shops, and entertainment. The listing describes potential for a third apartment; the cottage and attic provide additional configuration options.
Key Highlights
- 3,052 square feet; built in 1910
- Separate one‑bedroom cottage adjoining the main home
- Potential for up to three living units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,294
Cap Rate
3.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$905,880
$905.9K
Cap Rate 7%
$647,057
$647.1K
Cap Rate 9%
$503,267
$503.3K
Market Conditions
NOI Build-Up for 3,052 SF
Gross rent
$67.8K $22.20/SF
− Vacancy
−$3.0K −$1.00/SF
EGI
$64.7K $21.20/SF
− OpEx
−$19.4K −$6.36/SF
NOI
$45.3K $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 Rate 5%
$905,880
Cap Rate 7%
$647,057
Cap Rate 9%
$503,267
Alternative Uses
Best Use
Multifamily LT 5
$647.1K
$566.2K – $754.9K
NOI $45,294 @ 7.0% cap · market cap 3.07%
Second Best
Apartment 5plus
$578.9K
$506.6K – $675.4K
NOI $40,524 @ 7.0% cap · market cap 2.75%
Theoretical Best
Office A
$913.5K
$799.3K – $1.07M
NOI $63,946 @ 7.0% cap · market cap 4.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,793
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
Frequently Asked Questions
What type of property is this?
Duplex - A separate one-bedroom cottage, yard, and covered rear porch add flexibility to this downtown residential property.
Where is this duplex located?
The property is located at 135 Grand Avenue Saratoga Springs, NY.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: 3,052 square feet; built in 1910; Separate one‑bedroom cottage adjoining the main home; Potential for up to three living units
