Well-Maintained Two-Unit
For Sale
$775,000
154 Washington Street, Saratoga Springs, NY 12866
Two-unit building with one 3-bedroom and one 2-bedroom unit, maintained for straightforward residential income.
Property Size2,600 SF
Price / SF$298.08
Days on Market396
Property Features for 154 Washington Street
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
2
Building Details
Year Built
1875
Listing Agency:
Julie & Co Realty LLC
Listed By:
Lars Huus-Skladzinski · License #10401262713
(518) 350-7653
Source:
Signatureonerealtygroup
Added: Sep 19, 2025
Changed: Oct 19
Last Checked: Oct 19 at 10:03AM
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 Julie & Co Realty LLC
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Investment Insights
Based on property information with market context.
This well-maintained two-unit multifamily property offers a simple, functional layout for residential income. The building includes two spacious units: one with three bedrooms and the other with two bedrooms.
The property is located at 154 Washington Street in Saratoga Springs, NY 12866, a few blocks from Broadway. A park is listed as being about one block away, supporting day-to-day neighborhood convenience.
Overall, the configuration is well suited to an owner looking for a two-unit investment with a clear unit mix of three-bedroom and two-bedroom living spaces.
The property is located at 154 Washington Street in Saratoga Springs, NY 12866, a few blocks from Broadway. A park is listed as being about one block away, supporting day-to-day neighborhood convenience.
Overall, the configuration is well suited to an owner looking for a two-unit investment with a clear unit mix of three-bedroom and two-bedroom living spaces.
Key Highlights
- Two‑unit multifamily building built in 1875
- One 3‑bedroom unit and one 2‑bedroom unit
- Well‑maintained for straightforward residential income
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,586
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$771,720
$771.7K
Cap Rate 7%
$551,229
$551.2K
Cap Rate 9%
$428,733
$428.7K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$57.7K $22.20/SF
− Vacancy
−$2.6K −$1.00/SF
EGI
$55.1K $21.20/SF
− OpEx
−$16.5K −$6.36/SF
NOI
$38.6K $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%
$771,720
Cap Rate 7%
$551,229
Cap Rate 9%
$428,733
Alternative Uses
Best Use
Multifamily LT 5
$551.2K
$482.3K – $643.1K
NOI $38,586 @ 7.0% cap · market cap 4.98%
Second Best
Apartment 5plus
$493.2K
$431.5K – $575.4K
NOI $34,522 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$778.2K
$680.9K – $907.9K
NOI $54,475 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
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
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
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit building with one 3-bedroom and one 2-bedroom unit, maintained for straightforward residential income.
Where is this duplex located?
The property is located at 154 Washington Street Saratoga Springs, NY.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Two‑unit multifamily building built in 1875; One 3‑bedroom unit and one 2‑bedroom unit; Well‑maintained for straightforward residential income
