Well-Maintained Two-Unit
154 Washington Street Saratoga Springs, NY 12866
154 Washington Street, Saratoga Springs, NY, 12866
$775,000
For Sale
$775,000
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 Market209
Property Features for 154 Washington Street
General Information
- Standard status
- Active
- Size
- 2,600 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1875
Listing Agency
Julie & Co Realty LLC
Listed by
Lars Huus-Skladzinski
(518) 639-4663
Source
Signatureonerealtygroup
Added: Dec 22, 2025 Checked: Jul 18 at 3:00 am
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
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
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.7k | $22.20 |
| − Vacancy | −$2.6k | −$1.00 |
| EGI | $55.1k | $21.20 |
| − OpEx | −$16.5k | −$6.36 |
| NOI | $38.6k | $14.84 |
2,600 SF · lease $22.20/SF/yr · vacancy 4.50% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
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
