5-Unit Multifamily
For Sale
$749,900
Pending
175 Beekman St, Saratoga Springs, NY 12866
Features updated furnaces, on-site laundry, off-street parking, and a large backyard.
Property Size3,902 SF
Days on Market77
Property Features for 175 Beekman St
General Information
Standard status
Pending
Size
3,902 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$7,459
Listing Agency:
KW Platform
(518) 724-5800
Listed By:
Dominick Marchesiello · License #10401309332
(518) 338-7299
Source:
Exprealty
Added: Aug 3
Changed: Oct 6
Last Checked: Oct 16 at 2:28PM
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 KW Platform
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Investment Insights
Based on property information with market context.
Located at 175 Beekman St in Saratoga Springs, this 3,902-square-foot multifamily property contains five units: two one-bedroom apartments, one 1.5-to-2-bedroom apartment, one two-bedroom apartment, and one three-bedroom apartment. The property includes a coin-operated laundry room, a large backyard, and off-street parking for three vehicles, with additional parking available on the street.
Separate gas and electric meters serve all units. Most windows have been replaced, the house has been painted, and vinyl siding was added to the rear. One roof was replaced approximately three years ago, and all furnaces have been updated to natural gas.
The property is near downtown dining, shopping, and entertainment, with bus lines down the road and the Saratoga Race Course nearby.
Separate gas and electric meters serve all units. Most windows have been replaced, the house has been painted, and vinyl siding was added to the rear. One roof was replaced approximately three years ago, and all furnaces have been updated to natural gas.
The property is near downtown dining, shopping, and entertainment, with bus lines down the road and the Saratoga Race Course nearby.
Key Highlights
- Five‑unit layout with two 1‑bedroom, one 1.5‑to‑2‑bedroom, one 2‑bedroom, and one 3‑bedroom unit
- 3,902 square feet at 175 Beekman St, Saratoga Springs, NY
- Off‑street parking for three vehicles plus additional street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,810
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,036,200
$1.0M
Cap Rate 7%
$740,143
$740.1K
Cap Rate 9%
$575,667
$575.7K
Market Conditions
NOI Build-Up for 3,902 SF
Gross rent
$98.3K $25.20/SF
− Vacancy
−$4.1K −$1.06/SF
EGI
$94.2K $24.14/SF
− OpEx
−$42.4K −$10.86/SF
NOI
$51.8K $13.28/SF
Area
Saratoga County, NY
Vacancy
4.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,036,200
Cap Rate 7%
$740,143
Cap Rate 9%
$575,667
Alternative Uses
Best Use
Apartment 5plus
$740.1K
$647.6K – $863.5K
NOI $51,810 @ 7.0% cap · market cap 6.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,755 @ 7.0% cap · market cap 10.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,713
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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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?
Apartment building - Features updated furnaces, on-site laundry, off-street parking, and a large backyard.
Where is this apartment building located?
The property is located at 175 Beekman St Saratoga Springs, NY.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Five‑unit layout with two 1‑bedroom, one 1.5‑to‑2‑bedroom, one 2‑bedroom, and one 3‑bedroom unit; 3,902 square feet at 175 Beekman St, Saratoga Springs, NY; Off‑street parking for three vehicles plus additional street parking
