Five-Unit Apartment
For Sale
$749,900
Pending
175 Beekman Street, Saratoga Springs, NY 12866
MultiFamily, Saratoga Springs, NY
Property Size3,902 SF
Lot Size0.17 Acres
Days on Market61
Property Features for 175 Beekman Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Commercial
Bedrooms
8
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 1, Bathroom 2, Bedroom 6, Bathroom 3, Bedroom 8, Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 5, Bedroom 7, Bathroom 4, Bathroom 1, Bathroom 5
Parking
3
Parking features
Tandem, Driveway, Off Street
Patio and Porch features
Deck, Porch
Basement
Unfinished
Subdivision
Downtown Saratoga Springs
Lot features
Level, Landscaped
Elementary school
Flex Zone
High school
Saratoga Springs
Elementary school district
Saratoga Springs
Middle school district
Saratoga Springs
High school district
Saratoga Springs
Directions
RT 50/29 to Van Dam st to Left on Beekman. From Broadway downtown take division st to right on Beekman st. Park on street please
Standard status
Pending
APN
411501 165.58-1-12
Size
3,902 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
7460
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air, Baseboard
Cooling system
Window Unit(s)
Water source
Public
Amenities
on-site laundry
Building Details
Year built
1930
Number of units
5
Flooring type
Laminate, Linoleum, Carpet
Building materials
Vinyl Siding, Wood Siding
Roof type
Shingle, Asphalt, Rubber
Architectural style
Other
Listing Agency:
KW Platform · Keller Williams Realty
(518) 724-5800
Listed By:
Dominick Marchesiello · License #10401309332
(518) 338-7299
Added: Aug 3
Changed: Sep 12
Last Checked: Oct 2 at 6:06PM
MLS# 202623117
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.
Investment Insights
Based on property information with market context.
Built in 1930, this 3,902-square-foot apartment property contains five units: two one-bedroom apartments, one 1.5-to-2-bedroom unit, one two-bedroom apartment, and one three-bedroom unit. The property includes a coin-operated laundry room, a large backyard, porch and deck areas, and off-street parking for three vehicles. Separate gas and electric meters serve every unit. Public water and sewer are provided, with natural gas heating through updated furnaces and window-unit cooling.
Located at 175 Beekman Street in Saratoga Springs, the property offers access to downtown dining, shopping, and entertainment, with bus lines nearby. The Saratoga Race Course is also within the surrounding area. Improvements include replacement of most windows, recent exterior painting, new vinyl siding on the rear, and a roof replaced approximately three years ago. Commercial zoning supports the property's existing apartment configuration.
Located at 175 Beekman Street in Saratoga Springs, the property offers access to downtown dining, shopping, and entertainment, with bus lines nearby. The Saratoga Race Course is also within the surrounding area. Improvements include replacement of most windows, recent exterior painting, new vinyl siding on the rear, and a roof replaced approximately three years ago. Commercial zoning supports the property's existing apartment configuration.
Key Highlights
- Five‑unit apartment property with two 1‑bedroom units, one 1.5‑to‑2‑bedroom unit, one 2‑bedroom unit, and one 3‑bedroom unit
- 3,902 square feet on 0.17 acres at 175 Beekman Street
- Off‑street parking for 3 vehicles, plus driveway, tandem, and street parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$51,810
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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Current Use
Lease Details
5
Residential units
Yes
Utilities to site
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Individually metered apartments with on-site laundry, off-street parking, and a large backyard.
Where is this apartment building located?
The property is located at 175 Beekman Street 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 apartment property with two 1‑bedroom units, one 1.5‑to‑2‑bedroom unit, one 2‑bedroom unit, and one 3‑bedroom unit; 3,902 square feet on 0.17 acres at 175 Beekman Street; Off‑street parking for 3 vehicles, plus driveway, tandem, and street parking
