Renovated Duplex with Historic
20 Lafayette Street, Saratoga Springs, NY 12866
For Sale
$849,900
MultiFamily, Saratoga Springs, NY
Property Size1,812 SF
Lot Size0.03 Acres
Price / SF$469.04
Days on Market47
Property Features for 20 Lafayette Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Window features
Patio and Porch features
Interior features
Lot features
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
deck
patio
fenced in yard
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Kelleher Realty LLC
Listed By:
Jeffrey Kelleher · License #10491208888
(518) 368-0471
Added: Sep 22
Changed: Nov 2
Last Checked: Nov 7 at 6:06PM
MLS# 202626679
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.
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Investment Insights
Based on property information with market context.
This 1,812-square-foot duplex at 20 Lafayette Street combines an upper residence with a separate first-floor studio apartment featuring its own kitchen. The layout can also function as a three-bedroom, 2.5-bath single-family home. Originally built in 1850, the property was completely renovated eight years ago while retaining exposed brick walls and hardwood flooring. Additional interior features include solid-surface counters, ceramic tile baths, a walk-in closet, high-speed internet, and ductless cooling.
Outdoor space includes a deck, porch, patio, and fenced yard. The property occupies 0.03 acres and is served by public water and public sewer. Saratoga Springs is identified as the postal city, with the home located in the 12866 ZIP code.
Outdoor space includes a deck, porch, patio, and fenced yard. The property occupies 0.03 acres and is served by public water and public sewer. Saratoga Springs is identified as the postal city, with the home located in the 12866 ZIP code.
Key Highlights
- 1,812‑square‑foot duplex on a 0.03‑acre lot
- Upper residence plus first‑floor studio apartment with kitchen
- Three‑bedroom, 2.5‑bath single‑family layout option
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,891
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,820
$537.8K
Cap Rate 7%
$384,157
$384.2K
Cap Rate 9%
$298,789
$298.8K
Market Conditions
NOI Build-Up for 1,812 SF
Gross rent
$40.2K $22.20/SF
− Vacancy
−$1.8K −$1.00/SF
EGI
$38.4K $21.20/SF
− OpEx
−$11.5K −$6.36/SF
NOI
$26.9K $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%
$537,820
Cap Rate 7%
$384,157
Cap Rate 9%
$298,789
Alternative Uses
Best Use
Multifamily LT 5
$384.2K
$336.1K – $448.2K
NOI $26,891 @ 7.0% cap · market cap 3.16%
Second Best
Apartment 5plus
$343.7K
$300.8K – $401.0K
NOI $24,060 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$542.4K
$474.6K – $632.8K
NOI $37,965 @ 7.0% cap · market cap 4.47%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,583
Businesses Nearby
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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
$419,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Saratoga Springs, NY
Properties on Market for Duplexes in Saratoga Springs
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Brick duplex with a first-floor studio, deck, patio, and fenced yard.
Where is this duplex located?
The property is located at 20 Lafayette Street Saratoga Springs, NY.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: 1,812‑square‑foot duplex on a 0.03‑acre lot; Upper residence plus first‑floor studio apartment with kitchen; Three‑bedroom, 2.5‑bath single‑family layout option
