Remodeled Side-by-Side
2015-2017 St Paul Drive Ballston Spa, NY 12020
2015-2017 St Paul Drive, Ballston Spa, NY, 12020
$399,900
Pending
For Sale
$399,900
Pending
Side-by-side duplex with remodeled interiors, with each unit offering living space, kitchens, and bathrooms.
Property Size2,420 SF
Days on Market42
Property Features for 2015-2017 St Paul Drive
General Information
- Standard status
- Pending
- Size
- 2,420 SF
- Property subtype
- Multi Family / Duplex
Building Details
- Year Built
- 1990
Listing agency
Clancy Real Estate
(518) 461-9937
Listed by
Kevin Clancy · License #37CL1081409
(518) 461-9937
Source
Compass
Added: Jun 11 Updated: Jul 21 at 3:05PM Checked: Jul 21 at 3:05PM
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 Clancy Real Estate
Investment Insights
Based on property information with market context.
This side-by-side duplex has been remodeled, with updated, stylish interiors throughout. Both units are laid out for comfortable day-to-day living, featuring spacious living areas plus kitchens and baths.
Located in the Ballston Spa area, the property offers convenient access to downtown Ballston Spa and nearby Saratoga Springs, along with shopping, dining, schools, parks, and major commuting routes.
2015-2017 St Paul Drive is an income-producing residential property configured as a duplex, offering two separate units within the same building footprint.
Located in the Ballston Spa area, the property offers convenient access to downtown Ballston Spa and nearby Saratoga Springs, along with shopping, dining, schools, parks, and major commuting routes.
2015-2017 St Paul Drive is an income-producing residential property configured as a duplex, offering two separate units within the same building footprint.
Key Highlights
- Side‑by‑side duplex with remodeled interiors; each unit offers living space, a kitchen, and a bathroom
- Year built 1990 with asphalt roofing and laminate flooring
- Ductless heating and ductless cooling (wall units) plus built‑in interior features
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 | $53.7k | $22.20 |
| − Vacancy | −$2.4k | −$1.00 |
| EGI | $51.3k | $21.20 |
| − OpEx | −$15.4k | −$6.36 |
| NOI | $35.9k | $14.84 |
2,420 SF · lease $22.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$513.1K
$448.9K – $598.6K
NOI $35,914 @ 7.0% cap · market cap 8.98%
Second Best
Apartment 5plus
$459.0K
$401.7K – $535.5K
NOI $32,132 @ 7.0% cap · market cap 8.04%
Theoretical Best
Office A
$724.3K
$633.8K – $845.1K
NOI $50,704 @ 7.0% cap · market cap 12.68%
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 - Side-by-side duplex with remodeled interiors, with each unit offering living space, kitchens, and bathrooms.
Where is this duplex located?
The property is located at 2015-2017 St Paul Drive Ballston Spa, NY.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Side‑by‑side duplex with remodeled interiors; each unit offers living space, a kitchen, and a bathroom; Year built 1990 with asphalt roofing and laminate flooring; Ductless heating and ductless cooling (wall units) plus built‑in interior features
