Redevelopment Multifamily
383 Church Street Saratoga Springs, NY 12866
New
383 Church Street, Saratoga Springs, NY, 12866
$899,900
For Sale
$899,900
MULTI_FAMILY - Other - Saratoga Springs, NY
Property Size3,323 SF
Lot Size0.58 Acres
Price / SF$270.81
Days on Market3
Property Features for 383 Church Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- Multi Residence
- Bedrooms
- 2
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bathroom 2, Bathroom 1, Bathroom 3, Bedroom 1
- Parking
- 10
- Basement
- Unfinished, Full
- Standard status
- Active
- APN
- 411589 165.-1-46
- Size
- 3,323 SF
- Lot size
- 0.58 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6761
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1880
- Number of units
- 2
- Building materials
- Vinyl Siding, Wood Siding
- Architectural style
- Other
Listing agency
Kelleher Realty
(518) 695-6842
Listed by
Rachel Magnell · License #10401398070
(518) 928-0093
Added: Jul 20 Updated: Jul 22 at 6:40PM Checked: Jul 22 at 11:06PM
MLS# 202622398
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.
Located at 383 Church Street, Saratoga Springs, NY, this redevelopment-ready multifamily property is offered as-is with an existing structure. The site includes 137 feet of frontage along the Church Street (Route 9N) corridor and totals approximately 0.46 acres, providing a development platform within a Multi Residence zoning designation.
The property is positioned near Saratoga Hospital and Skidmore College, and it is described as a visible gateway location just minutes from downtown Saratoga Springs and nearby major residential communities. Subject to municipal approvals, the property is described as potentially suited for commercial, mixed-use, medical, professional office, hospitality, or residential uses.
An opportunity is also noted to acquire the property in conjunction with the adjoining parcel (MLS# 202620566), subject to separate sale of each parcel, to create a larger assemblage with additional frontage and flexibility for future redevelopment.
The property is positioned near Saratoga Hospital and Skidmore College, and it is described as a visible gateway location just minutes from downtown Saratoga Springs and nearby major residential communities. Subject to municipal approvals, the property is described as potentially suited for commercial, mixed-use, medical, professional office, hospitality, or residential uses.
An opportunity is also noted to acquire the property in conjunction with the adjoining parcel (MLS# 202620566), subject to separate sale of each parcel, to create a larger assemblage with additional frontage and flexibility for future redevelopment.
Key Highlights
- 0.46‑acre site with 137 ft of frontage on Church Street (Route 9N) corridor
- Remarkably visible Church Street location, just minutes from downtown Saratoga Springs
- Year built 1880 with existing structure sold as‑is
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 | $73.8k | $22.20 |
| − Vacancy | −$3.3k | −$1.00 |
| EGI | $70.5k | $21.20 |
| − OpEx | −$21.1k | −$6.36 |
| NOI | $49.3k | $14.84 |
3,323 SF · lease $22.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$704.5K
$616.5K – $821.9K
NOI $49,316 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$630.3K
$551.5K – $735.4K
NOI $44,122 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$994.6K
$870.3K – $1.16M
NOI $69,623 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Redevelopment-ready multifamily site with 137 feet of frontage along the Route 9N corridor, offered as-is.
Where is this duplex located?
The property is located at 383 Church Street Saratoga Springs, NY.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: 0.46‑acre site with 137 ft of frontage on Church Street (Route 9N) corridor; Remarkably visible Church Street location, just minutes from downtown Saratoga Springs; Year built 1880 with existing structure sold as‑is
