Triplex with Off-Street
New
For Sale
$739,000
43 Ash Street, Saratoga Springs, NY 12866
Three apartments have tenant-paid utilities, with rental income from the units and parking.
Property Size2,720 SF
Price / SF$271.69
Days on Market2
Property Features for 43 Ash Street
General Information
Standard status
Active
Size
2,720 SF
Total Parking Spaces
6
Property subtype
Multi-Family
Additional Details
Multifamily Units
3
Building Details
Year Built
1880
Listing Agency:
eXp Realty
Listed By:
Christopher Imbarrato · License #34303
Source:
518realty
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 20 at 5:01PM
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 eXp Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 43 Ash Street, this triplex contains 3 residential units totaling approximately 2,720 square feet. The property has 5 bedrooms and 4 bathrooms, was built in 1880, and includes 6 off-street parking spaces. Tenants pay utilities, and the property generates rental income, including revenue from parking.
The property is near downtown Saratoga Springs, with access to dining, shopping, and entertainment.
The property is near downtown Saratoga Springs, with access to dining, shopping, and entertainment.
Key Highlights
- 3 residential units totaling approximately 2,720 square feet
- 5 bedrooms and 4 bathrooms across the property
- 6 off‑street parking spaces, with additional parking revenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,367
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$807,340
$807.3K
Cap Rate 7%
$576,671
$576.7K
Cap Rate 9%
$448,522
$448.5K
Market Conditions
NOI Build-Up for 2,720 SF
Gross rent
$60.4K $22.20/SF
− Vacancy
−$2.7K −$1.00/SF
EGI
$57.7K $21.20/SF
− OpEx
−$17.3K −$6.36/SF
NOI
$40.4K $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%
$807,340
Cap Rate 7%
$576,671
Cap Rate 9%
$448,522
Alternative Uses
Best Use
Multifamily LT 5
$576.7K
$504.6K – $672.8K
NOI $40,367 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$515.9K
$451.5K – $601.9K
NOI $36,116 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$814.1K
$712.4K – $949.8K
NOI $56,989 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,793
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments have tenant-paid utilities, with rental income from the units and parking.
Where is this triplex located?
The property is located at 43 Ash Street Saratoga Springs, NY.
What is the asking price?
The asking price for this property is $739,000.
What are key features of this property?
This property features: 3 residential units totaling approximately 2,720 square feet; 5 bedrooms and 4 bathrooms across the property; 6 off‑street parking spaces, with additional parking revenue
