Duplex with Detached
For Sale
$750,000
47 Benedict Street, Saratoga Springs, NY 12866
A restored two-family home pairs separate upper-level living space with a substantial accessory garage and fenced yard.
Property Size1,974 SF
Price / SF$379.94
Days on Market9
Property Features for 47 Benedict Street
General Information
Standard status
Active
Size
1,974 SF
Property subtype
Multi-family
Additional Details
Road Access
Yes
Multifamily Units
2
Building Details
Year Built
1890
Listing Agency:
KW Platform
Listed By:
Elizabeth Page · License #10401333541
(518) 573-1112
Source:
Signatureonerealtygroup
Added: Oct 13
Changed: Oct 21
Last Checked: Oct 20 at 11:41PM
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 KW Platform
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Investment Insights
Based on property information with market context.
This 1890 duplex in Saratoga Springs offers a two-family layout with an independent upper level. The restored home features hardwood floors and a front porch. A detached garage includes electricity, a loft, and plumbing in place for a full bathroom. The property also has a deep, landscaped lot with a fenced yard.
At 47 Benedict Street, the property is a half-mile from downtown, with sidewalks along the route. The nearby Beekman Street Arts District adds shops, galleries, and restaurants to the surrounding area.
At 47 Benedict Street, the property is a half-mile from downtown, with sidewalks along the route. The nearby Beekman Street Arts District adds shops, galleries, and restaurants to the surrounding area.
Key Highlights
- Two‑family layout with independent upper‑level living space
- Detached garage has electricity, a loft, and plumbing roughed in for a full bathroom
- Deep, landscaped lot with a fully fenced yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,296
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$585,920
$585.9K
Cap Rate 7%
$418,514
$418.5K
Cap Rate 9%
$325,511
$325.5K
Market Conditions
NOI Build-Up for 1,974 SF
Gross rent
$43.8K $22.20/SF
− Vacancy
−$2.0K −$1.00/SF
EGI
$41.9K $21.20/SF
− OpEx
−$12.6K −$6.36/SF
NOI
$29.3K $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%
$585,920
Cap Rate 7%
$418,514
Cap Rate 9%
$325,511
Alternative Uses
Best Use
Multifamily LT 5
$418.5K
$366.2K – $488.3K
NOI $29,296 @ 7.0% cap · market cap 3.91%
Second Best
Apartment 5plus
$374.4K
$327.6K – $436.9K
NOI $26,211 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$590.8K
$517.0K – $689.3K
NOI $41,359 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,486
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
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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?
Duplex - A restored two-family home pairs separate upper-level living space with a substantial accessory garage and fenced yard.
Where is this duplex located?
The property is located at 47 Benedict Street Saratoga Springs, NY.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two‑family layout with independent upper‑level living space; Detached garage has electricity, a loft, and plumbing roughed in for a full bathroom; Deep, landscaped lot with a fully fenced yard
