Duplex with
New
For Sale
$750,000
47 Benedict Street, Saratoga Springs, NY 12866
MultiFamily, Saratoga Springs, NY
Property Size1,974 SF
Lot Size0.32 Acres
Price / SF$379.94
Days on Market1
Property Features for 47 Benedict Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 1, Bathroom 3, Laundry Room, Bathroom 2, Bedroom 4, Bedroom 3, Bathroom 1
Parking
6
Parking features
Driveway, Open, Garage, Off Street
Patio and Porch features
Deck, Porch
Interior features
Solid Surface Counters, Walk-In Closet(s), Built-in Features, Ceramic Tile Bath
Exterior features
Garden
Fencing
Privacy, Gate, Fenced
Basement
Interior Entry, Unfinished, Partial
Subdivision
Downtown Saratoga Springs
Lot features
Private, Landscaped
Elementary school
Flex Zone
High school
Saratoga Springs
Elementary school district
Saratoga Springs
Middle school district
Saratoga Springs
High school district
Saratoga Springs
Directions
From Broadway, Downtown Saratoga Springs (Rt 50) Turn onto Congress St. Congress St turns into Grand Ave 0.4 mi Turn left onto Benedict St 47 Benedict St will be on your right
Standard status
Active
APN
411501 165.73-1-12.1
Size
1,974 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Annual Amount
7076
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Natural Gas, Baseboard, Forced Air
Cooling system
Wall Unit(s)
Water source
Public
Building Details
Year built
1890
Number of units
2
Flooring type
Tile - Ceramic, Hardwood, Carpet, Vinyl, Tile
Building materials
Brick, Drywall, Vinyl Siding
Roof type
Metal
Architectural style
Other
Additional Structures
Workshop
Listing Agency:
KW Platform · Keller Williams Realty
(518) 724-5800
Listed By:
Elizabeth Page · License #10401333541
(518) 573-1112
Added: Oct 15
Last Checked: Oct 15 at 8:06PM
MLS# 202628313
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 1,974-square-foot duplex, built in 1890, offers a two-family layout and a separate garage with electricity, a loft, and plumbing roughed in for a bathroom. Interior features include hardwood flooring, walk-in closets, built-in elements, and ceramic tile baths. A porch and deck extend the living space outdoors, while the fenced yard includes garden landscaping. The property occupies a 0.32-acre lot and has driveway, garage, and off-street parking. Public water and sewer serve the property.
The home is approximately half a mile from downtown, with sidewalks along the route. The Beekman Street Arts District, including shops, galleries, and restaurants, is also identified nearby.
The home is approximately half a mile from downtown, with sidewalks along the route. The Beekman Street Arts District, including shops, galleries, and restaurants, is also identified nearby.
Key Highlights
- Two‑family duplex with 1,974 square feet of building area
- Separate garage includes electricity, a loft, and plumbing rough‑in for a bathroom
- 0.32‑acre lot with fenced yard and garden
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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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
810
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 - Two-family configuration with a separate garage featuring electrical service, a loft, and plumbing rough-in for a bathroom.
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 duplex with 1,974 square feet of building area; Separate garage includes electricity, a loft, and plumbing rough‑in for a bathroom; 0.32‑acre lot with fenced yard and garden
