Duplex with Mixed-Use
For Sale
$780,000
48 Lincoln Avenue, Saratoga Springs, NY 12866
MULTI_FAMILY - Saratoga Springs, NY
Property Size2,156 SF
Lot Size0.17 Acres
Price / SF$361.78
Days on Market121
Property Features for 48 Lincoln Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
High school district
000000
Directions
From S Broadway turn right onto Lincoln Ave. Property is located about 250' on your right.
Standard status
Active
Size
2,156 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
7160
Utilities
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1960
Number of units
2
Roof type
Asphalt
Listing Agency:
Miranda Real Estate Group Inc
(518) 348-2060
Listed By:
Lisa Vitiello
(518) 348-2060
Added: Apr 3
Changed: Jul 21
Last Checked: Aug 1 at 3:06AM
MLS# 11685185
Copyright © 2026 My State MLS. 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.
This duplex offers flexible options under NC T5 zoning. Permitted uses listed for the property include a townhouse, single-family home, two-family home, and a ground-floor business with a residence above.
Located in Saratoga Springs, New York, the property sits on a 0.17-acre lot and has a total size of 2,156 square feet. The zoning-permitted mix of residential and potential ground-floor commercial with an upper residence may support a variety of development and ownership strategies for the right buyer.
Located in Saratoga Springs, New York, the property sits on a 0.17-acre lot and has a total size of 2,156 square feet. The zoning-permitted mix of residential and potential ground-floor commercial with an upper residence may support a variety of development and ownership strategies for the right buyer.
Key Highlights
- NC T5 zoning permits townhouse, single‑family home, and two‑family home uses
- Zoning also allows a business on the ground floor with a residence above
- Built in 1960 with forced‑air heating and natural gas
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 | $47.9k | $22.20 |
| − Vacancy | −$2.2k | −$1.00 |
| EGI | $45.7k | $21.20 |
| − OpEx | −$13.7k | −$6.36 |
| NOI | $32.0k | $14.84 |
2,156 SF · lease $22.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$457.1K
$400.0K – $533.3K
NOI $31,997 @ 7.0% cap · market cap 4.10%
Second Best
Apartment 5plus
$409.0K
$357.8K – $477.1K
NOI $28,627 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$645.3K
$564.7K – $752.9K
NOI $45,173 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,758
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex for sale in Saratoga Springs with NC T5 zoning allowing multiple residential configurations.
Where is this duplex located?
The property is located at 48 Lincoln Avenue Saratoga Springs, NY.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: NC T5 zoning permits townhouse, single‑family home, and two‑family home uses; Zoning also allows a business on the ground floor with a residence above; Built in 1960 with forced‑air heating and natural gas
