58 Lincoln Ave, Saratoga Springs, NY 12866

This turnkey 5-unit multifamily property was built in 1900 and has been fully revitalized top-to-bottom within the past two years. The property is currently reported at 100% occupancy. Recent improvements include a new roof and siding, updates to the parking lot/driveway and landscaping, and replaced HVAC systems. Interior and systems work listed in the remarks include electrical, plumbing, and lighting fixture updates, along with refinished hardwood floors, fresh paint, all-new kitchens with quartz countertops, stainless appliances, and new cabinet work, and all-new bathrooms with tile, vanities, and fixtures. Unit amenities include in-unit laundry and off-street parking. The tenant mix is described as studios alongside 2-bed units with 1–2 baths.

The building is located at 58 Lincoln Ave in Saratoga Springs, NY, and is described as just steps from Broadway, SPAC, and the Saratoga Race Track.

For investors or local operators, the combination of recently completed capital work and an in-place unit amenity package supports an ownership approach centered on operational readiness. The listing provides current monthly gross rents of $9,750, with reported annualized operating income of $118,200 and annualized net operating income of $91,571, based on the property’s current stabilized condition and the renovation scope described.