Lakefront
For Sale
$600,000
Pending
774 Nys Route 9P, Saratoga Springs, NY 12866
MultiFamily, Saratoga Springs, NY
Property Size1,740 SF
Lot Size0.55 Acres
Days on Market1201
Property Features for 774 Nys Route 9P
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
Multi Residence
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bathroom 3, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 5, Bedroom 4
Parking
11
Parking features
Off Street, Driveway
Window features
Insulated Windows, Blinds, Screens
Patio and Porch features
Deck, Patio, Porch
Interior features
Paddle Fan, High Speed Internet
Basement
Apartment, Exterior Entry, Walk-Out Access, Full, Finished
Lot features
Road Frontage, Sloped, Views, Waterfront
Elementary school
Stillwater
High school
Stillwater
Elementary school district
Stillwater
Middle school district
Stillwater
High school district
Stillwater
Directions
NY-9P S/Saratoga County Veterans Memorial Bridge continue to follow NY-9P S Pass by the gas station (on the left in 0.2 mi)
Special listing conditions
Third Party Approval
Standard status
Pending
APN
415289 206.13-1-7
Size
1,740 SF
Lot size
0.55 Acres
Taxes and HOA fees
Tax Annual Amount
7959
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Radiant, Forced Air, Propane (Heating), Radiant Floor, Electric (Heating)
Water front features
Lake, Beach Front, Lake Front
Water front
1
Building Details
Year built
1930
Number of units
3
Flooring type
Laminate, Hardwood, Vinyl
Building materials
Vinyl Siding
Roof type
Metal
Listing Agency:
KW Platform · Keller Williams Realty
(518) 281-6808
Listed By:
Scott P Varley · License #30VA0727304
(518) 693-1080
Added: Jun 19, 2023
Changed: Sep 12
Last Checked: Oct 1 at 11:06PM
MLS# 202319064
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.
Investment Insights
Based on property information with market context.
This 1,740-square-foot triplex was built in 1930 and occupies a 0.55-acre lakefront parcel in Saratoga Springs. The property includes three residential units, separate utility meters, public sewer service, and off-street parking for 11 vehicles. Exterior features include a deck, patio, porch, metal roof, and vinyl siding, while interior finishes include hardwood, laminate, and vinyl flooring.
Located along NYS Route 9P, the property has lake, beach-front, and lake-front features. Zoning is Multi Residence. Additional property features include high-speed internet, cable availability, and a mix of hot-water, radiant, forced-air, propane, electric, and radiant-floor heating systems.
Located along NYS Route 9P, the property has lake, beach-front, and lake-front features. Zoning is Multi Residence. Additional property features include high-speed internet, cable availability, and a mix of hot-water, radiant, forced-air, propane, electric, and radiant-floor heating systems.
Key Highlights
- 1,740‑square‑foot triplex on 0.55 acres
- Lake, beach‑front, and lake‑front features
- Three residential rental units with separate meters
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,823
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$516,460
$516.5K
Cap Rate 7%
$368,900
$368.9K
Cap Rate 9%
$286,922
$286.9K
Market Conditions
NOI Build-Up for 1,740 SF
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.
Gross rent
$38.6K $22.20/SF
− Vacancy
−$1.7K −$1.00/SF
EGI
$36.9K $21.20/SF
− OpEx
−$11.1K −$6.36/SF
NOI
$25.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$516,460
Cap Rate 7%
$368,900
Cap Rate 9%
$286,922
Alternative Uses
Best Use
Multifamily LT 5
$368.9K
$322.8K – $430.4K
NOI $25,823 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$330.1K
$288.8K – $385.1K
NOI $23,104 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$520.8K
$455.7K – $607.6K
NOI $36,456 @ 7.0% cap · market cap 6.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
16
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
View Realmo Analytics
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?
Triplex - Three rental units with public sewer, separate meters, and off-street parking.
Where is this triplex located?
The property is located at 774 Nys Route 9P Saratoga Springs, NY.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 1,740‑square‑foot triplex on 0.55 acres; Lake, beach‑front, and lake‑front features; Three residential rental units with separate meters
