58 Lincoln Avenue

Saratoga Springs NY 12866

3549 sq. ft.

6534 sq. ft.

Multi-Family

Last sold for $1,425,000

Brian Green, last sold this property on 07 May 2026 after 89 days on market.

Overview

Prime turnkey multifamily investment at 58 Lincoln Avenue, Saratoga Springs, NY 12866 - just steps from Broadway, SPAC, and the iconic Saratoga Race Track. This 5-unit property (built 1900, fully revitalized top-to-bottom in the past 2 years) delivers immediate, hassle-free cash flow with 100% occupancy and no deferred maintenance. Ideal for 1031 exchange investors or local portfolio builders seeking rock-solid, low-operational-demand ownership in one of New York's most resilient markets. Key Highlights: Stabilized Income: Current monthly gross rents $9,750. Normalized annual operating income: $118,200. Strong NOI: Annualized Net Operating Income $91,571. Recent Renovations (Past 2 Years): New roof, siding, parking lot/driveway, landscaping, HVAC systems, electrical/plumbing/lighting fixtures, refinished hardwood floors, fresh paint, all-new kitchens (quartz counters, stainless appliances, cabinets), all-new bathrooms (tile, vanities, fixtures), in-unit laundry, and more - literally everything updated for modern, worry-free operation. Unit Mix: Mix of 2-bed/1-2 bath and studio units with in-unit laundry and off-street parking - high tenant appeal in a tourism/healthcare/tech-driven area. Market Strength: Saratoga Springs enjoys steady rent growth, low multifamily vacancies (regional ~2-5%), and strong demand from seasonal events, downtown vibrancy, and Capital Region job growth. https://turnkey58lincoln.lovable.app

Features

8 bedrooms

7 bathrooms

5 carspaces

3549 sq. ft. floor area

6534 sq. ft. lot size

Multi-Family

Estimated Value

We need at least 3 similar 8 bedroom multi families sold in Saratoga Springs over the last 12 months.

Property history for 58 Lincoln Avenue

2026

Sold

$1,425,000

07 May 2026 by Brian Green

Happy sellers in Saratoga Springs

We have insufficient information to provide an overview of customer satisfaction for Saratoga Springs. Viewing the agent profiles, reviews and sales for Saratoga Springs can provide insights for this location.

Local market activity for 8 bedroom multi families in Saratoga Springs

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Saratoga Springs for a market analysis.

Heather Morra

at McDonald Real Estate Company, LLC

(10 reviews)

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Zachary Layton

at Four Seasons Sotheby's International Realty

(3 reviews)

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Kate R. Naughton

at Roohan Realty

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Kerry Loiselle

at Sterling Homes Inc.

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Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Saratoga Springs

Heather Morra

Heather Morra is an award winning recommended agent for Saratoga Springs. They have 2 local sales and collected 2 local reviews across the last 12 months.