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Listed by Brian Green • eXp Realty

$ 1,795,000

Est. payment -/mo

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17-21 Granite Street Saratoga Springs, NY 12866

12 Beds

6 Baths

5,392 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,392 sqft

Price per Sqft $332

MLS Listing ID 202614995

Bedrooms 12

Full Baths 6

HOA Y/N No

Year Built 1880

Annual Tax Amount $19,641

Lot Size 0.280 Acres

Acres 0.28

Property Sub-Type Multi Family

Source Global MLS

Property Description

This fully renovated 6-unit multifamily property offers a turnkey investment opportunity with 100% occupancy and stable cash flow. Originally built in 1880 and comprehensively renovated in 2021, the 5,392 sq ft complex sits on a 0.28-acre lot and comprises three buildings at 17, 19, and 21 Granite Street.

The renovation included new siding, HVAC systems with central air, refinished and new flooring, all-new kitchens, bathrooms, lighting, paint, porches, and landscaping. Roofs were professionally coated. The property features a shared common lawn area and off-street parking.

Value Proposition
A rock-solid, low-maintenance investment tailored for 1031 exchange participants, portfolio expanders, or owner-occupants seeking hassle-free ownership in one of upstate New York's most desirable markets.

Key features include a furnished single-family house (19 Granite) commanding premium rents, three separate structures diversifying risk, and comprehensive 2021 renovations ensuring turnkey readiness with minimal future capital requirements. Proximity to Skidmore College and downtown Broadway drives year-round tenant demand.

Owner-Occupant Opportunity: Live in the furnished single-family house at 19 Granite while rental income from the remaining 5 units covers the mortgage--effectively living for free in downtown Saratoga Springs.

Location

State NY

County Saratoga

Direction From I-87 North, take Exit 15 and turn right onto NY-50 South towards Saratoga Springs. Turn right onto Gick Road and continue for about 1.6 miles, then turn left onto Vincek Lane. Granite Street is located near Gick Road/Vincek Lane in Saratoga Springs, NY, a short drive from the exit.

Interior

Heating Forced Air

Exterior

Exterior Feature Other

Building

Sewer Public Sewer

Water Public

Architectural Style Traditional

Schools

School District Saratoga Springs

Others

Tax ID 411501 165.43-1-31

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