72 Union Avenue, Saratoga Springs, NY 12866
72 Union Avenue, Saratoga Springs, NY 12866
72 Union Avenue, Saratoga Springs, NY 12866
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Listed by Lynda J Macdonald • Coldwell Banker Prime Properties
$6,500,000
Est. payment /mo
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22 Baths
1.01 Acres Lot
New

72 Union Avenue Saratoga Springs, NY 12866

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Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 202618875

HOA Y/N No

Year Built 1930

Annual Tax Amount $44,431

Lot Size 1.010 Acres

Acres 1.01

Lot Dimensions 184FF

Property Sub-Type Multi Family

Source Global MLS

Property Description

Rare opportunity to acquire one of Saratoga Springs' most iconic investment properties with significant value-add potential. In addition to generating strong income from 15 fully occupied apartments, the property may offer condominium conversion potential as well as the opportunity, with town approvals, to develop an additional luxury condo/townhome building of approximately 4,000-6,000 square feet per floor. Pro forma financial information is available upon request for qualified buyers.

This stunning Old World brick Victorian mansion has been thoughtfully transformed into 15 exceptional apartments while preserving the timeless character and architectural beauty that make it truly unforgettable.

Just 1 block from the Saratoga Race Course and 3 blocks from downtown, this property is a private oasis. A sprawling wraparound porch welcomes visitors. Meandering pathways wind through enchanting perennial gardens, private sitting areas, and a picturesque koi pond frequented by ducks. Residents enjoy raised garden beds for vegetables, herbs, and flowers, creating a rare sense of community and tranquility. Outdoor amenities include patios with pergolas, a rooftop deck, and a charming carriage house.

The apartments are every bit as impressive as the grounds. Each residence offers unique charm and character blended with tasteful updates. Spacious floor plans, classic architectural details, and pride of ownership are evident throughout. All 15 units are occupied by long-term tenants in excellent standing, providing stable income from day one.

With 35+ off-street parking spaces, residents enjoy a convenience rarely found downtown, while world-class dining, shopping, entertainment, and recreation remain just steps away.

Offering a rare combination of historic elegance, exceptional income, an irreplaceable location, and extraordinary future development potential, this is more than an investment property--it's one of Saratoga Springs' most remarkable real estate offerings.

Location

State NY

County Saratoga

Zoning Multi Residence

Direction Union Ave

Interior

Interior Features High Speed Internet, Paddle Fan, Walk-In Closet(s), Built-in Features, Ceramic Tile Bath, Crown Molding

Heating Baseboard, Electric, Forced Air, Hot Water, Natural Gas

Flooring Carpet, Ceramic Tile, Hardwood

Exterior

Exterior Feature Garden, Lighting

Parking Features Off Street, Paved, Private

Roof Type Asphalt

Porch Porch, Composite Deck, Deck, Patio

Building

Lot Description Level, Corner Lot, Garden, Landscaped

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Saratoga Springs

Others

Tax ID 411501 165.76-1-15

Special Listing Condition Standard


Nearby Locations

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Stefanie Waldron

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72 Union Avenue