$825,000

50-52 Gates Ave Schuylerville, NY 12871

Saratoga Neighborhood

Estimated payment $5,008/month

Total Views 25,533
17 Beds
8 Baths
11,300 Sq Ft
$73 Price per Sq Ft

Highlights

  • No HOA
  • Porch
  • Baseboard Heating
  • Schuylerville Elementary School Rated A-
  • Bathroom on Main Level

About This Home

Investors & Developers Take Note! This rare multifamily opportunity offers 8 fully occupied residential units across two adjacent buildings along Fish Creek (50 Gates Ave: four residential units and a vacant commercial storefront and 52 Gates Ave: Four additional units and a coin-operated laundry for tenants) plus a vacant lot offering parking and future development opportunities. Located just a short drive from Saratoga Springs and GlobalFoundries, this investment is perfectly positioned in one of Saratoga County's most promising areas with an increasing demand for rentals. With a gross annual income of $110,400 this is a strong cash-flowing asset with long-term potential. Don't miss this chance to own a high-yield, mixed-use portfolio in Victory Mills, a hidden gem in Saratoga County.

Listing Agent

Justin Grassi

Just In New York Real Estate LLC License #10491210106 Listed on: 04/14/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,918

Year Built

  • Built in 1940

Home Design

  • 11,300 Sq Ft Home
  • Brick Exterior Construction
  • Shingle Roof
  • Vinyl Siding
  • Asphalt

Bedrooms and Bathrooms

  • 17 Bedrooms
  • Bathroom on Main Level
  • 8 Full Bathrooms

Unfinished Basement

  • Exterior Basement Entry
  • Sump Pump

Parking

  • 16 Parking Spaces
  • Open Parking

Schools

  • Schuylerville Elementary School
  • Schuylerville High School

Utilities

  • No Cooling
  • Heating System Uses Propane
  • Baseboard Heating
  • Cable TV Available

Additional Features

  • Porch
  • 0.74 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 415003 170.03-2-14

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Building Details

  • Insurance Expense $4,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,918

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: Multi Family
  • Electric Expense: 2400.0
  • Year Built: 1940
  • Directions: From Degarmo Rd, Turn left onto NY-32 N, Destination will be on the right
  • Above Grade Finished Sq Ft: 11300.0
  • Architectural Style: Apartment 4 Plus Unit
  • Financial Details Tax Assessed Value: 209700.0
  • Lot Size Acres: 0.74
  • Parking Features Parking Total: 16.0
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number of Separate Water Meters: 8
  • Electric Expense Description: Estimated
  • Insurance Expense Description: Estimated
  • Income And Expenses Maintenance Expense: 4000.0
  • Water Sewer Expense Description: Estimated
  • Income And Expenses Miscellaneous Expense: 15364.0
  • Miscellaneous Expense Description: Estimated
  • Rental Income: 110400.0
  • Rental Income Description: Estimated
  • Income: 110400.0
  • Income Description: Estimated
  • Special Features: None

Interior Features

  • Basement: Exterior Entry, Sump Pump, Unfinished
  • Full Bathrooms: 8
  • Total Bedrooms: 17
  • Living Area: 11300.0
  • Bathroom Levels Full Bathroom 1: 1st
  • Bathroom Levels Full Bathroom 2: 1st
  • Bathroom Levels Full Bathroom 3: 2nd
  • Bathroom Levels Full Bathroom 4: 2nd
  • Bathroom Levels Full Bathroom 5: 1st
  • Bathroom Levels Full Bathroom 6: 2nd
  • Bathroom Levels Full Bathroom 7: 3rd
  • Bathroom Levels Full Bathroom 8: 3rd
  • Basement:Sump Pump: Yes
  • Basement:Exterior Entry: Yes
  • Basement:Unfinished: Yes

Exterior Features

  • Exterior Features: None
  • Roof: Shingle, Asphalt
  • Construction Type: Brick, Vinyl Siding
  • Patio And Porch Features: Porch
  • Waterfront: No
  • Construction Materials:Vinyl Siding: Yes
  • Patio And Porch Features:Porch: Yes
  • Exterior Features:None37: Yes
  • Construction Materials:Brick: Yes

Garage/Parking

  • Open Parking: Yes
  • Total Parking Spaces: 16.0
  • Property Detail:Parking YN: Yes

Utilities

  • Utilities: Cable Available
  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Baseboard, Propane
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Baseboard: Yes
  • Heating:Propane: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Parcel Tax HOA:Association YN: No

Fee Information

  • Annual Water Sewer Expense: 8157.0

Schools

  • Junior High Dist: Schuylerville

Lot Info

  • Parcel #: 415003 170.03-2-14
  • Lot Size Sq Ft: 32234.4
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Heat, Electricity, Gas

Multi Family

  • Insurance Expense: 4000.0
  • Number Of Units Total: 8
  • Maintenance Expense: 4000.0

Tax Info

  • Tax Annual Amount: 7918.0

MLS Schools

  • Elementary School: Schuylerville
  • HighSchool: Schuylerville

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/14/2025 04/14/25 For Sale $825,000 -- $73 / Sq Ft
Source: Global MLS

Source: Global MLS

MLS Number: 202515254

Global MLS
New York Saratoga County Schuylerville 12871 Saratoga

50-52 Gates Ave, Schuylerville, NY

For Sale

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Listing Agent
Justin Grassi
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Just In New York Real Estate LLC
(518) 809-8586