$825,000

50-52 Gates Ave Schuylerville, NY 12871

Saratoga Neighborhood

Estimated payment $5,256/month

Total Views 9,341
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 Change Sq Ft Price
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

This home is located at 50-52 Gates Ave, Schuylerville, NY 12871 and is currently priced at $825,000, approximately $73 per square foot. This property was built in 1940. 50-52 Gates Ave is a home located in Saratoga County with nearby schools including Schuylerville Elementary School, Schuylerville Middle School, and Schuylerville Junior Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Global MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.



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