17-21 Granite Street, Saratoga Springs, NY 12866

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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 PropositionA 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.

17-21 Granite Street | MLS# 202614995

This multi-family property located at 17-21 Granite Street, Saratoga Springs, NY 12866 is currently listed for sale with an asking price of $1,795,000. 17-21 Granite Street is located within the Saratoga Springs school district. Search Saratoga Springs real estate on www.timberlandproperties.com today.

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Property Features

Property Type: Multi Unit - Multiple
Basement: Unfinished
Basement: Yes
Heating: Forced Air
Home Style: Traditional
Lot Size: 0.28 Acres
Taxes: $19,641
Year Built: 1880

Feature Descriptions

Days on Site: 3
Exterior: Vinyl Siding
Exterior: Other
Parcel #: 411501 165.43-1-31
Sewer: Public Sewer
SQFT Above Grade Finished: 5392
Water: Public

Local Schools

High School: Saratoga Springs
School District: Saratoga Springs

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Estimated Payment

$ 6,155.18 per month $3,994.89 Principal & Interest $1,636.75 Property Tax $523.54 Homeowner's Insurance

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Listed By / Shown By

Listing By

Agency Name: eXp Realty
Agency Phone: 1 888-276-0630

Shown By

Agency Title: Timberland Properties
Agency Phone: 845-586-3321

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