Active

328 Milton Avenue

Ballston Spa, NY 12020

$715,000 $3,014/Mo

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Overview

Bed

Bath

4,506

Sqft

0.20

Acre(Lot)

Description

Rare 7-Unit investment gem in the heart of Ballston Spa. Discover a turnkey addition to your portfolio with this exceptional 7-unit multi-family property, perfectly positioned in the vibrant and historic village of Ballston Spa. Located within easy walking distance to local boutiques, popular eateries, and village festivals. The building features a high-demand unit mix consisting of five spacious 1-bedroom apartments and two 2-bedroom units, producing a strong immediate cash flow with a monthly gross income of $8,630. Rest easy knowing the heavy lifting has been completed through substantial renovations over the last several years. Major infrastructure upgrades include a full electrical system overhaul, extensive plumbing updates, a new Navien high-efficiency boiler, and a power-vented ho t water heater. The building's efficiency has been further enhanced with comprehensive insulation, air sealing, and a flat roof replacement. Beyond the mechanicals, the property shines with renovated apartments, a coin-op laundry room, and upgraded front porch. The exterior boasts excellent curb appeal with updated walkways, a charming patio, and off-street parking. A garage on-site provides additional flexibility for one-car parking or potential additional income for tenant storge. A complete list of renovations and financial documents are available for review. Please note that showing times are restricted to respect tenant privacy. Don't miss this rare opportunity to own a high-performing asset in one of Saratoga County's most desirable rental markets. Parking lot for 4 cars to the right of property, 2 more cars to the left. Priced to sell, serious investors only.

Property Details

Property Type : Residential Income

Price : $715,000

AD Id : 78063291

MLS Id : 202616647

Beds : 9

Lot Size : 0.20 Acre

Living Area Size : 4,506

Year Built : 1890

Garage : 1

County : Saratoga

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 9

Bathroom Information

Total Baths: 7 Full Baths: 7

Room Information

Has Basement: Yes Basement: Partial
Flooring Information

Vinyl, Hardwood, Laminate
Roofing Information

Rubber, Shingle, Asphalt
Interior Features

High Speed Internet Roof: Rubber, Shingle, Asphalt
Heating & Cooling

Has Heating: Yes Heating: Baseboard, Natural Gas

Building Information

Year Built: 1890 Construction Materials: Aluminum Siding Patio And Porch Features: Front Porch Private Pool: No View: Downtown
Exterior Features

Exterior Features: None

Lot Information

Lot Dimensions: 94.58 x 105 Main Square Feet: 0.2 Acres Lot Size Acres: 0.2 Lot Size Square Feet: 8712

Listing Price Information

Listing Price: $715000

Tax Information

Parcel Number: 414201 203.80-2-1 Tax Lot: 1.000 Tax Block: 2 Annual Tax: $12200

Parking Information

Parking Total: 6 Off Street, Garage

Garage Information

Has Garage: Yes Garage Space: 1

School Information

Elementary School:

Junior High School:

Senior High School: Ballston Spa
Utility Information

Sewer Connected
Location Information

Direction: Milton Avenue (Route 50) in the village of Ballston Spa directly across from Firehouse. WaterSource: Public Security Features: Carbon Monoxide Detector(s)

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
155 Church Avenue, Ballston Spa, NY, 12020	$489,999	7	6	2,400	2,400 SqFt
5 Limerick Lane, Ballston Spa, NY, 12020	$430,000	4	4	2,052	2,052 SqFt
2015-2017 St Paul Drive, Ballston Spa, NY, 12020	$399,900	5	4	2,420	2,420 SqFt

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ByOwner last updated this listing 06/16/2026 @ 17:34

MLS: 202616647 LISTED BY: Daniel Munn, High Rock Realty 518-691-0669 SOURCE: Global MLS