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72 Union Avenue

Saratoga Springs, NY 12866
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Bed 22

Bed

Bath 22

Bath

SqFt16,562

Sqft

Acres1.01

Acre(Lot)

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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $6,500,000

AD Id : 80069788

MLS Id : 202618874

Beds : 22

Lot Size : 1.01 Acre

Living Area Size : 16,562

Year Built : 1930

County : Saratoga

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Feature Features

  • Bedroom Information

    Total beds: 22

    Bathroom Information

    Total Baths: 22 Full Baths: 20 Half Baths: 2

    Room Information

    Has Basement: Yes Basement: Full
  • Flooring Information

    Carpet, Ceramic Tile, Hardwood
  • Roofing Information

    Asphalt
  • Interior Features

    High Speed Internet, Walk-In Closet(s), Built-in Features, Crown Molding Roof: Asphalt
  • Heating & Cooling

    Has Heating: Yes Heating: Baseboard, Electric, Forced Air, Hot Water, Natural Gas

  • Building Information

    Year Built: 1930 Construction Materials: Brick Patio And Porch Features: Wrap Around, Side Porch, Deck, Front Porch, Patio Private Pool: No
  • Exterior Features

    Exterior Features: Garden

  • Lot Information

    Main Square Feet: 1.01 Acres Lot Size Acres: 1.01 Lot Size Square Feet: 43995.6 Lot Description: Level, Landscaped, Corner Lot, Garden

  • Listing Price Information

    Listing Price: $6500000

  • Tax Information

    Parcel Number: 411501 165.76-1-15 Tax Lot: 15.000 Tax Block: 1 Annual Tax: $44431.2

  • Parking Information

    Parking Total: 35 Off Street, Paved

  • School Information

    Elementary School:
    Junior High School:
    Senior High School: Saratoga Springs
  • Utility Information

    Sewer Connected
  • Location Information

    Direction: Union Ave WaterSource: Public
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Nearby Home Value

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17 Granger Avenue, Saratoga Springs, NY, 12866 $699,000 4 2 1,940 1,940 SqFt
111-113 East Avenue, Saratoga Springs, NY, 12866 $948,000 6 4 2,992 2,992 SqFt
103-105 East Avenue, Saratoga Springs, NY, 12866 $1,195,000 6 6 4,164 4,164 SqFt
48 Lincoln Avenue, Saratoga Springs, NY, 12866 $780,000 -- 1 2,156 2,156 SqFt
119 Church Street, Saratoga Springs, NY, 12866 $859,000 5 3 2,842 2,842 SqFt
154 Washington Street, Saratoga Springs, NY, 12866 $775,000 5 3 2,600 2,600 SqFt
1057 Nys Route 9n, Saratoga Springs, NY, 12866 $265,000 6 4 2,336 2,336 SqFt

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ByOwner last updated this listing 06/22/2026 @ 22:09

MLS: 202618874 LISTED BY: Lynda Macdonald, Coldwell Banker Prime Properties 518-587-3400 SOURCE: Global MLS

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