328 Milton Ave
Listing Notes
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 hot 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.
Price in context
Cheaper than 12% of the 24 homes listed nearby right now, which run $425,000 to $884,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 31-33 Glen St | $425,000 | 6 bd · 4 ba |
| 79 W High St | $425,000 | 9 bd · 4 ba |
| 568 Victory Cir | $429,000 | 3 bd · 2 ba |
| 57 Cornerstone Dr | $439,900 | 3 bd · 2 ba |
| 76 Skylark Dr | $449,900 | 3 bd · 3 ba |
| 6 Euclid Ave | $509,000 | 3 bd · 3 ba |
| 80 W High St | $535,000 | 4 bd · 3 ba |
| 10 Hunter Ct | $566,895 | 3 bd · 3 ba |
| 8 Hunter Ct | $566,895 | 3 bd · 3 ba |
| 6 Hunter Ct | $566,895 | 3 bd · 3 ba |
| 2 Jennifer Ln | $589,000 | 3 bd · 3 ba |
| 19 Hunter Ct | $598,395 | 3 bd · 3 ba |
| 5 Hunter Ct | $598,395 | 3 bd · 3 ba |
| 99 W High St | $629,000 | 3 bd · 3 ba |
| 4 Hunter Ct | $636,195 | 3 bd · 3 ba |
| 11 Hunter Ct | $636,195 | 3 bd · 3 ba |
| 24 Hunter Ct | $640,395 | 3 bd · 2 ba |
| 22 Hunter Ct | $640,395 | 3 bd · 2 ba |
| 101 W High St | $649,000 | 3 bd · 3 ba |
| 3 Hunter Ct | $656,145 | 4 bd · 3 ba |
| 20 Berkshire Dr | $675,000 | 4 bd · 3 ba |
| 1 Jennifer Ln | $719,000 | 3 bd · 3 ba |
| 22 Kenzie Ct | $725,750 | 4 bd · 3 ba |
| 154 Milton Ave | $884,000 | 10 bd · 6 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more