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.
Active
$825,000
50-52 Gates Avenue, Victory Mills, NY 12884
17beds
11,300sqft
Multi Family, Apartment
Built in 1940
-- sqft lot
$788,200 Zestimate®
$73/sqft
$-- HOA
What's special
Residential unitsFish creekAdjacent buildingsVacant commercial storefrontCoin-operated laundryVacant lot
- 12 days
- on Zillow |
- 238 |
- 12 |
Zillow last checked: 7 hours ago
Listing updated: April 17, 2025 at 09:50am
Listing by:
Just In New York Real Estate 518-424-9064,
Justin M Grassi 518-424-9064
Source: Global MLS,MLS#: 202515254

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 17
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Baseboard, Propane
Cooling
- None
Features
- Basement: Exterior Entry,Sump Pump,Unfinished
Interior area
- Total structure area: 11,300
- Total interior livable area: 11,300 sqft
- Finished area above ground: 11,300
- Finished area below ground: 0
Property
Parking
- Total spaces: 16
Features
- Patio & porch: Porch
- Exterior features: None
Lot
- Size: 0.74 Acres
Details
- Parcel number: 415003 170.03214
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
- Attached to another structure: Yes
Materials
- Brick, Vinyl Siding
- Roof: Shingle,Asphalt
Condition
- Year built: 1940
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & HOA
HOA
- Has HOA: No
Location
- Region: Victory Mills
Financial & listing details
- Price per square foot: $73/sqft
- Tax assessed value: $209,700
- Annual tax amount: $7,918
- Date on market: 4/14/2025
- Tenant pays: Heat, Electricity, Gas
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