Turnkey Two-Family Investment Opportunity Just Minutes from Saratoga! Rare opportunity to own a one-of-a-kind, income-producing two-family property in highly desirable Gansevoort, conveniently located just 15 minutes from Saratoga Springs and minutes from Exit 16 of the Northway. Many recent updates make this property an attractive investment. Each spacious unit offers 3 bedrooms, 1½ bathrooms, a large kitchen with dining area, laundry, a covered porch and abundant storage. Outside, enjoy plenty of off-street parking, a patio with fire pit, and a generous yard--perfect for relaxing or entertaining. Currently generating approximately $36k per year in rental income, this property provides an excellent opportunity for immediate cash flow with potential for additional income and appreciation. The property's prime location also creates exciting potential for seasonal, short-term, or vacation rentals, offering investors additional flexibility and ways to maximize rental income. Whether you're looking to expand your rental portfolio or seeking a property with strong income potential and multiple rental possibilities, this is a must-see investment opportunity.
Rare opportunity to own a one-of-a-kind investment property in Wilton! This beautiful two-family is located only 15 minutes from Saratoga Springs and right down the road from exit 16 on the Northway. Each unit has 3 bedrooms, 1 and 1/2 bathrooms, large updated kitchen, dining area, 1st floor laundry and covered porch area. Plenty of parking, a good size yard, and hooked up to public sewer. Brings in great income with the potential for more. 8% cap rate!Seasonal or vacation rental potential, as well. The income possibilities are endless! Great location! This is a must see! MOTIVATED SELLER!
Global MLS #202019627
Sep 16, 2020
Sold
$262,500
$105/sq ft
Jul 6, 2020
Pending
—
Jun 8, 2020
Listed
$269,000
$107/sq ft
+9
Attention Investors! Victorian charm mixed with modern updates throughout. Hardwood floors, updated kitchens, first floor laundry and private porches. Both units currently rented. Easy drive to Northway for commute north or south. Possible owner occupy one unit, income producing tenant in the other unit. Mirror image units each have 3 bedrooms, kitchen, dining area, living room, one full-bath and one half-bath. Porches on each unit. Level lot with off-street parking for 6 cars.
Global MLS #121073
Oct 4, 2013
Sold
$248,000
$99/sq ft
Jul 15, 2013
Listing Removed
—
Apr 17, 2013
Listed
$269,970
$108/sq ft
Global MLS #201131261
Oct 4, 2013
Sold
$248,000
$99/sq ft
Jul 15, 2013
Listing Removed
—
Nov 14, 2011
Listed
$269,970
$108/sq ft
Global MLS #75907
Feb 24, 2002
Sold
$40,657
$16/sq ft
Nov 8, 2001
Listed
$46,000
$18/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$4,966 (+2.6%)
$24,200 + $184,800
$209,000
2024
$4,838 (−1.3%)
$24,200 + $184,800
$209,000
2023
$4,904 (+341.8%)
$24,200 + $184,800
$209,000
2022
$1,110 (−75.9%)
$24,200 + $184,800
$209,000
2021
$4,616 (+2.7%)
$24,200 + $184,800
$209,000
2020
$4,495 (−5.3%)
$24,200 + $184,800
$209,000
2019
$4,745 (+13.2%)
$24,200 + $184,800
$209,000
2018
$4,193 (+1.1%)
$24,200 + $184,800
$209,000
2017
$4,146 (+4.8%)
$24,200 + $184,800
$209,000
2016
$3,957 (+0.6%)
$24,200 + $184,800
$209,000
2015
$3,932 (−3.9%)
$24,200 + $184,800
$209,000
2014
$4,090
$24,200 + $184,800
$209,000
Public record
Beds
6
Baths
2
Stories
2
Lot width
70 ft.
Lot depth
—
Lot size
9,583 Sq. Ft.
Year renovated
1985
Finished Sq. Ft.
2,504
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,504
Year built
1880
Style
Multi-Family (2-4 Unit)
County
Saratoga County
APN
415600A11400700020290000000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 12, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 97° expected this year, 16 days in 30 years
2/10 Wind Factor
4% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Gansevoort, NY • 12831
Average low and high temperatures (°F)
29
14
32
14
48
28
60
38
68
48
80
58
85
63
82
58
76
52
63
41
48
32
33
19
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
92/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Gansevoort. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.7 hrs
5.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 38 Northern Pines Rd
$386,043
$8,957 under list price of $395K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $406K to $820K.