Investors & Builders Take Notice - Rare Multifamily & Development Opportunity. Exceptional opportunity to acquire a multifamily investment spanning over 21 acres, featuring 8 structures with significant upside. More than half of the property offers additional residential development potential. Ideally located just minutes from Brown's Beach, a short distance to I-87 Exit 12 and I-87 Exit 13, and in close proximity to a local Technology Park, providing strong appeal for workforce housing and potential for long-term growth. Situated within the Stillwater Central School District.SLZ-1 Zoning allows for a range of uses, including residential development (single-family and two-family homes), as well as commercial opportunities such as a restaurant or bed & breakfast with a Special Use Permit (SUP). This offering includes four separate deeds being sold as a package and must be purchased together. Addresses include: 184, 186, 188, 190 & 192 Didonna Lane, and 460 Cold Spring Road. At 460 Cold Spring Road, the first three trailers are owned by the seller, while the remaining 3 operate on land leases, offering a mix of income streams. Municipal water and sewer are available at the road Parcels SBL #'s 218.20-2-29 (7.48 Acres), 218.20-2-30 (.08 Acres), 230.-1-11 (21.20 Acres) and 230.1-83 (.02 Acres)
Multi-familyProperty Type
1970Year Built
21.3 acresLot Size
$631Price/Sq.Ft.
4 garage spacesParking
Listing by Charles Goodridge• Julie & Co Realty LLC
Luther Forest Technology Campus, located between Saratoga Lake and the Adirondack foothills, is a master-planned and research-oriented Malta neighborhood with pine-forest buffers and wide, campus-scale roadways. The character concentrates along Luther Forest Boulevard near the GlobalFoundries entrance, where security gates, shuttle traffic, and low-slung office buildings set a purposeful, industrial-modern tone. Architecture leans contemporary—glass, steel, and clean-lined facilities—set back behind landscaped berms and retention ponds. Side paths and wooded edges shape a quiet, outdoors-forward rhythm between workday peaks. For a local anchor beyond the campus, Saratoga Apple and the Saratoga Performing Arts Center add regional flavor nearby.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Carpet flooring
Hardwood flooring
Laminate flooring
Linoleum flooring
Basement: Other
Bedrooms
Twelve-unit multifamily: units include a mix of 2-, 3- and 5-bedroom units (unit breakdown: one 5-bed, several 2-bed units, and additional 2–3 bed units)
Bathrooms
13 total bathrooms (12 full, 1 half)
Most full and half baths located on the main/1st level
Kitchen
No specific kitchen appliance details provided
Laundry & utility
Tenants pay heat, electricity, and gas
Flooring
Carpet
Hardwood
Laminate
Linoleum
Heating & cooling
Electric heating available
Propane heating available
Property has heating
Exterior features
Asphalt roof
Road frontage with approximately 1,396 feet of main road frontage
Irregular lot
Large parcel of about 21.3 acres
Home design
Multi Family property
Parking
Detached or on-site parking for up to 15 vehicles
4 garage spaces
Off-street parking and driveway
Construction
Construction materials listed as Other
Utilities
100 Amp and 150 Amp electrical service with circuit breakers
Public sewer
Water source: Other
Financial info
Total units: 12
Tenants are responsible for heat, electricity, and gas
Electricity and solar
View estimated energy costs and solar savings for this home
Investors & Builders Take Notice - Rare Multifamily & Development Opportunity. Exceptional opportunity to acquire a multifamily investment spanning over 21 acres, featuring 8 structures with significant upside. More than half of the property offers additional residential development potential. Ideally located just minutes from Brown's Beach, a short distance to I-87 Exit 12 and I-87 Exit 13, and in close proximity to a local Technology Park, providing strong appeal for workforce housing and potential for long-term growth. Situated within the Stillwater Central School District.SLZ-1 Zoning allows for a range of uses, including residential development (single-family and two-family homes), as well as commercial opportunities such as a restaurant or bed & breakfast with a Special Use Permit (SUP). This offering includes four separate deeds being sold as a package and must be purchased together. Addresses include: 184, 186, 188, 190 & 192 Didonna Lane, and 460 Cold Spring Road. At 460 Cold Spring Road, the first three trailers are owned by the seller, while the remaining 3 operate on land leases, offering a mix of income streams. Municipal water and sewer are available at the road Parcels SBL #'s 218.20-2-29 (7.48 Acres), 218.20-2-30 (.08 Acres), 230.-1-11 (21.20 Acres) and 230.1-83 (.02 Acres)
Global MLS #202613597
Oct 15, 2026
Price Changed
$2,990,000
$631/sq ft
Sep 3, 2026
Price Changed
$3,250,000
$686/sq ft
May 18, 2026
Price Changed
$3,500,000
$739/sq ft
Mar 19, 2026
Listed
$3,750,000
$791/sq ft
As the MLS and public records start to fill up, we'll list the details here.
Public record
Beds
—
Baths
—
Stories
—
Lot width
1 ft.
Lot depth
—
Lot size
—
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Multi-Family (5+ Unit)
County
Saratoga County
APN
415289 230.-1-11
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Mar 19, 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 96° expected this year, 16 days in 30 years
3/10 Wind Factor
5% chance of strong winds in next 30 years
2/10 Air Factor
0 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Saratoga Springs, NY • 12866
Average low and high temperatures (°F)
30
15
33
15
50
29
61
39
68
50
81
59
86
65
82
59
77
53
64
42
49
33
34
20
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
82/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.6 hrs
4.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 460 Cold Spring Rd
There isn’t enough information to generate an accurate estimate at this time. Learn More