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Active Under Contract

381 Milton Avenue

Ballston Spa, NY 12020

$280K
5 BD · 2 BA · 1,848 sf · 0.24 ac · Built 1878
The residence

Beautiful Ballston Spa two-family home where you can have a large private backyard but also just a short walk to the Village! This spacious two-family home offers the perfect combination of location, flexibility, and income potential, all set on a beautiful 1/4-acre lot with a huge yard and additional street entrance from the back of the home on Klondike St. Imagine living within a short walk to the charming Village of Ballston Spa, you'll be close to shops, restaurants, parks, and everything the village has to offer. Both apartments are in very good condition, featuring spacious living areas, newer flooring, fresh paint, updated bathrooms, and newer appliances. The roof and deck are about 8 years old. The first-floor unit offers laundry hookups, and each apartment has separate utilities. Outside the property has an amazing backyard and spacious shed offering plenty of room for storage, recreation, gardening, or simply enjoying the outdoors. There is also excellent potential for expansion providing an opportunity to make even more of this already generous property. First floor unit is vacant making it desirable for owner occupied and second floor unit is rented month to month. Live basically rent free while occupying the first floor unit and collecting rental income immediately making this property a very attractive investment opportunity with low taxes too! A wonderful opportunity in highly desirable Ballston Spa, where multi-family properties offering this generous lot size and potential for expansion are rarely available on the market.

At a glance
Property type
Status
Active Under Contract
Year built
1878
Lot size
0.24 acres
Living area
1,848 sf
MLS#
12011128
Beds · Baths
5 · 2
Location

Ballston Spa, NY.

Ballston Spa, New York, is a market our advisors follow closely — its streets, housing stock and setting each shape what a residence here is worth and how it lives day to day. We are glad to walk you through the locale in detail, and how this particular address sits within it.

Estimated Monthly Payment+
$1K/mo
Approximate · principal & interest only
Display Currency
$280K

Indicative conversion — settlement always in USD.

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Listing courtesy of Miranda Real Estate Group Inc · NYSMLS

My State MLS / New York State MLS.Listing data is provided by My State MLS / New York State MLS for the personal, non-commercial use of consumers, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or leasing. Information is deemed reliable but is not guaranteed accurate and should be independently verified.

Listings updated Oct 18, 2026

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