1047 Gillespie Street, Schenectady, NY 12308
- Added:
- May 13, 2026
- Days on Market:
- 53
- Last Refresh:
- Jul 4 at 5:06 am
Property Features for 1047 Gillespie Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 4, Bedroom 2, Bedroom 6, Bathroom 1, Bedroom 3, Bedroom 5, Bathroom 2
- Parking
- 4
- Parking features
- Garage, Off Street
- Patio and Porch features
- Porch
- Interior features
- Paddle Fan, Ceramic Tile Bath
- Basement
- Full, Sump Pump
- Standard status
- Pending
- APN
- 421500 39.74-1-51
- Size
- 2,254 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6855
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1920
- Number of units
- 2
- Flooring type
- Laminate, Hardwood
- Building materials
- Aluminum Siding, Wood Siding
- Roof type
- Rubber, Shingle
- Architectural style
- Other
Listing agent Elizabeth A Foley-VonDell License #10301216412 (518) 337-9916
Listing office Howard Hanna Capital Inc 20 Aviation Road, Clifton Park, NY (518) 489-1000
Listing date May 13, 2026
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Well‑maintained 1,047 Gillespie St duplex with 2 spacious 3‑bedroom units in a historic Union triangle neighborhood
- 2,254 SF duplex with hardwood and laminate flooring plus ceramic tile bathrooms
- Recent updates include a new rubber roof, brand new kitchens and baths in both units, and freshly painted rear porches
- Each unit includes covered front and rear porches, high ceilings, exposed brick, decorative fireplaces, and crown moldings
- Off‑street parking via a private driveway plus a two‑story oversized barn/garage for tenant storage or potential additional income
- Public water and public sewer; forced‑air natural gas heating; porch and garage parking
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.2k | $17.40 |
| − Vacancy | −$2.5k | −$1.13 |
| EGI | $36.7k | $16.27 |
| − OpEx | −$11.0k | −$4.88 |
| NOI | $25.7k | $11.39 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Schenectady
- County
- Schenectady
- State
- New York
- Longitude
- -73.927644
- Latitude
- 42.814305
