Two-Family Victorian Duplex with
1056 Wendell Avenue Schenectady, NY 12308
1056 Wendell Avenue, Schenectady, NY, 12308
$325,000
For Sale
$325,000
MULTI_FAMILY - Other - Schenectady, NY
Property Size2,139 SF
Lot Size0.10 Acres
Price / SF$151.94
Days on Market8
Property Features for 1056 Wendell Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bedroom 1, Bathroom 3, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 2
- Parking
- 2
- Parking features
- Driveway, Off Street
- Patio and Porch features
- Porch, Deck
- Interior features
- Paddle Fan, High Speed Internet, Walk-In Closet(s), Built-in Features, Ceramic Tile Bath, Chair Rail, Crown Molding
- Basement
- Full, Walk-Out Access, Exterior Entry, Interior Entry
- Standard status
- Active
- APN
- 421500 39.75-2-52
- Size
- 2,139 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8054
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating), Natural Gas, Baseboard, Radiant
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1896
- Number of units
- 2
- Flooring type
- Laminate, Hardwood, Vinyl, Tile - Ceramic
- Building materials
- Wood Siding
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
Listing Agency
KW Platform
(518) 724-5800
935 New Loudon Rd, Latham, NY
Listed by
Patrick Dunn · License #10401288889
(518) 407-9834
Added: Jul 10 Checked: Jul 17 at 6:06 pm
MLS# 202621568
Listing URL
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.
Investment Insights
Based on property information with market context.
This Victorian-style two-family duplex is an up-and-down layout spanning three levels. The home features original woodwork and craftsmanship, with recent updates including newer plumbing, updated electrical, and renovated bathrooms. Each unit includes its own washer and dryer, along with separate utilities. There is also plenty of storage throughout and a walkout basement. The second floor offers a large deck overlooking the backyard.
The property is located in Schenectady’s GE Plot, just steps from Union Street and within walking distance to Union College, parks, restaurants, shopping, and Ellis Hospital.
As a two-unit residential income property, it offers flexibility for an owner-occupied setup or investment use, with each unit separately metered and equipped with laundry.
The property is located in Schenectady’s GE Plot, just steps from Union Street and within walking distance to Union College, parks, restaurants, shopping, and Ellis Hospital.
As a two-unit residential income property, it offers flexibility for an owner-occupied setup or investment use, with each unit separately metered and equipped with laundry.
Key Highlights
- Victorian‑style two‑family home built in 1896 in Schenectady’s GE Plot area
- Up‑and‑down duplex with three levels and multiple bedrooms and baths (Bedroom 1–4; Bathroom 1–3)
- Each unit has its own washer and dryer plus separate utilities
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 | $37.2k | $17.40 |
| − Vacancy | −$2.4k | −$1.13 |
| EGI | $34.8k | $16.27 |
| − OpEx | −$10.4k | −$4.88 |
| NOI | $24.4k | $11.39 |
2,139 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$348.0K
$304.5K – $406.0K
NOI $24,360 @ 7.0% cap · market cap 7.50%
Second Best
Apartment 5plus
$312.1K
$273.1K – $364.2K
NOI $21,849 @ 7.0% cap · market cap 6.72%
Theoretical Best
Office A
$640.2K
$560.2K – $746.9K
NOI $44,816 @ 7.0% cap · market cap 13.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Up-and-down two-family spans three levels with renovated bathrooms, updated electrical and plumbing, and in-unit washer/dryer.
Where is this duplex located?
The property is located at 1056 Wendell Avenue Schenectady, NY.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Victorian‑style two‑family home built in 1896 in Schenectady’s GE Plot area; Up‑and‑down duplex with three levels and multiple bedrooms and baths (Bedroom 1–4; Bathroom 1–3); Each unit has its own washer and dryer plus separate utilities
