Updated Two-Family
For Sale
$239,900
Pending
1066-1068 Hegeman Street, Schenectady, NY 12306
MultiFamily, Schenectady, NY
Property Size1,660 SF
Lot Size0.13 Acres
Days on Market127
Property Features for 1066-1068 Hegeman Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 4, Bathroom 1
Parking
1
Parking features
Driveway
Window features
Double Pane Windows
Patio and Porch features
Porch
Interior features
Paddle Fan, High Speed Internet
Basement
Full
Lot features
Cleared
High school
Schenectady
Elementary school district
Schenectady
Middle school district
Schenectady
High school district
Schenectady
Directions
Guilderland Ave to Hegeman St on right
Standard status
Pending
APN
421500 48.76-1-54.1
Size
1,660 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
5519
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Baseboard, Natural Gas
Water source
Public
Amenities
front porches
private backyard
laundry hookups
Building Details
Year built
1900
Number of units
2
Flooring type
Vinyl, Linoleum, Carpet
Building materials
Vinyl Siding
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Renovo Real Estate LLC
(518) 288-3349
Listed By:
Jennifer Mentiply · License #10491212080
(518) 369-4545
Added: Apr 29
Changed: Sep 2
Last Checked: Sep 2 at 6:06PM
MLS# 202616059
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 two-family duplex contains 1,660 square feet with two residential units, each offering two bedrooms and one full bathroom. Separate utilities serve the units. Recent property work includes refreshed flooring, bathroom improvements, interior painting, vinyl windows, and a furnace and hot water heater that are six years old. The upper residence connects to a walk-up attic, while laundry hookups are provided in the basement. Natural-gas hot-water baseboard heating, vinyl siding, an asphalt roof, public water, and public sewer are also in place.
Located at 1066-1068 Hegeman Street in Schenectady, the property occupies a 0.13-acre lot. Exterior features include front porches, a private backyard, and a driveway for parking.
Located at 1066-1068 Hegeman Street in Schenectady, the property occupies a 0.13-acre lot. Exterior features include front porches, a private backyard, and a driveway for parking.
Key Highlights
- Two‑family duplex with 1,660 square feet
- Each unit includes 2 bedrooms and 1 full bathroom
- Separate utilities serve the two units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,905
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$378,100
$378.1K
Cap Rate 7%
$270,071
$270.1K
Cap Rate 9%
$210,056
$210.1K
Market Conditions
NOI Build-Up for 1,660 SF
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.
Gross rent
$28.9K $17.40/SF
− Vacancy
−$1.9K −$1.13/SF
EGI
$27.0K $16.27/SF
− OpEx
−$8.1K −$4.88/SF
NOI
$18.9K $11.39/SF
Area
Schenectady County, NY
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$378,100
Cap Rate 7%
$270,071
Cap Rate 9%
$210,056
Alternative Uses
Best Use
Multifamily LT 5
$270.1K
$236.3K – $315.1K
NOI $18,905 @ 7.0% cap · market cap 7.88%
Second Best
Apartment 5plus
$242.2K
$212.0K – $282.6K
NOI $16,957 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$496.9K
$434.8K – $579.7K
NOI $34,780 @ 7.0% cap · market cap 14.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
470
Businesses Nearby
Explore this area
Business Placement
Demographics for 12306, NY
26,935
Population
12,481
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
94%
High-School Grad
43.9 sq mi
ZIP Area
614
Density / Sq Mi
$80,583
Median Household Income
$46,702
Median Earnings
$1,221
Median Rent
$212,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature separate utilities and access to basement laundry hookups.
Where is this duplex located?
The property is located at 1066-1068 Hegeman Street Schenectady, NY.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Two‑family duplex with 1,660 square feet; Each unit includes 2 bedrooms and 1 full bathroom; Separate utilities serve the two units
