Two-Family Duplex with Updated
1066-1068 Hegeman Street Schenectady, NY 12306
1066-1068 Hegeman Street, Schenectady, NY, 12306
$239,900
Pending
For Sale
$239,900
Pending
MULTI_FAMILY - Other - Schenectady, NY
Property Size1,660 SF
Lot Size0.13 Acres
Days on Market81
Property Features for 1066-1068 Hegeman Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 2
- Parking
- 1
- Parking features
- Driveway
- Window features
- Double Pane Windows
- Patio and Porch features
- Porch
- Interior features
- Paddle Fan, High Speed Internet
- Basement
- Full
- 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
- Natural Gas, Hot Water(Heating), Baseboard
- Water source
- Public
Building Details
- Year built
- 1900
- Number of units
- 2
- Flooring type
- Carpet, Vinyl, Linoleum
- Building materials
- Vinyl Siding
- Roof type
- Asphalt
- Architectural style
- Other
Listing Agency
Renovo Real Estate
(518) 288-3349
1490 Saratoga Rd Ste 5, Ballston Spa, NY
Listed by
Jennifer Mentiply · License #10491212080
(518) 369-4545
Added: Apr 29 Checked: Jul 18 at 5:06 am
MLS# 202616059
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 well-maintained two-family duplex offers two separate units, with each featuring two bedrooms and one full bath. The homes have been updated with newer flooring, updated bathrooms, fresh paint, and vinyl windows, and the property has a furnace and hot water heater reported as about six years old. Each unit includes its own laundry hookups in the basement, supporting independent daily use. The upper unit provides access to a walk-up attic, which may offer room for additional finished space. Outdoor space includes a front porch for each unit and a private backyard for shared enjoyment.
Located in Schenectady, this property is addressed at 1066-1068 Hegeman Street. Lot size is listed at 0.13 acres, with a total building size of 1,660 square feet.
The layout is well suited to an owner-occupant who wants separate utilities and dedicated unit space, or to an investor seeking a straightforward two-unit configuration. With separate utilities, multiple recent interior improvements, and laundry hookups for both units, the property is positioned for convenient occupancy and manageable maintenance. The walk-up attic access in the upper unit can be an additional consideration for buyers exploring expansion within the existing structure.
Located in Schenectady, this property is addressed at 1066-1068 Hegeman Street. Lot size is listed at 0.13 acres, with a total building size of 1,660 square feet.
The layout is well suited to an owner-occupant who wants separate utilities and dedicated unit space, or to an investor seeking a straightforward two-unit configuration. With separate utilities, multiple recent interior improvements, and laundry hookups for both units, the property is positioned for convenient occupancy and manageable maintenance. The walk-up attic access in the upper unit can be an additional consideration for buyers exploring expansion within the existing structure.
Key Highlights
- Two‑family home built in 1900 with separate utilities for each unit
- Both units feature 2 bedrooms and 1 full bath, with basement laundry hookups for each unit
- Numerous updates including newer flooring, updated bathrooms, and fresh paint
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 | $28.9k | $17.40 |
| − Vacancy | −$1.9k | −$1.13 |
| EGI | $27.0k | $16.27 |
| − OpEx | −$8.1k | −$4.88 |
| NOI | $18.9k | $11.39 |
1,660 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Well-maintained two-family home with separate utilities, updated interiors, and an attic walk-up for possible expansion.
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 home built in 1900 with separate utilities for each unit; Both units feature 2 bedrooms and 1 full bath, with basement laundry hookups for each unit; Numerous updates including newer flooring, updated bathrooms, and fresh paint
