Well-Maintained Two-Family
1066-1068 Hegeman Street, Schenectady, NY 12306
- Added:
- Apr 29, 2026
- Days on Market:
- 36
- Last Refresh:
- Jun 3 at 3:06 am
Property Features for 1066-1068 Hegeman Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 1, 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
- 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), Natural Gas, Baseboard
- Water source
- Public
Building Details
- Year built
- 1900
- Number of units
- 2
- Flooring type
- Linoleum, Carpet, Vinyl
- Building materials
- Vinyl Siding
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Jennifer Mentiply License #10491212080 (518) 369-4545
Listing office Renovo Real Estate 1490 Saratoga Rd Ste 5, Ballston Spa, NY (518) 288-3349
Listing date Apr 29, 2026
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.
HighLights
- Two‑family home: Ideal for owner‑occupancy to offset expenses or investment for rental income.
- Separate utilities for each unit.
- Updated features: Newer flooring, updated bathrooms, fresh paint, vinyl windows, and relatively new (6‑year‑old) furnace and hot water heater.
- Each unit has 2 bedrooms and 1 full bath.
- Upper unit has walk‑up attic with potential for additional finished space.
- Laundry hookups in basement for both units.
Overview
This well-maintained two-family home presents an opportunity for owner-occupancy or investment. Each unit features 2 bedrooms and 1 full bath, along with separate utilities. Numerous updates enhance the property, including newer flooring, updated bathrooms, fresh paint, and vinyl windows. A 6-year-old furnace and hot water heater provide efficient climate control. The upper unit benefits from access to a walk-up attic, offering the potential for additional finished space. Both units include laundry hookups located in the basement. Residents can enjoy relaxing on the charming front porches or entertaining in the private backyard. The property is located in Schenectady, NY. The lot size is 0.13 acres, and the property size is 1660 square feet. The home is ideal for owner-occupants looking to offset expenses or investors seeking strong rental potential. It is conveniently located with plenty of upside.
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 7.57%
Second Best
Apartment 5plus
$242.2K
$212.0K – $282.6K
NOI $16,957 @ 7.0% cap · market cap 6.79%
Theoretical Best
Office A
$496.9K
$434.8K – $579.7K
NOI $34,780 @ 7.0% cap · market cap 13.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Schenectady
- County
- Schenectady
- State
- New York
- Longitude
- -73.963407
- Latitude
- 42.792819
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two-family home with updates, investment potential, and convenient location.
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 $249,900.
What are key features of this property?
This property features: Two‑family home: **Ideal for owner‑occupancy** to offset expenses or investment for rental income.; Separate utilities for each unit.; **Updated features:** Newer flooring, updated bathrooms, fresh paint, vinyl windows, and relatively new (6‑year‑old) furnace and hot water heater.
