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    Schenectady Multifamily Property For Sale Title is generated by Realmo AI

    117 Henry Street, Schenectady, NY 12304

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    For Sale
    $225,000

    MULTI_FAMILY - Schenectady, NY

    Property size:
    1,600 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $140/SF
    Added:
    May 12, 2026
    Days on Market:
    30
    Last Refresh:
    Jun 10 at 3:06 pm

    Property Features for 117 Henry Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Multi Residence
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 4, Bedroom 2
    Patio and Porch features
    Porch
    Fireplace
    1
    Basement
    Full
    Standard status
    Active
    APN
    421500 49.75-3-11
    Size
    1,600 SF
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Tax Annual Amount
    5097

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1925
    Number of units
    2
    Flooring type
    Hardwood, Vinyl, Tile, Carpet
    Building materials
    Vinyl Siding
    Roof type
    Shingle, Asphalt

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    Listing Contact
    Carol Casale

    Listing agent Carol Casale License #10401371410

    Listing office The Property Shop 322 Ballston Road, Latham, NY

    Listing date May 12, 2026

    MLS# 202616952 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‑unit layout: first‑floor 3‑bedroom, 1‑bath with formal dining, living room, fireplace, and kitchen
    • Second‑floor unit features a separate entrance with 1 bedroom, 1 full bathroom, large living space, and eat‑in kitchen
    • Year built: 1925
    • Forced air heating; public water and public sewer
    • Vinyl siding exterior with asphalt shingle roof
    • Sold as‑is

    Overview

    This multifamily property in Schenectady, New York, is suitable for investors or owner-occupiers. The first-floor unit features three bedrooms, a formal dining room, a living room with a fireplace, a kitchen, and one bathroom. The second-floor unit, accessible via a separate entrance, includes one bedroom, one full bathroom, a large living space, and an eat-in kitchen. The property is being sold 'as is'. The lot size is 0.14 acres, and the property size is 1600 square feet. The zoning is Multi Residence.

    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 $27.8k $17.40
    − Vacancy −$1.8k −$1.13
    EGI $26.0k $16.27
    − OpEx −$7.8k −$4.88
    NOI $18.2k $11.39
    1,600 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $260.3K
    $227.8K – $303.7K (±1% cap)
    NOI $18,221 @ 7.0% cap · market cap 8.10%
    Second Best
    Apartment 5plus
    $233.5K
    $204.3K – $272.4K (±1% cap)
    NOI $16,344 @ 7.0% cap · market cap 7.26%
    Theoretical Best
    Office A
    $478.9K
    $419.0K – $558.7K (±1% cap)
    NOI $33,523 @ 7.0% cap · market cap 14.90%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Schenectady
    County
    Schenectady
    State
    New York
    Longitude
    -73.921573
    Latitude
    42.79163

    FAQs

    What type of property is this?
    Duplex - Multifamily property in Schenectady, suitable for investors or owner-occupiers.
    Where is this duplex located?
    The property is located at 117 Henry Street Schenectady, NY.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: Two‑unit layout: first‑floor 3‑bedroom, 1‑bath with formal dining, living room, fireplace, and kitchen; Second‑floor unit features a separate entrance with 1 bedroom, 1 full bathroom, large living space, and eat‑in kitchen; Year built: 1925
    More about this property
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