1214 5th Avenue Schenectady, NY 12303
MULTI_FAMILY - Other - Schenectady, NY
- Added:
- Jun 14, 2026
- Days on Market:
- 29
- Last Refresh:
- Jul 12 at 10:06 pm
Property Features for 1214 5th Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi Residence
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 2
- Parking
- 2
- Parking features
- Driveway
- Patio and Porch features
- Porch
- Basement
- Full
- Standard status
- Pending
- APN
- 421500 49.54-5-6
- Size
- 1,168 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3261
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Electric (Heating), Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1940
- Number of units
- 2
- Building materials
- Aluminum Siding, Vinyl Siding
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent George T Tomaselli License #30TO0245901 (518) 356-2779
Listing office Howard Hanna Capital Inc 480 Balltown Road, Clifton Park, NY (518) 370-3170
Listing date Jun 14, 2026
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.
The property is located at 1214 5th Avenue in Schenectady, NY 12303, within Multi Residence zoning. The lot size is listed at 0.08 acres, and the total property size is 1,168 square feet.
For buyers looking to invest, the vacant downstairs unit may support straightforward leasing operations while keeping the upstairs unit in place. For owner-occupants, the configuration can also work for living in one unit while renting the other, or for use as a single-family residence with an in-law arrangement. The seller notes the home can be shown easily.
Key Highlights
- 2‑family setup with separate utilities; downstairs is vacant
- Includes range & refrigerator on both levels
- Year built 1940
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 | $20.3k | $17.40 |
| − Vacancy | −$1.3k | −$1.13 |
| EGI | $19.0k | $16.27 |
| − OpEx | −$5.7k | −$4.88 |
| NOI | $13.3k | $11.39 |
