Schenectady Multifamily Investment
For Sale
$379,000
1521 Van Vranken Avenue, Schenectady, NY 12308
MULTI_FAMILY - Schenectady, NY
Property Size2,740 SF
Lot Size0.16 Acres
Price / SF$138.32
Days on Market91
Property Features for 1521 Van Vranken Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 6, Bathroom 2, Bathroom 4, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 5, Bathroom 3
Parking
4
Patio and Porch features
Porch
Basement
Full, Unfinished
Lot features
Level
High school
Schenectady
Elementary school district
Schenectady
Middle school district
Schenectady
High school district
Schenectady
Directions
Turn left onto Van Vranken Ave from Nott St, house is on the left
Standard status
Active
APN
421500 39.58-1-8.1
Size
2,740 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
5203
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1984
Number of units
4
Flooring type
Tile, Carpet, Linoleum
Building materials
Vinyl Siding
Roof type
Asphalt
Listing Agency:
Berkshire Hathaway Home Services Blake · Berkshire Hathaway HomeServices
(518) 935-2555
Listed By:
Barry Griggs · License #10301218647
(347) 869-1205
Added: May 6
Changed: Jul 24
Last Checked: Aug 4 at 12:06AM
MLS# 202616541
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 fully occupied four-unit property is located at 1521 Van Vranken Avenue, Schenectady, NY 12308. The property is a cash-flowing investment opportunity, priced to sell, and delivers immediate returns. Tenants are already in place, eliminating lease-up time. The location is directly on a bus line and within walking distance to everyday tenant conveniences, supporting strong demand and consistent occupancy. The property is well-maintained with a straightforward layout, making it easy to manage. It is ideal for investors looking for reliable performance. The lot size is 0.16 acres and the property size is 2740 square feet. Current rents provide solid in-place income with room to grow. The property is located in Schenectady County, New York.
Key Highlights
- Fully occupied 4‑unit at 1521 Van Vranken Ave with tenants already in place for in‑place rental income
- Built in 1984 with vinyl siding exterior and an asphalt shingle roof
- Forced‑air heating with window unit cooling
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 | $47.7k | $17.40 |
| − Vacancy | −$3.1k | −$1.13 |
| EGI | $44.6k | $16.27 |
| − OpEx | −$13.4k | −$4.88 |
| NOI | $31.2k | $11.39 |
2,740 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$445.8K
$390.1K – $520.1K
NOI $31,204 @ 7.0% cap · market cap 8.23%
Second Best
Apartment 5plus
$399.8K
$349.9K – $466.5K
NOI $27,989 @ 7.0% cap · market cap 7.38%
Theoretical Best
Office A
$820.1K
$717.6K – $956.8K
NOI $57,408 @ 7.0% cap · market cap 15.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,087
Businesses Nearby
Explore this area
Business Placement
Demographics for 12308, NY
15,285
Population
6,442
Households
2.4
Avg Household Size
31
Median Age
29%
College-Educated
89%
High-School Grad
2.3 sq mi
ZIP Area
6,646
Density / Sq Mi
$59,789
Median Household Income
$35,966
Median Earnings
$1,159
Median Rent
$180,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied four-unit property with immediate returns and strong occupancy.
Where is this quadplex located?
The property is located at 1521 Van Vranken Avenue Schenectady, NY.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Fully occupied 4‑unit at 1521 Van Vranken Ave with tenants already in place for in‑place rental income; Built in 1984 with vinyl siding exterior and an asphalt shingle roof; Forced‑air heating with window unit cooling
