Two-Unit Duplex with Laundry
17 Frank Street Schenectady, NY 12304
New
MULTI_FAMILY - Other - Schenectady, NY
Property size:
1,659 SFLot size:
0.09 AcresPrice / SF:
$138/SF- Added:
- Jul 9, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 10 at 6:06 pm
Property Features for 17 Frank Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi Residence
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 2, Laundry Room, Bedroom 2, Bedroom 3, Bathroom 1, Bedroom 1
- Parking
- 1
- Parking features
- Off Street
- Fencing
- Privacy
- Basement
- Full
- Standard status
- Active
- APN
- 421500 49.76-4-25
- Size
- 1,659 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4561
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Hot Water(Heating), Baseboard
- Water source
- Public
Building Details
- Year built
- 1910
- Number of units
- 2
- Flooring type
- Vinyl, Laminate, Hardwood
- Building materials
- Vinyl Siding
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Mary Bintz License #10401287760 (518) 428-7177
Listing office Coldwell Banker Prime Properties 1345 New Scotland Road, Green Island, NY (518) 439-9600
Listing date Jul 9, 2026
MLS# 202621414
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 two-unit duplex is set up for either investor ownership or owner-occupancy. The first-floor apartment includes two large bedrooms, a living room, a dining room, a full bathroom, and a laundry room/pantry with washer and dryer hookup. The second-floor apartment is accessed through the back and features one bedroom, a living room, a dining area, a full bathroom, and a laundry room/pantry with washer and dryer hookup. Updates noted include a recently replaced second-floor boiler and recently replaced hot water tanks, along with new flooring in both apartments. A nice-sized backyard adds outdoor space for occupants.
Located in Schenectady, the property is described as having convenient access to shopping and highways, supporting everyday commutes and errands.
For tenants or buyers, the unit mix provides a practical layout with separate living areas and dedicated laundry hookup spaces. The recent mechanical and interior updates may reduce near-term maintenance considerations, and the listing notes that current rent is below market. With the second unit’s back access, the building also supports straightforward separation between the two apartments.
Located in Schenectady, the property is described as having convenient access to shopping and highways, supporting everyday commutes and errands.
For tenants or buyers, the unit mix provides a practical layout with separate living areas and dedicated laundry hookup spaces. The recent mechanical and interior updates may reduce near-term maintenance considerations, and the listing notes that current rent is below market. With the second unit’s back access, the building also supports straightforward separation between the two apartments.
Key Highlights
- Two‑family home built in 1910 with vinyl siding and an asphalt roof
- First‑floor unit features 2 bedrooms, living room, dining room, full bath, and laundry room/pantry with washer/dryer hookup
- Second‑floor unit accessed through the back includes 1 bedroom, living room, dining area, full bath, and laundry room/pantry with washer/dryer hookup
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 |
1,659 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$269.9K
$236.2K – $314.9K
NOI $18,893 @ 7.0% cap · market cap 8.22%
Second Best
Apartment 5plus
$242.1K
$211.8K – $282.4K
NOI $16,946 @ 7.0% cap · market cap 7.37%
Theoretical Best
Office A
$496.6K
$434.5K – $579.3K
NOI $34,759 @ 7.0% cap · market cap 15.12%
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 - Duplex offers two separate apartments with in-unit laundry hookups, recently replaced boiler and hot water tanks, plus a backyard.
Where is this duplex located?
The property is located at 17 Frank Street Schenectady, NY.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Two‑family home built in 1910 with vinyl siding and an asphalt roof; First‑floor unit features 2 bedrooms, living room, dining room, full bath, and laundry room/pantry with washer/dryer hookup; Second‑floor unit accessed through the back includes 1 bedroom, living room, dining area, full bath, and laundry room/pantry with washer/dryer hookup
