Duplex with Private Driveway and 2-Car
For Sale
Under Contract
$259,900
1928 Broad St, Schenectady, NY 12306
MULTI_FAMILY - Other - Schenectady, NY
Property Size1,920 SF
Lot Size0.17 Acres
Price / SF$135.36
Days on Market112
Property Features for 1928 Broad St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi-Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 1
Parking features
Carport, Driveway
Patio and Porch features
Porch
Subdivision
Bellevue
High school district
SCHENECTADY CITY SCHOOL DISTRICT
Directions
Helderberg Ave to Broad St second house on the right.
Standard status
Active Under Contract
Size
1,920 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
6089
Utilities
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1928
Floors in Building
2
Flooring type
Hardwood
Building materials
Vinyl Siding
Roof type
Asphalt
Architectural style
Other
Listing Agency:
COLDWELL BANKER PRIME PROPERTIES
(518) 793-4488
Listed By:
Joseph Frith · License #10401301750
(315) 768-1680
Added: Apr 30
Changed: Aug 3
Last Checked: Aug 19 at 6:06PM
MLS# 11732666
Copyright © 2026 My State MLS. 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.
1928 Broad St is a well maintained two-unit duplex on a 0.17-acre lot with a total of 1,920 square feet. The home provides 4 bedrooms and 2 full baths, with hardwood flooring and vinyl siding. Heating is natural gas forced air, supported by public water and an asphalt roof. A porch adds outdoor space, and the exterior layout includes a private driveway, carport, and a 2-car garage.
Located on the Schenectady/Rodterdam border in the Bellevue neighborhood of Schenectady, the property is near the CDTA bus line. The configuration and off-street parking features are geared toward both tenant day-to-day convenience and owner oversight.
Located on the Schenectady/Rodterdam border in the Bellevue neighborhood of Schenectady, the property is near the CDTA bus line. The configuration and off-street parking features are geared toward both tenant day-to-day convenience and owner oversight.
Key Highlights
- Two‑unit duplex with 4 bedrooms and 2 full baths
- 1,920 square feet on 0.17‑acre lot
- Private driveway plus carport and 2‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,866
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$437,320
$437.3K
Cap Rate 7%
$312,371
$312.4K
Cap Rate 9%
$242,956
$243.0K
Market Conditions
NOI Build-Up for 1,920 SF
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.
Gross rent
$33.4K $17.40/SF
− Vacancy
−$2.2K −$1.13/SF
EGI
$31.2K $16.27/SF
− OpEx
−$9.4K −$4.88/SF
NOI
$21.9K $11.39/SF
Area
Schenectady County, NY
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$437,320
Cap Rate 7%
$312,371
Cap Rate 9%
$242,956
Alternative Uses
Best Use
Multifamily LT 5
$312.4K
$273.3K – $364.4K
NOI $21,866 @ 7.0% cap · market cap 8.41%
Second Best
Apartment 5plus
$280.2K
$245.2K – $326.9K
NOI $19,612 @ 7.0% cap · market cap 7.55%
Theoretical Best
Office A
$574.7K
$502.9K – $670.5K
NOI $40,228 @ 7.0% cap · market cap 15.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
452
Businesses Nearby
Explore this area
Business Placement
Demographics for 12306, NY
26,935
Population
12,481
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
94%
High-School Grad
43.9 sq mi
ZIP Area
614
Density / Sq Mi
$80,583
Median Household Income
$46,702
Median Earnings
$1,221
Median Rent
$212,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit duplex with a private driveway, carport, 2-car garage, and 4 bedrooms with 2 full baths.
Where is this duplex located?
The property is located at 1928 Broad St Schenectady, NY.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Two‑unit duplex with 4 bedrooms and 2 full baths; 1,920 square feet on 0.17‑acre lot; Private driveway plus carport and 2‑car garage
