Two-Unit Duplex with
For Sale
Under Contract
$259,900
1928 Broad St, Schenectady, NY 12306
Residential Income, Schenectady, NY
Property Size1,920 SF
Lot Size0.17 Acres
Price / SF$135.36
Days on Market159
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, Bedroom 4, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2
Parking features
Driveway, Carport
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: Sep 14
Last Checked: Oct 5 at 10:06AM
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.
Located at 1928 Broad St in Schenectady, this duplex contains 1,920 square feet with four bedrooms and two full bathrooms across its two units. The property was built in 1928 and features vinyl siding, hardwood flooring, asphalt roofing, natural-gas forced-air heat, public water, and a porch.
The 0.17-acre lot includes a private driveway, 2-car garage, carport, and additional off-street parking. Positioned near the Schenectady/Rotterdam border in the Bellevue neighborhood, the property is close to shopping, grocery stores, restaurants, major roadways, and a CDTA bus line. Its location provides access to Schenectady, Albany, and surrounding areas.
The 0.17-acre lot includes a private driveway, 2-car garage, carport, and additional off-street parking. Positioned near the Schenectady/Rotterdam border in the Bellevue neighborhood, the property is close to shopping, grocery stores, restaurants, major roadways, and a CDTA bus line. Its location provides access to Schenectady, Albany, and surrounding areas.
Key Highlights
- Two‑unit duplex with 4 bedrooms and 2 full bathrooms
- 1,920 square feet on a 0.17‑acre lot
- Private driveway, 2‑car garage, carport, and off‑street parking
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
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Current Use
Lease Details
2
Residential units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with hardwood flooring, natural-gas forced-air heat, and off-street parking.
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 bathrooms; 1,920 square feet on a 0.17‑acre lot; Private driveway, 2‑car garage, carport, and off‑street parking
