Schenectady Two-Family Home Near
20 Monroe Street Schenectady, NY 12305
20 Monroe Street, Schenectady, NY, 12305
$449,900
Pending
For Sale
$449,900
Pending
MULTI_FAMILY - Other - Schenectady, NY
Property Size1,600 SF
Lot Size0.07 Acres
Days on Market73
Property Features for 20 Monroe Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 4, Bedroom 2
- Parking
- 4
- Parking features
- Driveway, Off Street
- Patio and Porch features
- Porch
- Fencing
- Fenced
- Standard status
- Pending
- APN
- 421500 39.56-3-39
- Size
- 1,600 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2301
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Wall Unit(s)
- Water source
- Public
Building Details
- Year built
- 2024
- Number of units
- 2
- Flooring type
- Hardwood, Vinyl
- Building materials
- Stone, Vinyl Siding
- Roof type
- Shingle, Asphalt
- Architectural style
- Other
Listing Agency
KW Platform
(518) 724-5800
494 Maple Ave., Latham, NY
Listed by
Robert Saumell Jr. · License #10401362138
(518) 926-8282
Added: May 6 Checked: Jul 17 at 7:06 pm
MLS# 202616552
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-family home is located near Schenectady's Historic Stockade District, just off Erie Boulevard. The location provides access to local dining, entertainment, and the casino. Both units feature contemporary finishes, spacious layouts, stylish kitchens, and comfortable bedrooms. The property offers flexibility and income opportunity, suitable for expanding an investment portfolio or exploring short-term rental potential. The property size is 1600 square feet and the lot size is 0.07 acres.
Key Highlights
- Two‑family home built in 2024
- Construction materials include stone and vinyl siding
- Hardwood and vinyl flooring; electric heating with wall unit cooling
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 | $27.8k | $17.40 |
| − Vacancy | −$1.8k | −$1.13 |
| EGI | $26.0k | $16.27 |
| − OpEx | −$7.8k | −$4.88 |
| NOI | $18.2k | $11.39 |
1,600 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$260.3K
$227.8K – $303.7K
NOI $18,221 @ 7.0% cap · market cap 4.05%
Second Best
Apartment 5plus
$233.5K
$204.3K – $272.4K
NOI $16,344 @ 7.0% cap · market cap 3.63%
Theoretical Best
Office A
$478.9K
$419.0K – $558.7K
NOI $33,523 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family home near Schenectady's Historic Stockade District.
Where is this duplex located?
The property is located at 20 Monroe Street Schenectady, NY.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Two‑family home built in 2024; Construction materials include stone and vinyl siding; Hardwood and vinyl flooring; electric heating with wall unit cooling
