Three-Unit Residential Income
2237 Ghents Road Schenectady, NY 12306
2237 Ghents Road, Schenectady, NY, 12306
$325,000
Pending
For Sale
$325,000
Pending
MULTI_FAMILY - Schenectady, NY
Property Size2,330 SF
Lot Size0.76 Acres
Days on Market209
Property Features for 2237 Ghents Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi Residence
- Bedrooms
- 7
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 3, Bedroom 7, Bedroom 6, Bedroom 5
- Parking
- 6
- Parking features
- Garage
- Standard status
- Pending
- APN
- 422800 70.8-1-12
- Size
- 2,330 SF
- Lot size
- 0.76 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6511
Utilities
- Sewer type
- Septic Tank
- Heating system
- Natural Gas, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1950
- Number of units
- 3
- Building materials
- Aluminum Siding
- Roof type
- Asphalt
Listing Agency
Howard Hanna Capital Inc
(518) 370-3170
480 Balltown Road, Clifton Park, NY
Listed by
George T Tomaselli · License #30TO0245901
(518) 356-2779
Added: Dec 20, 2025 Checked: Jul 17 at 4:06 pm
MLS# 202531028
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 three-unit residential income property is set up as separate, self-contained living spaces. Each unit has its own utility setup, with C/breakers and 100-amp service, and each includes washer and dryer hookups located in the garage. The property also features replaced windows, supporting improved building performance and reduced near-term exterior maintenance. A private setting and a two-car garage add practical storage and convenience.
The property is located at 2237 Ghents Road in Schenectady, NY, within Multi Residence zoning. The listing notes that tenants are on month-to-month terms. Showings require 24-hour notice.
For buyers seeking a small-scale rental portfolio, this layout offers the operational simplicity of separate utilities and in-garage laundry hookups for each unit. For owner-occupants, the configuration may support living in one unit while renting the others. The listing indicates the property is back on the market pending cancellation being signed.
The property is located at 2237 Ghents Road in Schenectady, NY, within Multi Residence zoning. The listing notes that tenants are on month-to-month terms. Showings require 24-hour notice.
For buyers seeking a small-scale rental portfolio, this layout offers the operational simplicity of separate utilities and in-garage laundry hookups for each unit. For owner-occupants, the configuration may support living in one unit while renting the others. The listing indicates the property is back on the market pending cancellation being signed.
Key Highlights
- Rare 3‑family property in Rotterdam with Mohonasen schools
- Separate utilities for each unit with 100‑amp service and C/breakers
- 2‑car garage plus washer and dryer hookups in the garage for each unit
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 | $40.5k | $17.40 |
| − Vacancy | −$2.6k | −$1.13 |
| EGI | $37.9k | $16.27 |
| − OpEx | −$11.4k | −$4.88 |
| NOI | $26.5k | $11.39 |
2,330 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$379.1K
$331.7K – $442.3K
NOI $26,535 @ 7.0% cap · market cap 8.16%
Second Best
Apartment 5plus
$340.0K
$297.5K – $396.7K
NOI $23,801 @ 7.0% cap · market cap 7.32%
Theoretical Best
Office A
$697.4K
$610.2K – $813.6K
NOI $48,818 @ 7.0% cap · market cap 15.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three separate units with private utility service and garage hookups, suited for owner-occupants or income-focused buyers.
Where is this triplex located?
The property is located at 2237 Ghents Road Schenectady, NY.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Rare 3‑family property in Rotterdam with Mohonasen schools; Separate utilities for each unit with 100‑amp service and C/breakers; 2‑car garage plus washer and dryer hookups in the garage for each unit
