Schenectady Triplex in Historic
229 Green Street Schenectady, NY 12305
229 Green Street, Schenectady, NY, 12305
$284,900
For Sale
$284,900
MULTI_FAMILY - Other - Schenectady, NY
Property Size2,353 SF
Lot Size0.09 Acres
Price / SF$121.08
Days on Market88
Property Features for 229 Green Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 3
- Basement
- Unfinished, Full
- Standard status
- Active
- APN
- 421500 39.55-3-23
- Size
- 2,353 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6906
Utilities
- Sewer type
- Public Sewer
- Heating system
- Radiant, Hot Water(Heating), Natural Gas
- Water source
- Public
Building Details
- Year built
- 1900
- Number of units
- 3
- Flooring type
- Hardwood, Laminate, Tile
- Building materials
- Brick
- Roof type
- Rubber, Flat
- Architectural style
- Other
Listing Agency
KW Platform
(518) 724-5800
935 New Loudon Rd, Latham, NY
Listed by
Kristian Khachadourian · License #10401303476
(518) 937-4124
Added: Apr 21 Checked: Jul 17 at 6:06 pm
MLS# 202615473
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.
Located in the Stockade neighborhood of Schenectady, this traditional brick triplex represents an investment opportunity in a historic area. The property is fully rented with long-term tenants, providing cash flow and rental history. The layout includes two units on the first floor and a third unit on the second floor. The property is of brick construction and is situated in a walkable area near downtown, restaurants, and Rivers Casino. The property has a size of 2353 square feet and is located on a lot of 0.09 acres.
Key Highlights
- Traditional brick triplex with 3 units, including two units on the first floor and one unit on the second floor
- Fully rented with long‑term tenants in place
- Public utilities: public water and public sewer
Local Financial Insights For Apartment 5plus
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 | $46.6k | $19.80 |
| − Vacancy | −$2.9k | −$1.23 |
| EGI | $43.7k | $18.57 |
| − OpEx | −$19.7k | −$8.36 |
| NOI | $24.0k | $10.21 |
2,353 SF · lease $19.80/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$382.8K
$335.0K – $446.6K
NOI $26,797 @ 7.0% cap · market cap 9.41%
Second Best
Apartment 5plus
$343.4K
$300.4K – $400.6K
NOI $24,035 @ 7.0% cap · market cap 8.44%
Theoretical Best
Office A
$704.3K
$616.3K – $821.7K
NOI $49,300 @ 7.0% cap · market cap 17.30%
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 - Fully rented triplex in Schenectady's desirable Stockade neighborhood.
Where is this triplex located?
The property is located at 229 Green Street Schenectady, NY.
What is the asking price?
The asking price for this property is $284,900.
What are key features of this property?
This property features: Traditional brick triplex with 3 units, including two units on the first floor and one unit on the second floor; Fully rented with long‑term tenants in place; Public utilities: public water and public sewer
