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    Quadplex Apartment Building Title is generated by Realmo AI

    234 Jackson Avenue, Schenectady, NY 12304

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    Claim this Listing
    Pending
    $425,000

    MULTI_FAMILY - Other - Schenectady, NY

    Property size:
    2,400 SF
    Lot size:
    0.12 Acres
    Added:
    Jun 6, 2026
    Days on Market:
    29
    Last Refresh:
    Jul 4 at 5:06 am

    Property Features for 234 Jackson Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    4
    Rooms
    Bathroom 4, Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 2, Bedroom 4, Bathroom 2
    Parking
    4
    Parking features
    Off Street, Driveway
    Window features
    Window Coverings, Double Pane Windows
    Patio and Porch features
    Porch, Deck
    Basement
    Exterior Entry, Partial
    Standard status
    Pending
    APN
    421500 60.37-1-11
    Size
    2,400 SF
    Lot size
    0.12 Acres

    Taxes and HOA fees

    Tax Annual Amount
    7625

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Natural Gas, Radiant, Hot Water(Heating)
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1955
    Number of units
    4
    Flooring type
    Tile, Wood
    Building materials
    Block, Brick
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Contact an agent
    Josephine Polsinelli
    Josephine Polsinelli

    Listing agent Josephine Polsinelli License #10401300250

    Listing office Berkshire Hathaway Home Services Blake 3 Winners Circle Ste 305, Albany, NY

    Listing date Jun 6, 2026

    MLS# 202618993 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.

    HighLights

    • Apartment 1A is vacant and located on the first‑floor right‑hand side
    • Built in 1955 with block and brick construction
    • Heating includes electric, natural gas, radiant, and hot water systems
    • Cooling is provided by window unit(s)
    • Off‑street parking with a driveway; deck and porch included
    • Public sewer; cable available

    Overview

    This quadplex apartment building offers four separate units and totals 2,400 square feet. Apartment 1A is vacant and located on the first-floor right-hand side. The remaining tenant-occupied apartments are available by appointment, with the seller requesting a second appointment to view those occupied units.

    The property is located at 234 Jackson Avenue in Schenectady, New York 12304, in Schenectady County. The lot size is listed as 0.12 acres.

    For buyers seeking a residential income asset with immediate access to a vacant unit, this configuration may be practical for in-person evaluation. Because most units are currently occupied, tours will need to be scheduled around tenant availability, and viewing the vacant unit and occupied apartments will require separate appointment coordination.

    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 $41.8k $17.40
    − Vacancy −$2.7k −$1.13
    EGI $39.0k $16.27
    − OpEx −$11.7k −$4.88
    NOI $27.3k $11.39
    2,400 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $390.5K
    $341.7K – $455.5K (±1% cap)
    NOI $27,332 @ 7.0% cap · market cap 6.43%
    Second Best
    Apartment 5plus
    $350.2K
    $306.5K – $408.6K (±1% cap)
    NOI $24,516 @ 7.0% cap · market cap 5.77%
    Theoretical Best
    Office A
    $718.4K
    $628.6K – $838.1K (±1% cap)
    NOI $50,285 @ 7.0% cap · market cap 11.83%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Dental Office Spa & Massage Center Restaurant Hair Salon Skin Care Clinic Accounting Firm Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Schenectady
    County
    Schenectady
    State
    New York
    Longitude
    -73.914511
    Latitude
    42.780432

    FAQs

    What type of property is this?
    Quadplex - Four-unit residential income building with one first-floor unit currently vacant for a prospective buyer to review.
    Where is this quadplex located?
    The property is located at 234 Jackson Avenue Schenectady, NY.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: Apartment 1A is vacant and located on the first‑floor right‑hand side; Built in 1955 with block and brick construction; Heating includes electric, natural gas, radiant, and hot water systems
    More about this property
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