244 Park Place, Schenectady, NY 12305
MULTI_FAMILY - Schenectady, NY
- Added:
- Jun 17, 2026
- Days on Market:
- 18
- Last Refresh:
- Jul 4 at 4:06 am
Property Features for 244 Park Place
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 5, Bathroom 1, Bedroom 2
- Parking
- 1
- Parking features
- Driveway, Off Street
- Patio and Porch features
- Porch
- Fencing
- Fenced
- Basement
- Full
- Standard status
- Active
- APN
- 421500 39.57-2-37
- Size
- 2,084 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2962
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1920
- Number of units
- 2
- Flooring type
- Vinyl
- Building materials
- Vinyl Siding
- Roof type
- Asphalt, Shingle
Listing agent Caitlin C Montalvo License #10301215773 (518) 944-8228
Listing office Howard Hanna Capital Inc 1547 Route 9, Clifton Park, NY (518) 371-4500
Listing date Jun 17, 2026
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
- Two‑family home built in 1920
- Vinyl siding exterior with vinyl flooring
- Natural gas forced‑air heating
- Asphalt shingle roof
- Public water and public sewer
- Fenced property with porch and off‑street driveway parking
Overview
Located in Schenectady, the home is described as conveniently near Union College, Mohawk Harbor, and Downtown Schenectady. This positioning is intended to support day-to-day access to nearby restaurants, shopping, entertainment, and the area’s arts programming, based on the property’s stated proximity in the listing remarks.
As a for-sale two-family residence, this property can fit multiple strategies: an owner-occupant can live in one unit while collecting rent from the other, and investors can pursue income from a residential income format. The listing emphasizes the opportunity for both personal use and rental income potential, with an emphasis on a maintained asset in a location convenient to established destinations.
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 | $36.3k | $17.40 |
| − Vacancy | −$2.4k | −$1.13 |
| EGI | $33.9k | $16.27 |
| − OpEx | −$10.2k | −$4.88 |
| NOI | $23.7k | $11.39 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Schenectady
- County
- Schenectady
- State
- New York
- Longitude
- -73.932186
- Latitude
- 42.819976
