Two-Family Duplex With Detached
302-304 Michigan Avenue Schenectady, NY 12303
302-304 Michigan Avenue, Schenectady, NY, 12303
$375,000
For Sale
$375,000
MULTI_FAMILY - Schenectady, NY
Property Size2,915 SF
Lot Size0.11 Acres
Price / SF$128.64
Days on Market67
Property Features for 302-304 Michigan Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 5, Bathroom 1, Bedroom 6, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 2
- Parking features
- Driveway
- Patio and Porch features
- Porch
- Fencing
- Fenced
- Standard status
- Active
- APN
- 421500 49.66-1-7 01
- Size
- 2,915 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8354
Utilities
- Heating system
- Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1890
- Number of units
- 2
- Flooring type
- Linoleum, Carpet, Vinyl
- Building materials
- Vinyl Siding
- Roof type
- Asphalt
Listing Agency
Miranda Real Estate Group Inc
(518) 356-1701
1801 Altamont Ave Ste 1, Schenectady, NY
Listed by
Moonrani G Gumani · License #10401352209
(518) 356-1701
Added: May 12 Checked: Jul 17 at 8:06 pm
MLS# 11743283
Listing URL
Copyright © 2026 My State MLS. 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.
302-304 Michigan Avenue presents an up-and-down two-family duplex with a total of 2,915 square feet of living area. The home is configured with six bedrooms and two full baths across two well-proportioned units, offering flexibility for owner-occupancy or leasing both units.
Additional property features include a full basement with laundry hookups, hot water heat, vinyl siding, and a two-car detached garage. The paved driveway and fenced backyard add practical outdoor space for day-to-day use.
The property is listed for sale in Schenectady, New York.
Additional property features include a full basement with laundry hookups, hot water heat, vinyl siding, and a two-car detached garage. The paved driveway and fenced backyard add practical outdoor space for day-to-day use.
The property is listed for sale in Schenectady, New York.
Key Highlights
- Two‑family duplex at 302‑304 Michigan Ave with 2,915 SF total living area
- Six bedrooms total (3 in each unit) plus two full bathrooms
- Two‑car detached garage with paved driveway
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 | $50.7k | $17.40 |
| − Vacancy | −$3.3k | −$1.13 |
| EGI | $47.4k | $16.27 |
| − OpEx | −$14.2k | −$4.88 |
| NOI | $33.2k | $11.39 |
2,915 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$474.2K
$415.0K – $553.3K
NOI $33,197 @ 7.0% cap · market cap 8.85%
Second Best
Apartment 5plus
$425.4K
$372.2K – $496.3K
NOI $29,776 @ 7.0% cap · market cap 7.94%
Theoretical Best
Office A
$872.5K
$763.4K – $1.02M
NOI $61,075 @ 7.0% cap · market cap 16.29%
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 - Up-and-down duplex at 302-304 Michigan Avenue features two units, full basement with laundry hookups, and a two-car detached garage.
Where is this duplex located?
The property is located at 302-304 Michigan Avenue Schenectady, NY.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two‑family duplex at 302‑304 Michigan Ave with 2,915 SF total living area; Six bedrooms total (3 in each unit) plus two full bathrooms; Two‑car detached garage with paved driveway
