Two-Family Residential Income
1017 Chrisler Avenue Schenectady, NY 12303
For Sale
$299,900
Large two-family home with three bedrooms per unit and backyard space, suited for owner-occupants or investors.
Property Size2,304 SF
Price / SF$130.16
Days on Market131
Property Features for 1017 Chrisler Avenue
General Information
- Standard status
- Active
- Size
- 2,304 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1910
Listing Agency:
Scorzafava Real Estate Group LLC
Listed By:
Scott Scorzafava
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Mar 15
Changed: Jul 22
Last Checked: Jul 23 at 6:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Scorzafava Real Estate Group LLC
Investment Insights
Based on property information with market context.
This large two-family residential property offers a total layout of three bedrooms over three bedrooms. Each unit provides its own living space within a single, two-unit home, with additional outdoor space in the backyard.
The property is located in Schenectady with convenient proximity to Downtown, shopping, restaurants, and a bus line.
At least one apartment can be delivered vacant if desired, which may support flexible occupancy planning for an owner-occupant or investor.
The property is located in Schenectady with convenient proximity to Downtown, shopping, restaurants, and a bus line.
At least one apartment can be delivered vacant if desired, which may support flexible occupancy planning for an owner-occupant or investor.
Key Highlights
- Large 2‑family home built in 1910
- 3 bedrooms per unit (3 over 3) across both apartments
- Suitable for owner‑occupant or investment use
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 | $40.1k | $17.40 |
| − Vacancy | −$2.6k | −$1.13 |
| EGI | $37.5k | $16.27 |
| − OpEx | −$11.2k | −$4.88 |
| NOI | $26.2k | $11.39 |
2,304 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$374.8K
$328.0K – $437.3K
NOI $26,239 @ 7.0% cap · market cap 8.75%
Second Best
Apartment 5plus
$336.2K
$294.2K – $392.3K
NOI $23,535 @ 7.0% cap · market cap 7.85%
Theoretical Best
Office A
$689.6K
$603.4K – $804.6K
NOI $48,273 @ 7.0% cap · market cap 16.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Large two-family home with three bedrooms per unit and backyard space, suited for owner-occupants or investors.
Where is this duplex located?
The property is located at 1017 Chrisler Avenue Schenectady, NY.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Large 2‑family home built in 1910; 3 bedrooms per unit (3 over 3) across both apartments; Suitable for owner‑occupant or investment use
