Two-Unit Duplex with Off-Street
For Sale
$259,000
1017 Chrisler Avenue, Schenectady, NY 12303
Each residence has three bedrooms, with the property offering the option of vacant delivery.
Property Size2,304 SF
Price / SF$112.41
Days on Market8
Property Features for 1017 Chrisler Avenue
General Information
Standard status
Active
Size
2,304 SF
Property subtype
Multi-family
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Amenities
private off-street parking
Building Details
Year Built
1910
Listing Agency:
Miranda Real Estate Group Inc
Listed By:
Ryan Gocool · License #10401383848
(518) 512-1349
Source:
Signatureonerealtygroup
Added: Oct 25
Changed: Oct 30
Last Checked: Nov 1 at 6:07AM
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 Miranda Real Estate Group Inc
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Investment Insights
Based on property information with market context.
This 2,304-square-foot duplex, built in 1910, contains two residences with three bedrooms apiece. The combined six-bedroom layout is paired with private off-street parking. The property can be delivered vacant, providing flexibility for its next ownership or occupancy arrangement.
Key Highlights
- Two‑unit duplex with 2,304 square feet
- Each unit has 3 bedrooms, totaling 6 bedrooms
- Private off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,535
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$470,700
$470.7K
Cap Rate 7%
$336,214
$336.2K
Cap Rate 9%
$261,500
$261.5K
Market Conditions
NOI Build-Up for 2,304 SF
Gross rent
$45.6K $19.80/SF
− Vacancy
−$2.8K −$1.23/SF
EGI
$42.8K $18.57/SF
− OpEx
−$19.3K −$8.36/SF
NOI
$23.5K $10.21/SF
Area
Schenectady County, NY
Vacancy
6.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$470,700
Cap Rate 7%
$336,214
Cap Rate 9%
$261,500
Alternative Uses
Best Use
Multifamily LT 5
$374.8K
$328.0K – $437.3K
NOI $26,239 @ 7.0% cap · market cap 10.13%
Second Best
Apartment 5plus
$336.2K
$294.2K – $392.3K
NOI $23,535 @ 7.0% cap · market cap 9.09%
Theoretical Best
Office A
$689.6K
$603.4K – $804.6K
NOI $48,273 @ 7.0% cap · market cap 18.64%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
509
Businesses Nearby
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Business Placement
Demographics for 12303, NY
30,893
Population
12,533
Households
2.5
Avg Household Size
41
Median Age
35%
College-Educated
90%
High-School Grad
15.6 sq mi
ZIP Area
1,980
Density / Sq Mi
$77,615
Median Household Income
$50,051
Median Earnings
$1,120
Median Rent
$227,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, with the property offering the option of vacant delivery.
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 $259,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,304 square feet; Each unit has 3 bedrooms, totaling 6 bedrooms; Private off‑street parking
