Two-Unit Duplex with Private
New
For Sale
$324,900
1021 Howard Street, Schenectady, NY 12303
Both occupied apartments offer three-bedroom layouts and one bathroom each.
Property Size2,296 SF
Price / SF$141.51
Days on Market3
Property Features for 1021 Howard Street
General Information
Standard status
Active
Size
2,296 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
private driveway
off-street parking
partially finished basement
Building Details
Year Built
1900
Listing Agency:
The Thompson Real Estate Team
Listed By:
Dyaram Robert · License #22601
(518) 878-5250
Source:
518realty
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 20 at 4:59PM
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 The Thompson Real Estate Team
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Investment Insights
Based on property information with market context.
This 2,296-square-foot duplex at 1021 Howard Street contains two apartments, each with three bedrooms and one bathroom. Both units are occupied. The property was built in 1900 and includes a partially finished basement, a private driveway, and off-street parking.
Shopping, schools, and public transportation are nearby in Schenectady. Showings require 24 hours’ notice.
Shopping, schools, and public transportation are nearby in Schenectady. Showings require 24 hours’ notice.
Key Highlights
- Two 3‑bedroom, 1‑bath apartments; both currently occupied
- 2,296 square feet
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,148
Cap Rate
8.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$522,960
$523.0K
Cap Rate 7%
$373,543
$373.5K
Cap Rate 9%
$290,533
$290.5K
Market Conditions
NOI Build-Up for 2,296 SF
Gross rent
$40.0K $17.40/SF
− Vacancy
−$2.6K −$1.13/SF
EGI
$37.4K $16.27/SF
− OpEx
−$11.2K −$4.88/SF
NOI
$26.1K $11.39/SF
Area
Schenectady County, NY
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$522,960
Cap Rate 7%
$373,543
Cap Rate 9%
$290,533
Alternative Uses
Best Use
Multifamily LT 5
$373.5K
$326.9K – $435.8K
NOI $26,148 @ 7.0% cap · market cap 8.05%
Second Best
Apartment 5plus
$335.0K
$293.2K – $390.9K
NOI $23,453 @ 7.0% cap · market cap 7.22%
Theoretical Best
Office A
$687.2K
$601.3K – $801.8K
NOI $48,106 @ 7.0% cap · market cap 14.81%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
509
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both occupied apartments offer three-bedroom layouts and one bathroom each.
Where is this duplex located?
The property is located at 1021 Howard Street Schenectady, NY.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Two 3‑bedroom, 1‑bath apartments; both currently occupied; 2,296 square feet; Built in 1900
