Renovated Two-Family
1027 2nd Avenue Schenectady, NY 12303
1027 2nd Avenue, Schenectady, NY, 12303
$314,900
For Sale
$314,900
Completely renovated two-family home with 3 bedrooms over 3 bedrooms and new kitchens and bathrooms.
Property Size2,448 SF
Price / SF$128.64
Days on Market240
Property Features for 1027 2nd Avenue
General Information
- Standard status
- Active
- Size
- 2,448 SF
- Property subtype
- Multi Family / Duplex
Building Details
- Year Built
- 1920
Listing agency
Scorzafava Real Estate Group LLC
(518) 847-7962
Listed by
Scott Scorzafava · License #10491210709
(518) 847-7962
Source
Compass
Added: Nov 25, 2025 Updated: Jul 22 at 9:08PM Checked: Jul 22 at 9:08PM
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 offering includes two separate two-family buildings on the same lot. One building is described as completely renovated and features 3 bedrooms over 3 bedrooms, with new kitchens that include granite countertops and stainless steel appliances, as well as new bathrooms with ceramic tile. The renovation scope is listed as including new vinyl siding, new drywall, new electrical, new plumbing, new furnaces, new hot water heaters, new paint throughout, new flooring, new lighting, and additional improvements.
The second two-family building is also on the same lot and is described as needing to be completely rehabbed.
The properties are currently vacant, providing an opportunity to occupy or renovate as desired, based on the level of work required for each building.
The second two-family building is also on the same lot and is described as needing to be completely rehabbed.
The properties are currently vacant, providing an opportunity to occupy or renovate as desired, based on the level of work required for each building.
Key Highlights
- Completely renovated two‑family home with 3 bedrooms over 3 bedrooms
- New kitchens with granite countertops and stainless steel appliances
- New ceramic tile bathrooms and new flooring throughout
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 | $42.6k | $17.40 |
| − Vacancy | −$2.8k | −$1.13 |
| EGI | $39.8k | $16.27 |
| − OpEx | −$11.9k | −$4.88 |
| NOI | $27.9k | $11.39 |
2,448 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$398.3K
$348.5K – $464.7K
NOI $27,879 @ 7.0% cap · market cap 8.85%
Second Best
Apartment 5plus
$357.2K
$312.6K – $416.8K
NOI $25,006 @ 7.0% cap · market cap 7.94%
Theoretical Best
Office A
$732.7K
$641.1K – $854.8K
NOI $51,290 @ 7.0% cap · market cap 16.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Completely renovated two-family home with 3 bedrooms over 3 bedrooms and new kitchens and bathrooms.
Where is this duplex located?
The property is located at 1027 2nd Avenue Schenectady, NY.
What is the asking price?
The asking price for this property is $314,900.
What are key features of this property?
This property features: Completely renovated two‑family home with 3 bedrooms over 3 bedrooms; New kitchens with granite countertops and stainless steel appliances; New ceramic tile bathrooms and new flooring throughout
