Renovated Duplex with Heated Bonus
For Sale
$215,000
1034 Glendale Place, Schenectady, NY 12303
Updated two-family property with separate fenced yards, detached garage, and heated bonus space.
Property Size1,468 SF
Price / SF$146.46
Days on Market50
Property Features for 1034 Glendale Place
General Information
Standard status
Active
Size
1,468 SF
Total Parking Spaces
6
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,399
Amenities
first-floor laundry
back deck
fenced yards
motion-activated security lights
detached garage
tool shed
basement workshop
bonus room
Building Details
Year Built
1900
Listing Agency:
Real Broker NY LLC
(518) 836-8018
Listed By:
Brock Langdoc · License #30WA0832219
(518) 836-8018
Source:
Capmarkrealty
Added: Jul 12
Changed: Aug 29
Last Checked: Aug 25 at 3:37AM
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 Real Broker NY LLC
Investment Insights
Based on property information with market context.
This 1,468-square-foot duplex, built in 1900, has updated interiors and a recently refreshed exterior. The two-family layout includes first-floor laundry, a large primary bedroom with substantial closet space, renovated bathrooms with built-in heaters and tub-shower combinations, and USB outlets in the bedrooms. A fully heated upper-level bonus area adds flexible room for office, recreation, or workout use.
Outside, the property occupies a landscaped double lot with a rear deck, two separately fenced yards, and motion-activated security lighting. Additional improvements include a detached garage reached from a private back street, a tool shed, and workshop space in the basement. Shopping and dining are located nearby.
Outside, the property occupies a landscaped double lot with a rear deck, two separately fenced yards, and motion-activated security lighting. Additional improvements include a detached garage reached from a private back street, a tool shed, and workshop space in the basement. Shopping and dining are located nearby.
Key Highlights
- 1,468‑square‑foot duplex on a landscaped double lot
- Two separately fenced yards plus rear deck
- Fully heated upper‑level bonus space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,718
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.78%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$334,360
$334.4K
Cap Rate 7%
$238,829
$238.8K
Cap Rate 9%
$185,756
$185.8K
Market Conditions
NOI Build-Up for 1,468 SF
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.
Gross rent
$25.5K $17.40/SF
− Vacancy
−$1.7K −$1.13/SF
EGI
$23.9K $16.27/SF
− OpEx
−$7.2K −$4.88/SF
NOI
$16.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$334,360
Cap Rate 7%
$238,829
Cap Rate 9%
$185,756
Alternative Uses
Best Use
Multifamily LT 5
$238.8K
$209.0K – $278.6K
NOI $16,718 @ 7.0% cap · market cap 7.78%
Second Best
Apartment 5plus
$214.2K
$187.4K – $249.9K
NOI $14,995 @ 7.0% cap · market cap 6.97%
Theoretical Best
Office A
$439.4K
$384.5K – $512.6K
NOI $30,758 @ 7.0% cap · market cap 14.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
458
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Updated two-family property with separate fenced yards, detached garage, and heated bonus space.
Where is this duplex located?
The property is located at 1034 Glendale Place Schenectady, NY.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: 1,468‑square‑foot duplex on a landscaped double lot; Two separately fenced yards plus rear deck; Fully heated upper‑level bonus space
