Renovated Duplex with Bonus
For Sale
$215,000
Pending
1034 Glendale Place, Schenectady, NY 12303
MultiFamily, Schenectady, NY
Property Size1,468 SF
Lot Size0.24 Acres
Days on Market46
Property Features for 1034 Glendale Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 3
Parking
6
Parking features
Garage
Interior features
Built-in Features, Ceramic Tile Bath
Fencing
Fenced, Chain Link, Perimeter, Gate
Basement
Unfinished, Sump Pump, Full, Interior Entry
Lot features
Level, Landscaped
High school
Schenectady
Elementary school district
Schenectady
Middle school district
Schenectady
High school district
Schenectady
Directions
Take Broadway; Turn left onto Congress St; Turn right onto Cutler St; Turn right onto 5th Ave; Turn left onto Glendale Pl
Standard status
Pending
APN
421500 49.61-2-15.1
Size
1,468 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Annual Amount
6399
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Baseboard, Forced Air, Natural Gas, Electric (Heating)
Cooling system
Window Unit(s)
Water source
Public
Amenities
first-floor laundry
back deck
fenced yards
motion-activated security lights
detached garage
tool shed
basement workshop
Building Details
Year built
1900
Number of units
2
Flooring type
Laminate, Carpet, Vinyl, Tile
Building materials
Wood Siding
Roof type
Slate
Architectural style
Other
Listing Agency:
Real Broker NY LLC
(855) 450-0442
Listed By:
Brock Langdoc · License #10401282534
(518) 836-8018
Added: Jul 10
Changed: Aug 22
Last Checked: Aug 24 at 10:06PM
MLS# 202621500
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This recently renovated duplex contains 1,468 square feet on a 0.24-acre double lot. Interior improvements include updated bathrooms with shower-tub combinations and built-in heaters, first-floor laundry, a large primary bedroom with generous closet space, and USB outlets in the bedrooms. A heated upper-level bonus area adds flexible room for office, recreation, or fitness use. Flooring includes vinyl, carpet, laminate, and tile, while heating is provided by electric baseboard, forced air, and natural gas systems.
The exterior features fresh paint, a rear deck, two separately fenced yard areas, motion-activated security lighting, a detached garage reached from a private back street, and a tool shed. Additional utility space includes a basement workshop. The property has a slate roof, public water, public sewer, and cable availability. Built in 1900, it is located in Schenectady, NY, near local shopping and dining.
The exterior features fresh paint, a rear deck, two separately fenced yard areas, motion-activated security lighting, a detached garage reached from a private back street, and a tool shed. Additional utility space includes a basement workshop. The property has a slate roof, public water, public sewer, and cable availability. Built in 1900, it is located in Schenectady, NY, near local shopping and dining.
Key Highlights
- Recently renovated 1,468‑square‑foot duplex on a 0.24‑acre double lot
- Two fenced yard areas with gates and perimeter fencing
- Detached garage accessible from a private back street
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
Yes
Fenced yard
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 two fenced yards, detached garage, and first-floor laundry.
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: Recently renovated 1,468‑square‑foot duplex on a 0.24‑acre double lot; Two fenced yard areas with gates and perimeter fencing; Detached garage accessible from a private back street
