Two-Unit Duplex with Separate
For Sale
$225,000
1037 Cutler Street, Schenectady, NY 12303
Residential Income, Schenectady, NY
Property Size1,746 SF
Lot Size0.11 Acres
Price / SF$128.87
Days on Market10
Property Features for 1037 Cutler Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 6, Bedroom 7, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 2
Patio and Porch features
Porch
High school district
000000
Directions
Crane St to 3rd Ave, left on Cutler St
Standard status
Active
APN
421500 49.54-3-12
Size
1,746 SF
Lot size
0.11 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
electricity
Taxes and HOA fees
Tax Annual Amount
4823
Utilities
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1910
Number of units
2
Flooring type
Vinyl, Hardwood
Building materials
Vinyl Siding
Roof type
Asphalt
Listing Agency:
Miranda Real Estate Group Inc
Listed By:
Moonrani G Gumani · License #10401352209
(518) 356-1701
Added: Oct 22
Changed: Oct 26
Last Checked: Oct 31 at 9:06AM
MLS# 12039751
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,746-square-foot duplex in Schenectady was built in 1910 and sits on a level 0.11-acre lot. The first-floor apartment has four bedrooms and one bathroom; the second-floor unit has three bedrooms and one bathroom. Both include a kitchen, a combined living and dining area, and a covered front porch. A bay window, hardwood and vinyl flooring, and a full basement add to the property’s existing features.
The building has natural gas forced-air heat and separate electric meters. Tenants pay for heat, electricity, cable, and internet. The backyard is deep, and the property is described as needing work, presenting a renovation project for a new owner.
The building has natural gas forced-air heat and separate electric meters. Tenants pay for heat, electricity, cable, and internet. The backyard is deep, and the property is described as needing work, presenting a renovation project for a new owner.
Key Highlights
- 1,746‑square‑foot duplex on a 0.11‑acre level lot
- First‑floor unit has 4 bedrooms and 1 bathroom; second‑floor unit has 3 bedrooms and 1 bathroom
- Each apartment has its own kitchen, combined living and dining area, and covered front porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,884
Cap Rate
8.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,680
$397.7K
Cap Rate 7%
$284,057
$284.1K
Cap Rate 9%
$220,933
$220.9K
Market Conditions
NOI Build-Up for 1,746 SF
Gross rent
$30.4K $17.40/SF
− Vacancy
−$2.0K −$1.13/SF
EGI
$28.4K $16.27/SF
− OpEx
−$8.5K −$4.88/SF
NOI
$19.9K $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%
$397,680
Cap Rate 7%
$284,057
Cap Rate 9%
$220,933
Alternative Uses
Best Use
Multifamily LT 5
$284.1K
$248.6K – $331.4K
NOI $19,884 @ 7.0% cap · market cap 8.84%
Second Best
Apartment 5plus
$254.8K
$222.9K – $297.3K
NOI $17,835 @ 7.0% cap · market cap 7.93%
Theoretical Best
Office A
$522.6K
$457.3K – $609.7K
NOI $36,582 @ 7.0% cap · market cap 16.26%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
459
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
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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 - The two apartments offer a four-bedroom first-floor layout and a three-bedroom unit upstairs.
Where is this duplex located?
The property is located at 1037 Cutler Street Schenectady, NY.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 1,746‑square‑foot duplex on a 0.11‑acre level lot; First‑floor unit has 4 bedrooms and 1 bathroom; second‑floor unit has 3 bedrooms and 1 bathroom; Each apartment has its own kitchen, combined living and dining area, and covered front porch
