Three-Level Duplex with
For Sale
$325,000
1056 Wendell Ave, Schenectady, NY 12308
Two residential units feature separate utilities, in-unit laundry, updated bathrooms, and basement access in a walkable Schenectady setting.
Property Size2,139 SF
Price / SF$151.94
Days on Market93
Property Features for 1056 Wendell Ave
General Information
Standard status
Active
Size
2,139 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
deck
in-unit washer/dryer
Building Details
Year Built
1896
Stories
3
Construction
Victorian style
Listing Agency:
Chad Majewski Real Estate
Listed By:
Michael Field · License #10491203035
(518) 669-1804
Source:
Fieldrealty
Added: Jul 14
Changed: Oct 13
Last Checked: Oct 12 at 7:57PM
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 Chad Majewski Real Estate
Investment Insights
Based on property information with market context.
This two-family property contains 2,139 square feet across three levels and dates to 1896. Original wood detailing remains throughout, complemented by newer plumbing, updated electrical systems, and renovated bathrooms. Each residence includes its own washer and dryer and is served by separate utilities. Additional features include substantial storage, a walkout basement, and a second-floor deck positioned above the backyard.
The property is located near Union Street and within walking distance of Union College, parks, restaurants, shopping, and Ellis Hospital. The layout and separate utility setup support either an owner-occupied arrangement or continued use as a residential income property.
The property is located near Union Street and within walking distance of Union College, parks, restaurants, shopping, and Ellis Hospital. The layout and separate utility setup support either an owner-occupied arrangement or continued use as a residential income property.
Key Highlights
- 2,139‑square‑foot two‑family property built in 1896
- Three‑level layout with original woodwork and craftsmanship
- Each unit has its own washer and dryer with separate utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,360
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,200
$487.2K
Cap Rate 7%
$348,000
$348.0K
Cap Rate 9%
$270,667
$270.7K
Market Conditions
NOI Build-Up for 2,139 SF
Gross rent
$37.2K $17.40/SF
− Vacancy
−$2.4K −$1.13/SF
EGI
$34.8K $16.27/SF
− OpEx
−$10.4K −$4.88/SF
NOI
$24.4K $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%
$487,200
Cap Rate 7%
$348,000
Cap Rate 9%
$270,667
Alternative Uses
Best Use
Multifamily LT 5
$348.0K
$304.5K – $406.0K
NOI $24,360 @ 7.0% cap · market cap 7.50%
Second Best
Apartment 5plus
$312.1K
$273.1K – $364.2K
NOI $21,849 @ 7.0% cap · market cap 6.72%
Theoretical Best
Office A
$640.2K
$560.2K – $746.9K
NOI $44,816 @ 7.0% cap · market cap 13.79%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,216
Businesses Nearby
Explore this area
Business Placement
Demographics for 12308, NY
15,285
Population
6,442
Households
2.4
Avg Household Size
31
Median Age
29%
College-Educated
89%
High-School Grad
2.3 sq mi
ZIP Area
6,646
Density / Sq Mi
$59,789
Median Household Income
$35,966
Median Earnings
$1,159
Median Rent
$180,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature separate utilities, in-unit laundry, updated bathrooms, and basement access in a walkable Schenectady setting.
Where is this duplex located?
The property is located at 1056 Wendell Ave Schenectady, NY.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 2,139‑square‑foot two‑family property built in 1896; Three‑level layout with original woodwork and craftsmanship; Each unit has its own washer and dryer with separate utilities
