1056 Wendell Avenue Schenectady, NY 12308
MULTI_FAMILY - Other - Schenectady, NY
- Added:
- Jul 10, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 12 at 4:06 pm
Property Features for 1056 Wendell Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 4, Bathroom 2
- Parking
- 2
- Parking features
- Off Street, Driveway
- Patio and Porch features
- Deck, Porch
- Interior features
- Paddle Fan, High Speed Internet, Walk-In Closet(s), Built-in Features, Ceramic Tile Bath, Chair Rail, Crown Molding
- Basement
- Walk-Out Access, Full, Exterior Entry, Interior Entry
- Standard status
- Active
- APN
- 421500 39.75-2-52
- Size
- 2,139 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8054
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Radiant, Baseboard, Hot Water(Heating)
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1896
- Number of units
- 2
- Flooring type
- Hardwood, Vinyl, Tile - Ceramic, Laminate
- Building materials
- Wood Siding
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
Listing agent Patrick Dunn License #10401288889 (518) 407-9834
Listing office KW Platform 935 New Loudon Rd, Latham, NY (518) 724-5800
Listing date Jul 10, 2026
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.
The property is located in Schenectady’s GE Plot, just steps from Union Street and within walking distance to Union College, parks, restaurants, shopping, and Ellis Hospital.
As a two-unit residential income property, it offers flexibility for an owner-occupied setup or investment use, with each unit separately metered and equipped with laundry.
Key Highlights
- Victorian‑style 2‑family home built in 1896, with wood siding and asphalt/shingle roof
- Up‑and‑down 2‑family spans three levels and includes original woodwork and built‑in features
- Each unit has its own washer and dryer, plus separate utilities
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 | $37.2k | $17.40 |
| − Vacancy | −$2.4k | −$1.13 |
| EGI | $34.8k | $16.27 |
| − OpEx | −$10.4k | −$4.88 |
| NOI | $24.4k | $11.39 |
