1065 Willett Street Schenectady, NY 12303
MULTI_FAMILY - Schenectady, NY
Property Features for 1065 Willett Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 6, Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 5, Bathroom 2, Bedroom 1, Bedroom 3
- Patio and Porch features
- Porch
- Standard status
- Active Under Contract
- Size
- 2,260 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5897
Utilities
- Heating system
- Natural Gas
- Water source
- Public
Building Details
- Year built
- 1908
- Number of units
- 2
- Flooring type
- Hardwood, Tile
- Building materials
- Aluminum
Listing agent Stephanie Hackett (518) 356-1701
Listing office Miranda Real Estate Group Inc 1801 Altamont Ave Ste 1, Schenectady, NY (518) 356-1701
Listing date Jun 5, 2026
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.
Investment Insights
Based on property information with market context.
The property is located at 1065 Willett Street in Schenectady, New York (Schenectady County). The lot size is 0.11 acres, and the total building size is 2,260 square feet.
For owner-occupants, the vacancy of both units makes it practical to establish a living arrangement quickly while aligning rental decisions to your preferences. For investors, the move-in-ready condition and immediate occupancy availability can reduce near-term renovation and turnover friction. The combination of updated interiors and expanded garage capacity supports a tenant-ready presentation for a wide range of residential income strategies.
Key Highlights
- 2‑family home built in 1908
- Both units are vacant for immediate occupancy or setting your own rents
- Remodeled kitchens with tile flooring and updated bathrooms with tiled tub surrounds
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 | $39.3k | $17.40 |
| − Vacancy | −$2.6k | −$1.13 |
| EGI | $36.8k | $16.27 |
| − OpEx | −$11.0k | −$4.88 |
| NOI | $25.7k | $11.39 |
