1066-1068 Hegeman Street, Schenectady, NY 12306
Well-maintained two-unit home with separate utilities, updates throughout, and a walk-up attic for potential expansion.
- Added:
- Jun 3, 2026
- Days on Market:
- 32
- Last Refresh:
- Jun 27 at 2:10 am
Property Features for 1066-1068 Hegeman Street
General Information
- Standard status
- Active
- Size
- 1,660 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing office Renovo Real Estate
Listing date Jun 3, 2026
Source Signatureonerealtygroup
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All listing content including descriptions, pricing, images are the copyrighted material of Renovo Real Estate
HighLights
- Well‑maintained two‑family home (built 1900) with 2 bedrooms and 1 full bath in each unit
- Separate utilities for each unit
- Numerous updates including newer flooring, updated bathrooms, fresh paint, and vinyl windows
- 6‑year‑old furnace and hot water heater
- Upper unit includes access to a walk‑up attic for potential additional finished space
- Laundry hookups in the basement for both units
Overview
The upper unit includes access to a walk-up attic that may provide an opportunity for additional finished space. The property also includes a front porch for each unit and a private backyard for outdoor use.
This setup can work well for an owner-occupant seeking rental income to offset expenses, or for an investor looking for a residential income property with independent utility arrangements. With the updates already described, the home provides a practical, functional configuration for continued rental use or owner-occupied living with an additional unit.
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 | $28.9k | $17.40 |
| − Vacancy | −$1.9k | −$1.13 |
| EGI | $27.0k | $16.27 |
| − OpEx | −$8.1k | −$4.88 |
| NOI | $18.9k | $11.39 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Schenectady
- County
- Schenectady
- State
- New York
- Longitude
- -73.9631292
- Latitude
- 42.7928022
