1066-1068 Hegeman Street, Schenectady, NY 12306
MULTI_FAMILY - Other - Schenectady, NY
- Added:
- Apr 29, 2026
- Days on Market:
- 52
- Last Refresh:
- Jun 19 at 6:06 am
Property Features for 1066-1068 Hegeman Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 1
- Parking
- 1
- Parking features
- Driveway
- Window features
- Double Pane Windows
- Patio and Porch features
- Porch
- Interior features
- Paddle Fan, High Speed Internet
- Basement
- Full
- Standard status
- Active
- APN
- 421500 48.76-1-54.1
- Size
- 1,660 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5519
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating), Natural Gas, Baseboard
- Water source
- Public
Building Details
- Year built
- 1900
- Number of units
- 2
- Flooring type
- Linoleum, Vinyl, Carpet
- Building materials
- Vinyl Siding
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Jennifer Mentiply License #10491212080 (518) 369-4545
Listing office Renovo Real Estate 1490 Saratoga Rd Ste 5, Ballston Spa, NY (518) 288-3349
Listing date Apr 29, 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.
HighLights
- Two‑family home built in 1900 with two units, each offering 2 bedrooms and 1 full bath
- Separate utilities for each unit
- Updates include newer flooring, updated bathrooms, fresh paint, and vinyl windows
- 6‑year‑old furnace and 6‑year‑old hot water heater
- Laundry hookups in the basement for both units
- Public water and public sewer; asphalt shingle roof; driveway parking; front porches and private backyard
Overview
The property is located at 1066-1068 Hegeman Street in Schenectady, New York, within Schenectady County. The lot is listed at 0.13 acres, and the total building size is provided as 1,660 square feet.
For buyers, this layout can support either owner-occupancy with a separate second unit or acquisition as a residential income property, since each unit is set up with its own utilities. The combination of in-place updates and functional unit separation may be attractive for tenants who prefer privacy, while the walk-up attic access gives flexibility for future use within the upper 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
- -73.963407
- Latitude
- 42.792819
