Two-Family Duplex with Updated
For Sale
$239,900
Pending
1066-1068 Hegeman Street, Schenectady, NY 12306
MULTI_FAMILY - Other - Schenectady, NY
Property Size1,660 SF
Lot Size0.13 Acres
Days on Market97
Property Features for 1066-1068 Hegeman Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 2, 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
Lot features
Cleared
High school
Schenectady
Elementary school district
Schenectady
Middle school district
Schenectady
High school district
Schenectady
Directions
Guilderland Ave to Hegeman St on right
Standard status
Pending
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, Carpet, Vinyl
Building materials
Vinyl Siding
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Renovo Real Estate
(518) 288-3349
Listed By:
Jennifer Mentiply · License #10491212080
(518) 369-4545
Added: Apr 29
Changed: Jul 24
Last Checked: Aug 3 at 12:06PM
MLS# 202616059
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.
This well-maintained two-family duplex offers two separate units, with each featuring two bedrooms and one full bath. The homes have been updated with newer flooring, updated bathrooms, fresh paint, and vinyl windows, and the property has a furnace and hot water heater reported as about six years old. Each unit includes its own laundry hookups in the basement, supporting independent daily use. The upper unit provides access to a walk-up attic, which may offer room for additional finished space. Outdoor space includes a front porch for each unit and a private backyard for shared enjoyment.
Located in Schenectady, this property is addressed at 1066-1068 Hegeman Street. Lot size is listed at 0.13 acres, with a total building size of 1,660 square feet.
The layout is well suited to an owner-occupant who wants separate utilities and dedicated unit space, or to an investor seeking a straightforward two-unit configuration. With separate utilities, multiple recent interior improvements, and laundry hookups for both units, the property is positioned for convenient occupancy and manageable maintenance. The walk-up attic access in the upper unit can be an additional consideration for buyers exploring expansion within the existing structure.
Located in Schenectady, this property is addressed at 1066-1068 Hegeman Street. Lot size is listed at 0.13 acres, with a total building size of 1,660 square feet.
The layout is well suited to an owner-occupant who wants separate utilities and dedicated unit space, or to an investor seeking a straightforward two-unit configuration. With separate utilities, multiple recent interior improvements, and laundry hookups for both units, the property is positioned for convenient occupancy and manageable maintenance. The walk-up attic access in the upper unit can be an additional consideration for buyers exploring expansion within the existing structure.
Key Highlights
- Two‑family home with 2 bedrooms and 1 full bath in each unit
- Separate utilities for each unit
- Numerous updates including newer flooring, updated bathrooms, and fresh paint
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 |
1,660 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$270.1K
$236.3K – $315.1K
NOI $18,905 @ 7.0% cap · market cap 7.88%
Second Best
Apartment 5plus
$242.2K
$212.0K – $282.6K
NOI $16,957 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$496.9K
$434.8K – $579.7K
NOI $34,780 @ 7.0% cap · market cap 14.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
470
Businesses Nearby
Explore this area
Business Placement
Demographics for 12306, NY
26,935
Population
12,481
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
94%
High-School Grad
43.9 sq mi
ZIP Area
614
Density / Sq Mi
$80,583
Median Household Income
$46,702
Median Earnings
$1,221
Median Rent
$212,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained two-family home with separate utilities, updated interiors, and an attic walk-up for possible expansion.
Where is this duplex located?
The property is located at 1066-1068 Hegeman Street Schenectady, NY.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Two‑family home with 2 bedrooms and 1 full bath in each unit; Separate utilities for each unit; Numerous updates including newer flooring, updated bathrooms, and fresh paint
