Updated Three-Family
1109 Glenwood Boulevard, Schenectady, NY 12308
For Sale
$435,000
Pending
Residential Income, Schenectady, NY
Property Size3,632 SF
Lot Size0.15 Acres
Days on Market97
Property Features for 1109 Glenwood Boulevard
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Water source
Amenities
covered front porch
basement laundry
walk-up attic
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Miranda Real Estate Group Inc
Listed By:
Moonrani G Gumani · License NY #10401352209
(518) 356-1701
Added: Aug 5
Changed: Oct 26
Last Checked: Nov 9 at 11:06PM
MLS# 11922281
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.
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Investment Insights
Based on property information with market context.
This 1890 three-family residence contains 3,632 square feet and 12 rooms, with period detailing complemented by updated kitchens featuring stone countertops, tile backsplashes, and stainless appliances. Hardwood floors, crown molding, recessed lighting, and tiled bathrooms with glass shower enclosures continue throughout the living areas. Each unit has separately metered electric and gas service, while tenants are responsible for electricity, heat, and hot water. Natural gas heating, public water and sewer, vinyl siding, and an unfinished basement with laundry add practical functionality.
The property occupies 0.15 acres on Glenwood Boulevard in Schenectady's Upper Union Street area, near the GE Realty Plot, Union College, Ellis Hospital, and downtown. Exterior features include a covered front porch, level lot, deep yard, detached one-car garage, and driveway parking for three vehicles. A walk-up attic provides additional unfinished space.
The property occupies 0.15 acres on Glenwood Boulevard in Schenectady's Upper Union Street area, near the GE Realty Plot, Union College, Ellis Hospital, and downtown. Exterior features include a covered front porch, level lot, deep yard, detached one-car garage, and driveway parking for three vehicles. A walk-up attic provides additional unfinished space.
Key Highlights
- 3,632 square feet with 12 rooms in a 1890 three‑family residence
- 0.15‑acre level lot with deep yard and covered front porch
- Separate utilities include 3 electric meters and 3 gas meters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,100
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$742,000
$742.0K
Cap Rate 7%
$530,000
$530.0K
Cap Rate 9%
$412,222
$412.2K
Market Conditions
NOI Build-Up for 3,632 SF
Gross rent
$71.9K $19.80/SF
− Vacancy
−$4.5K −$1.23/SF
EGI
$67.5K $18.57/SF
− OpEx
−$30.4K −$8.36/SF
NOI
$37.1K $10.21/SF
Area
Schenectady County, NY
Vacancy
6.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$742,000
Cap Rate 7%
$530,000
Cap Rate 9%
$412,222
Alternative Uses
Best Use
Multifamily LT 5
$590.9K
$517.0K – $689.4K
NOI $41,362 @ 7.0% cap · market cap 9.51%
Second Best
Apartment 5plus
$530.0K
$463.8K – $618.3K
NOI $37,100 @ 7.0% cap · market cap 8.53%
Theoretical Best
Office A
$1.09M
$951.2K – $1.27M
NOI $76,098 @ 7.0% cap · market cap 17.49%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,075
Businesses Nearby
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Business Placement
Demographics for 12308, NY
15,285
Population
6,442
Households
2.4
Avg Household Size
31
Median Age
29%
College-Educated
89%
High-School Grad
2.3 sq mi
ZIP Area
6,646
Density / Sq Mi
$59,789
Median Household Income
$35,966
Median Earnings
$1,159
Median Rent
$180,100
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Schenectady, NY
Properties on Market for Triplexes in Schenectady
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Historic multifamily property with renovated interiors, separate utilities, basement laundry, and private outdoor space.
Where is this triplex located?
The property is located at 1109 Glenwood Boulevard Schenectady, NY.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: 3,632 square feet with 12 rooms in a 1890 three‑family residence; 0.15‑acre level lot with deep yard and covered front porch; Separate utilities include 3 electric meters and 3 gas meters
