Renovated Two-Family
For Sale
$290,000
1142 Cutler Street, Schenectady, NY 12303
Fully renovated two-family home with investment potential in Schenectady.
Property Size2,004 SF
Price / SF$144.71
Days on Market101
Property Features for 1142 Cutler Street
General Information
Standard status
Active
Size
2,004 SF
Total Parking Spaces
6
Property subtype
Multi Family / Duplex
Taxes and HOA fees
Annual Taxes
$2,774
Amenities
Shingle
None, No
Baseboard, Forced Air, Yes
Full, Interior Entry
Vinyl, Tile, Laminate
Concrete Perimeter
Aluminum Siding
Yes
Building Details
Year Built
1910
Listing Agency:
Thompson Real Estate Team
(518) 930-1447
Listed By:
Shana Boodhoo · License #10401379503
(518) 930-1447
Source:
Compass
Added: May 3
Changed: Aug 10
Last Checked: Aug 10 at 9:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Thompson Real Estate Team
Investment Insights
Based on property information with market context.
This fully renovated two-family home in Schenectady offers modern living spaces and investment opportunities. The property features a lower unit with 4 bedrooms and 1 bathroom, and an upper unit with 3 bedrooms and 1 bathroom. The property includes ample off-street parking. Its location provides convenient access to local bus lines and shopping. The property is suitable as an addition to an investment portfolio or as an owner-occupied residence with rental income. The building size is 2004 square feet.
Key Highlights
- Fully renovated 2‑family home offering immediate occupancy.
- Excellent investment potential with a 4‑bed/1‑bath lower unit and a 3‑bed/1‑bath upper unit.
- Ample off‑street parking available.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,822
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$456,440
$456.4K
Cap Rate 7%
$326,029
$326.0K
Cap Rate 9%
$253,578
$253.6K
Market Conditions
NOI Build-Up for 2,004 SF
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.
Gross rent
$34.9K $17.40/SF
− Vacancy
−$2.3K −$1.13/SF
EGI
$32.6K $16.27/SF
− OpEx
−$9.8K −$4.88/SF
NOI
$22.8K $11.39/SF
Area
Schenectady County, NY
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$456,440
Cap Rate 7%
$326,029
Cap Rate 9%
$253,578
Alternative Uses
Best Use
Multifamily LT 5
$326.0K
$285.3K – $380.4K
NOI $22,822 @ 7.0% cap · market cap 7.87%
Second Best
Apartment 5plus
$292.4K
$255.9K – $341.2K
NOI $20,470 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$599.8K
$524.9K – $699.8K
NOI $41,988 @ 7.0% cap · market cap 14.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
422
Businesses Nearby
Explore this area
Business Placement
Demographics for 12303, NY
30,893
Population
12,533
Households
2.5
Avg Household Size
41
Median Age
35%
College-Educated
90%
High-School Grad
15.6 sq mi
ZIP Area
1,980
Density / Sq Mi
$77,615
Median Household Income
$50,051
Median Earnings
$1,120
Median Rent
$227,500
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 - Fully renovated two-family home with investment potential in Schenectady.
Where is this duplex located?
The property is located at 1142 Cutler Street Schenectady, NY.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Fully renovated 2‑family home offering immediate occupancy.; Excellent investment potential with a 4‑bed/1‑bath lower unit and a 3‑bed/1‑bath upper unit.; Ample off‑street parking available.
