Duplex with Rental
New
For Sale
$374,900
1189 Eastern Avenue, Schenectady, NY 12308
MultiFamily, Schenectady, NY
Property Size2,580 SF
Lot Size0.12 Acres
Price / SF$145.31
Days on Market4
Property Features for 1189 Eastern Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3
Patio and Porch features
Porch
Basement
Finished, Full
Lot features
Level
High school
Schenectady
Elementary school district
Schenectady
Middle school district
Schenectady
High school district
Schenectady
Directions
Take Union St to Brandywine and turn left onto Eastern Ave house on the right side
Standard status
Active
APN
421500 49.28-1-30
Size
2,580 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
6109
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1902
Number of units
2
Flooring type
Vinyl, Wood
Building materials
Aluminum Siding
Roof type
Slate
Listing Agency:
Berkshire Hathaway Home Services Blake · Berkshire Hathaway HomeServices
(518) 935-2555
Listed By:
Barry Griggs · License #10301218647
(347) 869-1205
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 22 at 7:06AM
MLS# 202628643
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.
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Investment Insights
Based on property information with market context.
This 2,580-square-foot duplex was built in 1902 and includes a first-floor apartment that generates rental income. The home has four bedrooms and two bathrooms, with vinyl and wood flooring, forced-air heat, and window-unit cooling. Exterior features include aluminum siding, a slate roof, and a porch.
The property occupies 0.12 acres on Eastern Avenue in Schenectady. Public water and sewer serve the site, and the location is near a bus line and local shopping.
The property occupies 0.12 acres on Eastern Avenue in Schenectady. Public water and sewer serve the site, and the location is near a bus line and local shopping.
Key Highlights
- 2,580‑square‑foot duplex built in 1902
- First‑floor apartment provides rental income
- Four bedrooms and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,382
Cap Rate
7.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$587,640
$587.6K
Cap Rate 7%
$419,743
$419.7K
Cap Rate 9%
$326,467
$326.5K
Market Conditions
NOI Build-Up for 2,580 SF
Gross rent
$44.9K $17.40/SF
− Vacancy
−$2.9K −$1.13/SF
EGI
$42.0K $16.27/SF
− OpEx
−$12.6K −$4.88/SF
NOI
$29.4K $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 Rate 5%
$587,640
Cap Rate 7%
$419,743
Cap Rate 9%
$326,467
Alternative Uses
Best Use
Multifamily LT 5
$419.7K
$367.3K – $489.7K
NOI $29,382 @ 7.0% cap · market cap 7.84%
Second Best
Apartment 5plus
$376.5K
$329.4K – $439.2K
NOI $26,354 @ 7.0% cap · market cap 7.03%
Theoretical Best
Office A
$772.2K
$675.7K – $900.9K
NOI $54,056 @ 7.0% cap · market cap 14.42%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
841
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A first-floor apartment provides rental income alongside the property's additional living space.
Where is this duplex located?
The property is located at 1189 Eastern Avenue Schenectady, NY.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: 2,580‑square‑foot duplex built in 1902; First‑floor apartment provides rental income; Four bedrooms and two bathrooms
