Two-Family Residential Income
1214 5th Avenue Schenectady, NY 12303
1214 5th Avenue, Schenectady, NY, 12303
$167,500
Pending
For Sale
$167,500
Pending
Two separate units with separate utilities, including ranges and refrigerators in each unit, with downstairs vacant.
Property Size1,168 SF
Days on Market39
Property Features for 1214 5th Avenue
General Information
- Standard status
- Pending
- Size
- 1,168 SF
- Property subtype
- Multi Family / Duplex
Building Details
- Year Built
- 1940
Listing agency
Howard Hanna Capital Inc
(518) 356-2779
Listed by
George T Tomaselli · License #30TO0245901
(518) 356-2779
Source
Compass
Added: Jun 14 Updated: Jul 21 at 3:02PM Checked: Jul 21 at 3:02PM
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 Howard Hanna Capital Inc
Investment Insights
Based on property information with market context.
This two-family residential income property offers separate utilities for each unit. The downstairs unit is currently vacant, providing immediate possession for a new owner. The home is set up with a range and refrigerator in both the upstairs and downstairs units.
The property may be purchased as a two-family investment, or it can be used for owner occupancy. With the flexible layout, it may also serve as a single-family home with an in-law arrangement, or as a single-family configuration with three bedrooms and two bathrooms.
Seller indicates easy to show, and the property can accommodate multiple living scenarios depending on how the buyer intends to occupy or rent the units.
The property may be purchased as a two-family investment, or it can be used for owner occupancy. With the flexible layout, it may also serve as a single-family home with an in-law arrangement, or as a single-family configuration with three bedrooms and two bathrooms.
Seller indicates easy to show, and the property can accommodate multiple living scenarios depending on how the buyer intends to occupy or rent the units.
Key Highlights
- Two separate units with separate utilities, with downstairs currently vacant
- Includes range and refrigerator in each unit
- Immediate possession and easy to show
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 | $20.3k | $17.40 |
| − Vacancy | −$1.3k | −$1.13 |
| EGI | $19.0k | $16.27 |
| − OpEx | −$5.7k | −$4.88 |
| NOI | $13.3k | $11.39 |
1,168 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$190.0K
$166.3K – $221.7K
NOI $13,302 @ 7.0% cap · market cap 7.94%
Second Best
Apartment 5plus
$170.4K
$149.1K – $198.9K
NOI $11,931 @ 7.0% cap · market cap 7.12%
Theoretical Best
Office A
$349.6K
$305.9K – $407.9K
NOI $24,472 @ 7.0% cap · market cap 14.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two separate units with separate utilities, including ranges and refrigerators in each unit, with downstairs vacant.
Where is this duplex located?
The property is located at 1214 5th Avenue Schenectady, NY.
What is the asking price?
The asking price for this property is $167,500.
What are key features of this property?
This property features: Two separate units with separate utilities, with downstairs currently vacant; Includes range and refrigerator in each unit; Immediate possession and easy to show
