Duplex with Fenced
New
For Sale
$275,000
13 John Street, Schenectady, NY 12305
Fully occupied two-family property with separate residences and outdoor space in Schenectady’s Historic Stockade District.
Property Size2,240 SF
Price / SF$122.77
Days on Market7
Property Features for 13 John Street
General Information
Standard status
Active
Size
2,240 SF
Property subtype
Multi-family
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
fully fenced-in yard
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Realty One Group Key
Listed By:
Teresa R Gitto
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Aug 17
Changed: Aug 21
Last Checked: Aug 22 at 9:53AM
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 Realty One Group Key
Investment Insights
Based on property information with market context.
This fully occupied duplex contains two residences, each configured with two bedrooms and one full bathroom. The property provides 2,240 square feet of living space, a fenced yard, and a construction date of 1900. Both units are already rented, offering an established two-family configuration for an owner seeking residential income property.
The property is located at 13 John Street in Schenectady’s Historic Stockade District. Rivers Casino & Resort, Union College, downtown Schenectady shops, and dining are all described as nearby, placing the duplex within reach of established local destinations.
The property is located at 13 John Street in Schenectady’s Historic Stockade District. Rivers Casino & Resort, Union College, downtown Schenectady shops, and dining are all described as nearby, placing the duplex within reach of established local destinations.
Key Highlights
- Two‑family duplex with 2 bedrooms and 1 full bathroom in each residence
- 2,240 sq. ft. of total living space
- Fully occupied with both residences rented
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
$22,881
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
8.32%
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%
$457,620
$457.6K
Cap Rate 7%
$326,871
$326.9K
Cap Rate 9%
$254,233
$254.2K
Market Conditions
NOI Build-Up for 2,240 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
$44.4K $19.80/SF
− Vacancy
−$2.7K −$1.23/SF
EGI
$41.6K $18.57/SF
− OpEx
−$18.7K −$8.36/SF
NOI
$22.9K $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 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%
$457,620
Cap Rate 7%
$326,871
Cap Rate 9%
$254,233
Alternative Uses
Best Use
Multifamily LT 5
$364.4K
$318.9K – $425.2K
NOI $25,510 @ 7.0% cap · market cap 9.28%
Second Best
Apartment 5plus
$326.9K
$286.0K – $381.4K
NOI $22,881 @ 7.0% cap · market cap 8.32%
Theoretical Best
Office A
$670.5K
$586.7K – $782.2K
NOI $46,932 @ 7.0% cap · market cap 17.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,898
Businesses Nearby
Explore this area
Business Placement
Demographics for 12305, NY
6,085
Population
4,103
Households
1.5
Avg Household Size
37
Median Age
34%
College-Educated
88%
High-School Grad
1.5 sq mi
ZIP Area
4,057
Density / Sq Mi
$50,308
Median Household Income
$34,228
Median Earnings
$1,067
Median Rent
$162,500
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 occupied two-family property with separate residences and outdoor space in Schenectady’s Historic Stockade District.
Where is this duplex located?
The property is located at 13 John Street Schenectady, NY.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two‑family duplex with 2 bedrooms and 1 full bathroom in each residence; 2,240 sq. ft. of total living space; Fully occupied with both residences rented
