Two-Family Residential Income
For Sale
$239,900
1306 Santa Fe Street, Schenectady, NY 12303
Two-unit home with a private driveway, featuring a rented second floor and a first floor ready to move in.
Property Size1,488 SF
Price / SF$161.22
Days on Market21
Property Features for 1306 Santa Fe Street
General Information
Standard status
Active
Size
1,488 SF
Property subtype
Multi-family
Occupancy
50%
Additional Details
Multifamily Units
2
Amenities
private driveway
back yard
Building Details
Year Built
1940
Tenancy
Multi
Listing Agency:
Thompson Real Estate Team
Listed By:
Dyaram R Robert
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Jul 14
Changed: Jul 25
Last Checked: Aug 2 at 3:58PM
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 two-family residential income property includes two separate units within a single home. The second floor is currently rented, while the first floor is vacant and ready for occupancy. The property also offers a private driveway and a back yard.
The home is described as being located in a quiet area with access to a school, shops, and a bus line.
As offered, it presents a straightforward owner-occupant or investment setup, with one unit generating rental income and the other available immediately.
The home is described as being located in a quiet area with access to a school, shops, and a bus line.
As offered, it presents a straightforward owner-occupant or investment setup, with one unit generating rental income and the other available immediately.
Key Highlights
- Two‑family home built in 1940
- Second floor is rented; first floor is vacant and ready to move in
- Private driveway plus back yard
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 | $25.9k | $17.40 |
| − Vacancy | −$1.7k | −$1.13 |
| EGI | $24.2k | $16.27 |
| − OpEx | −$7.3k | −$4.88 |
| NOI | $16.9k | $11.39 |
1,488 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$242.1K
$211.8K – $282.4K
NOI $16,946 @ 7.0% cap · market cap 7.06%
Second Best
Apartment 5plus
$217.1K
$190.0K – $253.3K
NOI $15,200 @ 7.0% cap · market cap 6.34%
Theoretical Best
Office A
$445.4K
$389.7K – $519.6K
NOI $31,177 @ 7.0% cap · market cap 13.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
50%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
613
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit home with a private driveway, featuring a rented second floor and a first floor ready to move in.
Where is this duplex located?
The property is located at 1306 Santa Fe Street Schenectady, NY.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Two‑family home built in 1940; Second floor is rented; first floor is vacant and ready to move in; Private driveway plus back yard
