Two-Family Residence with Third
131 Furman Street Schenectady, NY 12304
For Sale
$310,000
Two-family home with two full floors and a private third-floor owner's suite, currently producing rental income.
Property Size2,330 SF
Price / SF$133.05
Days on Market31
Property Features for 131 Furman Street
General Information
- Standard status
- Active
- Size
- 2,330 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing Agency:
Dufek Real Estate Group,LLC
Listed By:
Michael Dufek
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Jun 23
Changed: Jul 23
Last Checked: Jul 23 at 4:02AM
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 Dufek Real Estate Group,LLC
Investment Insights
Based on property information with market context.
This for-sale two-family residence offers two full floors of living space plus a private third-floor owner’s suite, creating flexibility for either investment ownership or owner occupancy. The property is described as having long-term tenants, supporting an income-producing setup.
The home is located near the bus line and within reach of local dining, shopping, and downtown-area amenities, including Rivers Casino & Resort Schenectady.
Overall, the configuration provides separate floor-level living arrangements while keeping an on-site option through the third-floor suite.
The home is located near the bus line and within reach of local dining, shopping, and downtown-area amenities, including Rivers Casino & Resort Schenectady.
Overall, the configuration provides separate floor-level living arrangements while keeping an on-site option through the third-floor suite.
Key Highlights
- Two‑family home with two full floors plus a private third‑floor owner’s suite
- Currently producing rental income with long‑term tenants
- Year built: 1900
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 | $40.5k | $17.40 |
| − Vacancy | −$2.6k | −$1.13 |
| EGI | $37.9k | $16.27 |
| − OpEx | −$11.4k | −$4.88 |
| NOI | $26.5k | $11.39 |
2,330 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$379.1K
$331.7K – $442.3K
NOI $26,535 @ 7.0% cap · market cap 8.56%
Second Best
Apartment 5plus
$340.0K
$297.5K – $396.7K
NOI $23,801 @ 7.0% cap · market cap 7.68%
Theoretical Best
Office A
$697.4K
$610.2K – $813.6K
NOI $48,818 @ 7.0% cap · market cap 15.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-family home with two full floors and a private third-floor owner's suite, currently producing rental income.
Where is this duplex located?
The property is located at 131 Furman Street Schenectady, NY.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Two‑family home with two full floors plus a private third‑floor owner’s suite; Currently producing rental income with long‑term tenants; Year built: 1900
