Duplex with Separate
For Sale
$239,000
Pending
1315 Van Cortland St, Schenectady, NY 12303
Well-maintained two-family home with separate utilities, a yard and full basement, plus occupied first floor unit and vacant second floor unit.
Property Size1,360 SF
Days on Market61
Property Features for 1315 Van Cortland St
General Information
Standard status
Pending
Size
1,360 SF
Property subtype
Residential Income
Listing Agency:
Monticello
(518) 728-0614
Listed By:
Dina Coluccio
(518) 728-0614
Source:
Exprealty
Added: Jun 5
Changed: Jul 31
Last Checked: Jul 31 at 6:06AM
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 Monticello
Investment Insights
Based on property information with market context.
This well-maintained two-family duplex offers separate utilities and a functional split between an occupied first-floor unit and a vacant second-floor unit. The first-floor unit features three bedrooms and one full bath and is occupied by long-term tenants on a month-to-month basis. The second-floor unit includes two bedrooms and one full bath, with a spacious living room and an eat-in kitchen, making it suitable for an owner occupant or an additional rental layout.
Additional exterior and interior amenities include a yard, a deck, a full basement, and a new front porch. The property is located on a quiet residential street in Schenectady’s 12303 area, surrounded by owner-occupied homes, and it’s convenient to shopping, restaurants, schools, and major routes.
Rivers Casino is about an 8-minute drive away, which may support short-stay planning for the right setup. With both units configured for straightforward living, the property provides flexibility for rental income and potential occupancy options.
Additional exterior and interior amenities include a yard, a deck, a full basement, and a new front porch. The property is located on a quiet residential street in Schenectady’s 12303 area, surrounded by owner-occupied homes, and it’s convenient to shopping, restaurants, schools, and major routes.
Rivers Casino is about an 8-minute drive away, which may support short-stay planning for the right setup. With both units configured for straightforward living, the property provides flexibility for rental income and potential occupancy options.
Key Highlights
- 1360 SF two‑family duplex
- First‑floor unit: 3 bedrooms and 1 full bath, occupied on a month‑to‑month basis
- Second‑floor unit: 2 bedrooms and 1 full bath, vacant and ready for an owner occupant
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 | $23.7k | $17.40 |
| − Vacancy | −$1.5k | −$1.13 |
| EGI | $22.1k | $16.27 |
| − OpEx | −$6.6k | −$4.88 |
| NOI | $15.5k | $11.39 |
1,360 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$221.3K
$193.6K – $258.1K
NOI $15,488 @ 7.0% cap · market cap 6.48%
Second Best
Apartment 5plus
$198.5K
$173.7K – $231.5K
NOI $13,892 @ 7.0% cap · market cap 5.81%
Theoretical Best
Office A
$407.1K
$356.2K – $474.9K
NOI $28,495 @ 7.0% cap · market cap 11.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
548
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
Properties on Market for Duplexes in Schenectady
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 - Well-maintained two-family home with separate utilities, a yard and full basement, plus occupied first floor unit and vacant second floor unit.
Where is this duplex located?
The property is located at 1315 Van Cortland St Schenectady, NY.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: 1360 SF two‑family duplex; First‑floor unit: 3 bedrooms and 1 full bath, occupied on a month‑to‑month basis; Second‑floor unit: 2 bedrooms and 1 full bath, vacant and ready for an owner occupant
