Quadplex with Updated
For Sale
$319,000
134 Front Street, Schenectady, NY 12305
Four separately arranged residences each have a kitchen and full bath, with updated kitchens and bathrooms throughout.
Property Size2,186 SF
Price / SF$145.93
Days on Market26
Property Features for 134 Front Street
General Information
Standard status
Active
Size
2,186 SF
Property subtype
Multi Family Home
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$5,487
Building Details
Building Size
2,186 SF
Year Built
1984
Listing Agency:
Miranda Real Estate Group Inc
Listed By:
Moonrani Gumani · License #10401352209
(518) 356-1701
Source:
Crystinandcorealty
Added: Oct 7
Changed: Oct 30
Last Checked: Oct 29 at 8:13PM
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 Miranda Real Estate Group Inc
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Investment Insights
Based on property information with market context.
This 2,186-square-foot quadplex contains four separate residences, each with its own kitchen and full bath. Updated kitchens and bathrooms complement original tin ceilings and period detailing. Built in 1984, the property combines these interior features across a four-unit configuration.
The building is at 134 Front Street in Schenectady’s Stockade District, near downtown dining, the waterfront, and SUNY Schenectady. The neighborhood is described as being along the Mohawk River. A total potential gross cap rate of 13.82% is stated for the property.
The building is at 134 Front Street in Schenectady’s Stockade District, near downtown dining, the waterfront, and SUNY Schenectady. The neighborhood is described as being along the Mohawk River. A total potential gross cap rate of 13.82% is stated for the property.
Key Highlights
- Four separate residential units in a 2,186‑square‑foot building
- Potential gross cap rate of 13.82%
- Each residence has a kitchen and full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,895
Cap Rate
7.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$497,900
$497.9K
Cap Rate 7%
$355,643
$355.6K
Cap Rate 9%
$276,611
$276.6K
Market Conditions
NOI Build-Up for 2,186 SF
Gross rent
$38.0K $17.40/SF
− Vacancy
−$2.5K −$1.13/SF
EGI
$35.6K $16.27/SF
− OpEx
−$10.7K −$4.88/SF
NOI
$24.9K $11.39/SF
Area
Schenectady County, NY
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$497,900
Cap Rate 7%
$355,643
Cap Rate 9%
$276,611
Alternative Uses
Best Use
Multifamily LT 5
$355.6K
$311.2K – $414.9K
NOI $24,895 @ 7.0% cap · market cap 7.80%
Second Best
Apartment 5plus
$319.0K
$279.1K – $372.2K
NOI $22,330 @ 7.0% cap · market cap 7.00%
Theoretical Best
Office A
$654.3K
$572.5K – $763.4K
NOI $45,801 @ 7.0% cap · market cap 14.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,765
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Four separately arranged residences each have a kitchen and full bath, with updated kitchens and bathrooms throughout.
Where is this quadplex located?
The property is located at 134 Front Street Schenectady, NY.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: Four separate residential units in a 2,186‑square‑foot building; Potential gross cap rate of 13.82%; Each residence has a kitchen and full bath
