Quadplex with Updated
For Sale
$319,000
134 Front Street, Schenectady, NY 12305
Residential Income, Schenectady, NY
Property Size2,186 SF
Lot Size0.11 Acres
Price / SF$145.93
Days on Market107
Property Features for 134 Front Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 1, Bedroom 4, Bathroom 4, Bathroom 2, Bedroom 3
Patio and Porch features
Porch
Fencing
Fenced
High school district
000000
Directions
Follow Erie Boulevard north into downtown Schenectady, then turn left onto Front Street into the Stockade Historic District. Continue to 134 Front Street.
Standard status
Active
APN
421500 39.55-3-15
Size
2,186 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
5487
Utilities
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1984
Number of units
4
Flooring type
Hardwood, Tile, Vinyl
Building materials
Vinyl Siding
Roof type
Asphalt
Listing Agency:
Miranda Real Estate Group Inc
(518) 356-1701
Listed By:
Moonrani G Gumani · License #10401352209
(201) 238-4972
Added: Jun 30
Changed: Oct 10
Last Checked: Oct 14 at 8:06PM
MLS# 11864649
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,186-square-foot quadplex contains four separate residential units, each arranged with its own kitchen and full bathroom. Updated kitchens and baths are paired with original tin ceilings and period detailing, while hardwood, vinyl, and tile flooring provide varied interior finishes. The building has vinyl siding, natural-gas heat, an asphalt roof, and a porch, with public water service and fenced grounds.
Set on 0.11 acres at 134 Front Street in Schenectady’s Stockade District, the property is positioned near downtown dining, the waterfront, and SUNY Schenectady. The neighborhood is identified in the source material as the city’s oldest and is described as walkable, with the Mohawk River nearby. The property was built in 1984 and is offered as an assignment of contract.
Set on 0.11 acres at 134 Front Street in Schenectady’s Stockade District, the property is positioned near downtown dining, the waterfront, and SUNY Schenectady. The neighborhood is identified in the source material as the city’s oldest and is described as walkable, with the Mohawk River nearby. The property was built in 1984 and is offered as an assignment of contract.
Key Highlights
- 2,186‑square‑foot building with four separate residential units
- 13.82% total potential gross cap rate
- Each unit includes a kitchen and full bathroom
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.
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,765
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four independent units feature private kitchens, full baths, and a blend of original details with refreshed finishes.
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: 2,186‑square‑foot building with four separate residential units; 13.82% total potential gross cap rate; Each unit includes a kitchen and full bathroom
