Two-Unit Residential Income
1414 Chrisler Avenue Schenectady, NY 12303
For Sale
$249,900
Affordable two-family home with four total bedrooms and updates, including a vacant first floor.
Property Size1,820 SF
Price / SF$137.31
Days on Market123
Property Features for 1414 Chrisler Avenue
General Information
- Standard status
- Active
- Size
- 1,820 SF
- Property subtype
- Multi Family / Duplex
Building Details
- Year Built
- 1920
Listing Agency:
Scorzafava Real Estate Group LLC
(518) 847-7962
Listed By:
Scott Scorzafava · License #10491210709
(518) 847-7962
Source:
Compass
Added: Mar 24
Changed: Jul 23
Last Checked: Jul 23 at 8:03AM
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 Scorzafava Real Estate Group LLC
Investment Insights
Based on property information with market context.
This two-family residential income property offers a 2-bedroom unit over a 2-bedroom unit. The first-floor unit is currently vacant, providing the opportunity to move in, while the second-floor unit is described as having very low rent. Public remarks also note that there have been many updates throughout the home.
The property is located in the City of Schenectady and is described as close to shopping, restaurants, schools, parks, and a bus line, supporting convenient access to daily needs and transportation.
Overall, the building provides two separate residential units with a straightforward 2-over-2 bedroom layout, with updated improvements as noted in the remarks.
The property is located in the City of Schenectady and is described as close to shopping, restaurants, schools, parks, and a bus line, supporting convenient access to daily needs and transportation.
Overall, the building provides two separate residential units with a straightforward 2-over-2 bedroom layout, with updated improvements as noted in the remarks.
Key Highlights
- Two‑family home with 2 bedrooms on the first floor and 2 bedrooms on the second floor (4 total bedrooms)
- First‑floor unit is vacant, offering an immediate move‑in option
- Year built: 1920; full basement; full attic
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 | $31.7k | $17.40 |
| − Vacancy | −$2.1k | −$1.13 |
| EGI | $29.6k | $16.27 |
| − OpEx | −$8.9k | −$4.88 |
| NOI | $20.7k | $11.39 |
1,820 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$296.1K
$259.1K – $345.5K
NOI $20,727 @ 7.0% cap · market cap 8.29%
Second Best
Apartment 5plus
$265.6K
$232.4K – $309.9K
NOI $18,591 @ 7.0% cap · market cap 7.44%
Theoretical Best
Office A
$544.8K
$476.7K – $635.6K
NOI $38,133 @ 7.0% cap · market cap 15.26%
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 - Affordable two-family home with four total bedrooms and updates, including a vacant first floor.
Where is this duplex located?
The property is located at 1414 Chrisler Avenue Schenectady, NY.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Two‑family home with 2 bedrooms on the first floor and 2 bedrooms on the second floor (4 total bedrooms); First‑floor unit is vacant, offering an immediate move‑in option; Year built: 1920; full basement; full attic
