5-Unit Income Apartment
For Sale
$550,000
145 Front Street, Schenectady, NY 12305
Five-unit apartment building with four studio units and one one-bedroom unit, with owner-paid heat and hot water.
Property Size2,844 SF
Price / SF$193.39
Days on Market196
Property Features for 145 Front Street
General Information
Standard status
Active
Size
2,844 SF
Property subtype
Multi-family
Additional Details
Business Included
No
Multifamily Units
5
Building Details
Year Built
1912
Tenancy
Multi
Listing Agency:
Lincoln House Realty
Listed By:
John Alund
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Mar 24
Changed: Oct 4
Last Checked: Oct 4 at 9:55AM
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 Lincoln House Realty
Investment Insights
Based on property information with market context.
Located in Schenectady’s historic Stockade District, 145 Front Street is a well-positioned 5-unit investment property featuring four studio apartments and one 1-bedroom unit. The ownership structure includes paying for heat and hot water, while tenants are responsible for their own electric and cooking gas.
The property is situated outside of a flood zone. It is also just minutes from downtown Schenectady, Rivers Casino, Mohawk Harbor, restaurants, and major employers, supporting consistent rental demand in the Capital Region’s Stockade District.
This multifamily asset offers a straightforward unit mix for income generation, with studio-heavy occupancy and one additional one-bedroom apartment.
The property is situated outside of a flood zone. It is also just minutes from downtown Schenectady, Rivers Casino, Mohawk Harbor, restaurants, and major employers, supporting consistent rental demand in the Capital Region’s Stockade District.
This multifamily asset offers a straightforward unit mix for income generation, with studio-heavy occupancy and one additional one-bedroom apartment.
Key Highlights
- 5‑unit apartment building built in 1912 in Schenectady’s historic Stockade District
- Unit mix: four studio apartments plus one 1‑bedroom unit
- Heat and hot water are owner‑paid; tenants pay their own electric and cooking gas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,051
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$581,020
$581.0K
Cap Rate 7%
$415,014
$415.0K
Cap Rate 9%
$322,789
$322.8K
Market Conditions
NOI Build-Up for 2,844 SF
Gross rent
$56.3K $19.80/SF
− Vacancy
−$3.5K −$1.23/SF
EGI
$52.8K $18.57/SF
− OpEx
−$23.8K −$8.36/SF
NOI
$29.1K $10.21/SF
Area
Schenectady County, NY
Vacancy
6.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$581,020
Cap Rate 7%
$415,014
Cap Rate 9%
$322,789
Alternative Uses
Best Use
Apartment 5plus
$415.0K
$363.1K – $484.2K
NOI $29,051 @ 7.0% cap · market cap 5.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$851.2K
$744.8K – $993.1K
NOI $59,587 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
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?
Apartment building - Five-unit apartment building with four studio units and one one-bedroom unit, with owner-paid heat and hot water.
Where is this apartment building located?
The property is located at 145 Front Street Schenectady, NY.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 5‑unit apartment building built in 1912 in Schenectady’s historic Stockade District; Unit mix: four studio apartments plus one 1‑bedroom unit; Heat and hot water are owner‑paid; tenants pay their own electric and cooking gas
