2-Unit Duplex with
1459-1461 Fern Avenue, Schenectady, NY 12306
For Sale
New
$325,000
Pending
MultiFamily, Schenectady, NY
Property Size2,280 SF
Lot Size0.31 Acres
Days on Market2
Property Features for 1459-1461 Fern Avenue
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Patio and Porch features
Interior features
Exterior features
Fencing
Basement
Subdivision
Lot features
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Annual Amount
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
fenced backyard
full basement
shed
first floor laundry
deck
skylights
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
Romeo Team Realty
(518) 978-0916
Listed By:
Erin Miller · License NY #10301218186
(518) 222-4590
Added: Nov 14
Changed: Nov 15
Last Checked: Nov 15 at 5:06PM
MLS# 202630085
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1991 ranch-style duplex contains 2,280 square feet across two side-by-side residences. Each unit has two bedrooms, one full bathroom, a living room, dining area, and first-floor laundry. Both residences have a deck, and the property also includes attached garages, a full basement, and a backyard shed. The 0.31-acre parcel has a fenced backyard.
A neighborhood playground and park are a two-minute walk away. The property is in the Mohonasen School District. Gas and electric service are separately metered for the units.
A neighborhood playground and park are a two-minute walk away. The property is in the Mohonasen School District. Gas and electric service are separately metered for the units.
Key Highlights
- Two side‑by‑side units, each with 2 bedrooms and 1 full bathroom
- 2,280‑square‑foot duplex on a 0.31‑acre parcel
- Attached garages, full basement, and backyard shed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,965
Cap Rate
7.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$519,300
$519.3K
Cap Rate 7%
$370,929
$370.9K
Cap Rate 9%
$288,500
$288.5K
Market Conditions
NOI Build-Up for 2,280 SF
Gross rent
$39.7K $17.40/SF
− Vacancy
−$2.6K −$1.13/SF
EGI
$37.1K $16.27/SF
− OpEx
−$11.1K −$4.88/SF
NOI
$26.0K $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%
$519,300
Cap Rate 7%
$370,929
Cap Rate 9%
$288,500
Alternative Uses
Best Use
Multifamily LT 5
$370.9K
$324.6K – $432.8K
NOI $25,965 @ 7.0% cap · market cap 7.99%
Second Best
Apartment 5plus
$332.7K
$291.1K – $388.2K
NOI $23,290 @ 7.0% cap · market cap 7.17%
Theoretical Best
Office A
$682.4K
$597.1K – $796.2K
NOI $47,771 @ 7.0% cap · market cap 14.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
147
Businesses Nearby
Explore this area
Business Placement
Demographics for 12306, NY
26,935
Population
12,481
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
94%
High-School Grad
43.9 sq mi
ZIP Area
614
Density / Sq Mi
$80,583
Median Household Income
$46,702
Median Earnings
$1,221
Median Rent
$212,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Schenectady, NY
Properties on Market for Duplexes in Schenectady
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate gas and electric meters serve the two residences.
Where is this duplex located?
The property is located at 1459-1461 Fern Avenue Schenectady, NY.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two side‑by‑side units, each with 2 bedrooms and 1 full bathroom; 2,280‑square‑foot duplex on a 0.31‑acre parcel; Attached garages, full basement, and backyard shed
