Four-Unit Residential Income
1521 Van Vranken Avenue Schenectady, NY 12308
1521 Van Vranken Avenue, Schenectady, NY, 12308
$379,000
For Sale
$379,000
Fully occupied 4-unit property on a bus line with current in-place rental income and a straightforward, easy-to-manage layout.
Property Size2,740 SF
Price / SF$138.32
Days on Market152
Property Features for 1521 Van Vranken Avenue
General Information
- Standard status
- Active
- Size
- 2,740 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1984
Listing agency
Berkshire Hathaway Home Services Blake
Listed by
Barry Griggs
(518) 639-4663
Source
Signatureonerealtygroup
Added: Feb 20 Updated: Jul 21 at 9:31PM Checked: Jul 21 at 9:31PM
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 Berkshire Hathaway Home Services Blake
Investment Insights
Based on property information with market context.
This fully occupied four-unit residential income property is offered for sale with tenants in place and in-place rental income. The building is described as well-maintained, with a straightforward layout designed to be practical to manage.
The property is located at 1521 Van Vranken Avenue in Schenectady, New York, and is situated directly on a bus line. The seller also notes it is within walking distance to everyday tenant conveniences.
With all units occupied, the property provides immediate cash flow from day one, and the asking price is presented as priced to sell.
The property is located at 1521 Van Vranken Avenue in Schenectady, New York, and is situated directly on a bus line. The seller also notes it is within walking distance to everyday tenant conveniences.
With all units occupied, the property provides immediate cash flow from day one, and the asking price is presented as priced to sell.
Key Highlights
- 4‑unit property built in 1984
- Fully occupied with tenants already in place for in‑place rental income
- Located directly on a bus line
Local 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 | $47.7k | $17.40 |
| − Vacancy | −$3.1k | −$1.13 |
| EGI | $44.6k | $16.27 |
| − OpEx | −$13.4k | −$4.88 |
| NOI | $31.2k | $11.39 |
2,740 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$445.8K
$390.1K – $520.1K
NOI $31,204 @ 7.0% cap · market cap 8.23%
Second Best
Apartment 5plus
$399.8K
$349.9K – $466.5K
NOI $27,989 @ 7.0% cap · market cap 7.38%
Theoretical Best
Office A
$820.1K
$717.6K – $956.8K
NOI $57,408 @ 7.0% cap · market cap 15.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Fully occupied 4-unit property on a bus line with current in-place rental income and a straightforward, easy-to-manage layout.
Where is this quadplex located?
The property is located at 1521 Van Vranken Avenue Schenectady, NY.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: 4‑unit property built in 1984; Fully occupied with tenants already in place for in‑place rental income; Located directly on a bus line
