Updated Victorian Live-Work
For Sale
$269,000
153 Barrett Street, Schenectady, NY 12305
First-floor office space with a one-bedroom apartment upstairs in a fully turn-key Victorian building.
Property Size1,323 SF
Price / SF$203.33
Days on Market219
Property Features for 153 Barrett Street
General Information
Standard status
Active
Size
1,323 SF
Property subtype
Commercial
Additional Details
Multifamily Units
1
Building Details
Year Built
1911
Stories
2
Construction
Victorian
Listing Agency:
Armida Rose Realty Group
Listed By:
Anthony Durante
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Dec 26, 2025
Changed: Jul 27
Last Checked: Aug 1 at 3:44AM
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 Armida Rose Realty Group
Investment Insights
Based on property information with market context.
This beautifully updated Victorian building offers office space on the first floor, with a one-bedroom apartment on the second floor. The property is configured as a single unit and is described as completely turn-key, ready for occupancy or use by a new business owner. Whether you’re looking to bring or start a business on-site while living upstairs or to lease the space out, the layout provides a live-work option within one building.
The building is located near downtown amenities, with the public remarks noting it is a half a block from State Street and within walking distance of restaurants, Proctors, City Hall, and Union College.
The property is offered for sale at $269,000. Public remarks also state that 162 Lafayette St, Schenectady is being sold with this property for $225,000, for a total of $500,000.
The building is located near downtown amenities, with the public remarks noting it is a half a block from State Street and within walking distance of restaurants, Proctors, City Hall, and Union College.
The property is offered for sale at $269,000. Public remarks also state that 162 Lafayette St, Schenectady is being sold with this property for $225,000, for a total of $500,000.
Key Highlights
- Victorian building built in 1911 with first‑floor office space and a one‑bedroom apartment on the second floor
- Both office and apartment are contained within a single unit in the building
- First‑floor office space plus upstairs 1‑bedroom apartment provides live‑and‑work or lease options
Financial Insights For Office B
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 | $34.9k | $26.40 |
| − Vacancy | −$5.2k | −$3.93 |
| EGI | $29.7k | $22.47 |
| − OpEx | −$7.4k | −$5.62 |
| NOI | $22.3k | $16.85 |
1,323 SF · lease $26.40/SF/yr · vacancy 14.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$318.5K
$278.7K – $371.5K
NOI $22,292 @ 7.0% cap · market cap 8.29%
Second Best
Mixed Use
$260.8K
$228.2K – $304.3K
NOI $18,257 @ 7.0% cap · market cap 6.79%
Theoretical Best
Office A
$396.0K
$346.5K – $462.0K
NOI $27,719 @ 7.0% cap · market cap 10.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,144
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Live-work space - First-floor office space with a one-bedroom apartment upstairs in a fully turn-key Victorian building.
Where is this live-work space located?
The property is located at 153 Barrett Street Schenectady, NY.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Victorian building built in 1911 with first‑floor office space and a one‑bedroom apartment on the second floor; Both office and apartment are contained within a single unit in the building; First‑floor office space plus upstairs 1‑bedroom apartment provides live‑and‑work or lease options
