Three-Unit Triplex
1562 Rugby Road, Schenectady, NY 12308
For Sale
$294,900
Residential Income, Schenectady, NY
Property Size2,249 SF
Lot Size0.19 Acres
Price / SF$131.12
Days on Market55
Property Features for 1562 Rugby Road
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Water source
Building Details
Year built
Number of units
Flooring type
Building materials
Listing Agency:
Miranda Real Estate Group Inc
Listed By:
Christine M Serafini · License NY 40SE0980789
(518) 356-1701
Added: Sep 16
Changed: Oct 26
Last Checked: Nov 9 at 11:06PM
MLS# 11985077
Copyright © 2026 My State MLS. 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.
Located at 1562 Rugby Road in Schenectady, this 2,249-square-foot triplex dates to 1920 and contains three separately serviced residences. The unit mix includes a three-bedroom, one-bath apartment; a one-bedroom, one-bath apartment; and a two-story unit with two bedrooms and two baths. Interior finishes include carpet, hardwood, and laminate flooring, while heating is provided through hot water, electric, baseboard, and natural gas systems. The property also features aluminum construction and a porch.
Set on 0.19 acres, the property includes tenant parking for six cars. Public water serves the building, and water, sewer, and trash are included in the property taxes. Shopping, hospitals, downtown Schenectady, and bus service are identified nearby, providing access to several established local destinations and transportation options.
Set on 0.19 acres, the property includes tenant parking for six cars. Public water serves the building, and water, sewer, and trash are included in the property taxes. Shopping, hospitals, downtown Schenectady, and bus service are identified nearby, providing access to several established local destinations and transportation options.
Key Highlights
- Three‑unit triplex with 2,249 square feet of property size
- Unit mix includes 3‑bedroom, 1‑bath; 1‑bedroom, 1‑bath; and 2‑bedroom, 2‑bath residences
- Two‑story third unit with 2 bedrooms and 2 baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,612
Cap Rate
8.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$512,240
$512.2K
Cap Rate 7%
$365,886
$365.9K
Cap Rate 9%
$284,578
$284.6K
Market Conditions
NOI Build-Up for 2,249 SF
Gross rent
$39.1K $17.40/SF
− Vacancy
−$2.5K −$1.13/SF
EGI
$36.6K $16.27/SF
− OpEx
−$11.0K −$4.88/SF
NOI
$25.6K $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%
$512,240
Cap Rate 7%
$365,886
Cap Rate 9%
$284,578
Alternative Uses
Best Use
Multifamily LT 5
$365.9K
$320.2K – $426.9K
NOI $25,612 @ 7.0% cap · market cap 8.68%
Second Best
Apartment 5plus
$328.2K
$287.2K – $382.9K
NOI $22,973 @ 7.0% cap · market cap 7.79%
Theoretical Best
Office A
$673.2K
$589.0K – $785.4K
NOI $47,121 @ 7.0% cap · market cap 15.98%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
882
Businesses Nearby
Explore this area
Business Placement
Demographics for 12308, NY
15,285
Population
6,442
Households
2.4
Avg Household Size
31
Median Age
29%
College-Educated
89%
High-School Grad
2.3 sq mi
ZIP Area
6,646
Density / Sq Mi
$59,789
Median Household Income
$35,966
Median Earnings
$1,159
Median Rent
$180,100
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Schenectady, NY
Properties on Market for Triplexes in Schenectady
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three separately metered units with varied layouts, porch access, and tenant parking near shopping, hospitals, downtown, and bus service.
Where is this triplex located?
The property is located at 1562 Rugby Road Schenectady, NY.
What is the asking price?
The asking price for this property is $294,900.
What are key features of this property?
This property features: Three‑unit triplex with 2,249 square feet of property size; Unit mix includes 3‑bedroom, 1‑bath; 1‑bedroom, 1‑bath; and 2‑bedroom, 2‑bath residences; Two‑story third unit with 2 bedrooms and 2 baths
