Two-Unit Duplex With
For Sale
$320,000
1575 Avenue A, Schenectady, NY 12308
MultiFamily, Schenectady, NY
Property Size2,260 SF
Lot Size0.11 Acres
Price / SF$141.59
Days on Market12
Property Features for 1575 Avenue A
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 5, Bedroom 6, Bedroom 4
Parking
5
Parking features
Driveway, Garage
Patio and Porch features
Porch
Basement
Unfinished
High school
Schenectady
Elementary school district
Schenectady
Middle school district
Schenectady
High school district
Schenectady
Directions
Nott St to Avenue A
Standard status
Active
APN
421500 39.51-1-61
Size
2,260 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
5490
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Steam, Forced Air, Radiant
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1920
Number of units
2
Building materials
Vinyl Siding
Roof type
Slate
Architectural style
Other
Listing Agency:
KW Platform · Keller Williams Realty
(518) 724-5800
Listed By:
Stephen Gray · License #10401382329
(518) 653-8603
Added: Sep 11
Changed: Sep 12
Last Checked: Sep 22 at 2:06PM
MLS# 202625941
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.
Investment Insights
Based on property information with market context.
This two-unit duplex contains approximately 2,260 square feet of living area across two residences. Each unit includes three bedrooms and one full bathroom, creating a combined layout of six bedrooms and two bathrooms. The property also features a two-car garage, driveway parking, and a porch. Vinyl siding and a slate roof contribute to the exterior construction, while heating is provided through radiant, forced-air, and steam systems. Window unit cooling is also present.
Built in 1920, the property occupies 0.11 acres at 1575 Avenue A in Schenectady, New York. Public water and public sewer serve the property, and cable service is available. The duplex includes separate living units and garage storage, with the surrounding area identified as having access to shopping, dining, schools, parks, major roadways, and other Capital Region amenities.
Built in 1920, the property occupies 0.11 acres at 1575 Avenue A in Schenectady, New York. Public water and public sewer serve the property, and cable service is available. The duplex includes separate living units and garage storage, with the surrounding area identified as having access to shopping, dining, schools, parks, major roadways, and other Capital Region amenities.
Key Highlights
- Two separate units, each with 3 bedrooms and 1 full bathroom
- Approximately 2,260 square feet of living space
- Two‑car garage plus driveway parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,738
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$514,760
$514.8K
Cap Rate 7%
$367,686
$367.7K
Cap Rate 9%
$285,978
$286.0K
Market Conditions
NOI Build-Up for 2,260 SF
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.
Gross rent
$39.3K $17.40/SF
− Vacancy
−$2.6K −$1.13/SF
EGI
$36.8K $16.27/SF
− OpEx
−$11.0K −$4.88/SF
NOI
$25.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$514,760
Cap Rate 7%
$367,686
Cap Rate 9%
$285,978
Alternative Uses
Best Use
Multifamily LT 5
$367.7K
$321.7K – $429.0K
NOI $25,738 @ 7.0% cap · market cap 8.04%
Second Best
Apartment 5plus
$329.8K
$288.6K – $384.8K
NOI $23,085 @ 7.0% cap · market cap 7.21%
Theoretical Best
Office A
$676.5K
$591.9K – $789.2K
NOI $47,352 @ 7.0% cap · market cap 14.80%
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
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,065
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
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?
Duplex - Two separate residences with garage parking, porch space, and public water and sewer service.
Where is this duplex located?
The property is located at 1575 Avenue A Schenectady, NY.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Two separate units, each with 3 bedrooms and 1 full bathroom; Approximately 2,260 square feet of living space; Two‑car garage plus driveway parking
