Two-Unit Duplex with Flexible
New
For Sale
$275,000
159 Front Street, Schenectady, NY 12305
One apartment is leased through September 30, 2027, while the other is vacant.
Property Size2,448 SF
Price / SF$112.34
Days on Market5
Property Features for 159 Front Street
General Information
Standard status
Active
Size
2,448 SF
Property subtype
Multi-family
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Tenant in Place
Yes
Building Details
Year Built
1901
Listing Agency:
New Scotland Realty
Listed By:
Samantha M Curry · License #10491209794
(603) 209-1976
Source:
Signatureonerealtygroup
Added: Oct 31
Changed: Nov 3
Last Checked: Nov 4 at 4:52PM
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 New Scotland Realty
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Investment Insights
Based on property information with market context.
This 2,448-square-foot duplex, built in 1901, contains two apartments with a combined five bedrooms and two full bathrooms. The first-floor unit has two bedrooms and one bathroom and is leased through September 30, 2027. Upstairs, a three-bedroom, one-bathroom apartment is vacant. The differing occupancy of the units provides distinct options for use of the property.
At 159 Front St in Schenectady’s Stockade neighborhood, the property is four minutes from Arthur’s Market and five minutes from the nearest bus stop. Restaurants, shops, and other neighborhood amenities are within walking distance.
At 159 Front St in Schenectady’s Stockade neighborhood, the property is four minutes from Arthur’s Market and five minutes from the nearest bus stop. Restaurants, shops, and other neighborhood amenities are within walking distance.
Key Highlights
- 2,448‑square‑foot duplex built in 1901
- Two apartments: a 2‑bedroom, 1‑bath unit and a 3‑bedroom, 1‑bath unit
- First‑floor apartment leased through September 30, 2027; second‑floor unit vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,006
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$500,120
$500.1K
Cap Rate 7%
$357,229
$357.2K
Cap Rate 9%
$277,844
$277.8K
Market Conditions
NOI Build-Up for 2,448 SF
Gross rent
$48.5K $19.80/SF
− Vacancy
−$3.0K −$1.23/SF
EGI
$45.5K $18.57/SF
− OpEx
−$20.5K −$8.36/SF
NOI
$25.0K $10.21/SF
Area
Schenectady County, NY
Vacancy
6.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$500,120
Cap Rate 7%
$357,229
Cap Rate 9%
$277,844
Alternative Uses
Best Use
Multifamily LT 5
$398.3K
$348.5K – $464.7K
NOI $27,879 @ 7.0% cap · market cap 10.14%
Second Best
Apartment 5plus
$357.2K
$312.6K – $416.8K
NOI $25,006 @ 7.0% cap · market cap 9.09%
Theoretical Best
Office A
$732.7K
$641.1K – $854.8K
NOI $51,290 @ 7.0% cap · market cap 18.65%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,308
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - One apartment is leased through September 30, 2027, while the other is vacant.
Where is this duplex located?
The property is located at 159 Front Street Schenectady, NY.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 2,448‑square‑foot duplex built in 1901; Two apartments: a 2‑bedroom, 1‑bath unit and a 3‑bedroom, 1‑bath unit; First‑floor apartment leased through September 30, 2027; second‑floor unit vacant
