Well-Maintained Duplex
1602 Foster Avenue Schenectady, NY 12308
1602 Foster Avenue, Schenectady, NY, 12308
$249,900
For Sale
$249,900
Well-maintained duplex with efficient unit layouts, a shed for storage, and a backyard for outdoor space.
Property Size1,630 SF
Price / SF$153.31
Days on Market283
Property Features for 1602 Foster Avenue
General Information
- Standard status
- Active
- Size
- 1,630 SF
- Property subtype
- Multi Family / Duplex
Building Details
- Year Built
- 1900
Listing agency
Schermerhorn Realty Group LLC
(518) 812-7178
Listed by
Sarah Newton · License #10401366893
(518) 812-7178
Source
Compass
Added: Oct 14, 2025 Updated: Jul 22 at 10:19PM Checked: Jul 22 at 10:19PM
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 Schermerhorn Realty Group LLC
Investment Insights
Based on property information with market context.
This well-maintained duplex features a simple, efficient layout in each unit designed for straightforward daily living and easy upkeep. A single shed on the property provides additional storage, and the home also includes a backyard for outdoor use.
The property is located near local amenities in Schenectady, New York.
As an income-producing residential asset, the duplex offers a practical, low-maintenance rental setup for buyers seeking a straightforward property structure.
The property is located near local amenities in Schenectady, New York.
As an income-producing residential asset, the duplex offers a practical, low-maintenance rental setup for buyers seeking a straightforward property structure.
Key Highlights
- Well‑maintained duplex with efficient, easy‑to‑upkeep unit layouts
- Each unit is supported by forced air and hot water heating systems using natural gas
- Full, unfinished basement
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 | $28.4k | $17.40 |
| − Vacancy | −$1.8k | −$1.13 |
| EGI | $26.5k | $16.27 |
| − OpEx | −$8.0k | −$4.88 |
| NOI | $18.6k | $11.39 |
1,630 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$265.2K
$232.0K – $309.4K
NOI $18,563 @ 7.0% cap · market cap 7.43%
Second Best
Apartment 5plus
$237.9K
$208.1K – $277.5K
NOI $16,650 @ 7.0% cap · market cap 6.66%
Theoretical Best
Office A
$487.9K
$426.9K – $569.2K
NOI $34,152 @ 7.0% cap · market cap 13.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Well-maintained duplex with efficient unit layouts, a shed for storage, and a backyard for outdoor space.
Where is this duplex located?
The property is located at 1602 Foster Avenue Schenectady, NY.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Well‑maintained duplex with efficient, easy‑to‑upkeep unit layouts; Each unit is supported by forced air and hot water heating systems using natural gas; Full, unfinished basement
