1617 4th Avenue Schenectady, NY 12303
Multifamily property featuring four bedrooms and two full bathrooms.
Property Features for 1617 4th Avenue
General Information
- Standard status
- Active
- Size
- 1,194 SF
- Property subtype
- Multi Family / Duplex
Building Details
- Year Built
- 1923
Listing office Epik Realty Group LLC (518) 917-3387
Listing date Nov 17, 2025
Source Compass
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 Epik Realty Group LLC
Investment Insights
Based on property information with market context.
Key Highlights
- Two full kitchens offer flexibility and potential for rental income or multi‑generational living.
- Four bedrooms provide ample space for a family or potential for rental income.
- Two full bathrooms add convenience and value.
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 | $20.8k | $17.40 |
| − Vacancy | −$1.4k | −$1.13 |
| EGI | $19.4k | $16.27 |
| − OpEx | −$5.8k | −$4.88 |
| NOI | $13.6k | $11.39 |
