Two-Family Duplex with Finished
For Sale
$449,000
1643 Foster Avenue, Schenectady, NY 12308
The residence includes six bedrooms, two full bathrooms, and a finished attic.
Property Size2,116 SF
Price / SF$212.19
Days on Market163
Property Features for 1643 Foster Avenue
General Information
Standard status
Active
Size
2,116 SF
Total Parking Spaces
3
Property subtype
Two Family Home
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,110
Building Details
Building Size
2,116 SF
Year Built
1930
Listing Agency:
Buy N Sell Realty Inc
(518) 982-5611
Listed By:
Subhash D Sukhram · License #40SU1090746
(518) 322-9877
Source:
Junellrealty
Added: May 23
Changed: Oct 31
Last Checked: Oct 31 at 5:40AM
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 Buy N Sell Realty Inc
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Investment Insights
Based on property information with market context.
This two-family duplex offers 2,116 square feet of living area, with six bedrooms and two full bathrooms. A finished attic adds to the interior configuration, and the home dates to 1930.
Situated at 1643 Foster Avenue in Schenectady, the property is identified as a two-family residence.
Situated at 1643 Foster Avenue in Schenectady, the property is identified as a two-family residence.
Key Highlights
- Two‑family duplex
- 2,116 square feet
- Six bedrooms and two full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,098
Cap Rate
5.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$481,960
$482.0K
Cap Rate 7%
$344,257
$344.3K
Cap Rate 9%
$267,756
$267.8K
Market Conditions
NOI Build-Up for 2,116 SF
Gross rent
$36.8K $17.40/SF
− Vacancy
−$2.4K −$1.13/SF
EGI
$34.4K $16.27/SF
− OpEx
−$10.3K −$4.88/SF
NOI
$24.1K $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%
$481,960
Cap Rate 7%
$344,257
Cap Rate 9%
$267,756
Alternative Uses
Best Use
Multifamily LT 5
$344.3K
$301.2K – $401.6K
NOI $24,098 @ 7.0% cap · market cap 5.37%
Second Best
Apartment 5plus
$308.8K
$270.2K – $360.3K
NOI $21,615 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$633.3K
$554.2K – $738.9K
NOI $44,334 @ 7.0% cap · market cap 9.87%
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
890
Businesses Nearby
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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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The residence includes six bedrooms, two full bathrooms, and a finished attic.
Where is this duplex located?
The property is located at 1643 Foster Avenue Schenectady, NY.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Two‑family duplex; 2,116 square feet; Six bedrooms and two full bathrooms
