Two-Unit Duplex with Separate
New
For Sale
$359,000
1667 Broadway, Schenectady, NY 12306
Two residential units offer eight bedrooms, separate utilities, and a local bus route connection.
Property Size3,130 SF
Price / SF$114.70
Days on Market1
Property Features for 1667 Broadway
General Information
Standard status
Active
Size
3,130 SF
Property subtype
Multi-Family
Units
Unit Mix
4BR/2BA, 4BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Legacy Nine Realty
Listed By:
Michael Field
(518) 669-1804
Source:
Fieldrealty
Added: Oct 19
Last Checked: Oct 19 at 6:06AM
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 Legacy Nine Realty
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Investment Insights
Based on property information with market context.
This two-unit duplex contains 3,130 square feet and was built in 1900. The first-floor residence has more than 1,500 square feet, four bedrooms, two bathrooms, an eat-in kitchen with appliances, and a living room. Upstairs, the second unit includes four bedrooms, one full bathroom, an eat-in kitchen, and a dining area that shares space with the living room. Utilities are separate for each unit.
The property is at 1667 Broadway in Schenectady, with access to a local bus route. Shopping, dining, and other local amenities are nearby.
The property is at 1667 Broadway in Schenectady, with access to a local bus route. Shopping, dining, and other local amenities are nearby.
Key Highlights
- Two residential units with separate utilities
- 3,130 square feet; built in 1900
- First‑floor unit exceeds 1,500 square feet and has four bedrooms and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,972
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$639,440
$639.4K
Cap Rate 7%
$456,743
$456.7K
Cap Rate 9%
$355,244
$355.2K
Market Conditions
NOI Build-Up for 3,130 SF
Gross rent
$62.0K $19.80/SF
− Vacancy
−$3.8K −$1.23/SF
EGI
$58.1K $18.57/SF
− OpEx
−$26.2K −$8.36/SF
NOI
$32.0K $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%
$639,440
Cap Rate 7%
$456,743
Cap Rate 9%
$355,244
Alternative Uses
Best Use
Multifamily LT 5
$509.2K
$445.6K – $594.1K
NOI $35,645 @ 7.0% cap · market cap 9.93%
Second Best
Apartment 5plus
$456.7K
$399.7K – $532.9K
NOI $31,972 @ 7.0% cap · market cap 8.91%
Theoretical Best
Office A
$936.9K
$819.8K – $1.09M
NOI $65,580 @ 7.0% cap · market cap 18.27%
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
395
Businesses Nearby
Explore this area
Business Placement
Demographics for 12306, NY
26,935
Population
12,481
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
94%
High-School Grad
43.9 sq mi
ZIP Area
614
Density / Sq Mi
$80,583
Median Household Income
$46,702
Median Earnings
$1,221
Median Rent
$212,700
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 - Two residential units offer eight bedrooms, separate utilities, and a local bus route connection.
Where is this duplex located?
The property is located at 1667 Broadway Schenectady, NY.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: Two residential units with separate utilities; 3,130 square feet; built in 1900; First‑floor unit exceeds 1,500 square feet and has four bedrooms and two bathrooms
