Two-Unit Duplex with Separate
For Sale
$435,000
17 Berwyn St, Schenectady, NY 12304
Side-by-side residential property with individual driveways, two bedrooms per unit, and backyard space.
Property Size1,924 SF
Price / SF$226.09
Days on Market10
Property Features for 17 Berwyn St
General Information
Standard status
Active
Size
1,924 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,166
Listing Agency:
Falvey Real Estate Group Ltd
(518) 542-1430
Listed By:
James W Rosenberger · License #40RO1132254
(518) 542-1430
Source:
Exprealty
Added: Aug 10
Changed: Aug 15
Last Checked: Aug 18 at 10:46AM
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 Falvey Real Estate Group Ltd
Investment Insights
Based on property information with market context.
This 1,924-square-foot duplex is arranged as two side-by-side residences. Each unit includes two bedrooms and one bathroom, creating a consistent two-bedroom, one-bathroom configuration across the property. Separate driveways serve the units, and the property includes a backyard.
The duplex is located in Schenectady, New York, within the South Colonie school district and near shopping. Its two-unit layout and independent driveway access provide a straightforward configuration for residential income ownership.
The duplex is located in Schenectady, New York, within the South Colonie school district and near shopping. Its two-unit layout and independent driveway access provide a straightforward configuration for residential income ownership.
Key Highlights
- 1,924‑square‑foot side‑by‑side duplex
- Two units, each with 2 bedrooms and 1 bathroom
- Separate driveways serve each residence
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,911
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$438,220
$438.2K
Cap Rate 7%
$313,014
$313.0K
Cap Rate 9%
$243,456
$243.5K
Market Conditions
NOI Build-Up for 1,924 SF
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.
Gross rent
$33.5K $17.40/SF
− Vacancy
−$2.2K −$1.13/SF
EGI
$31.3K $16.27/SF
− OpEx
−$9.4K −$4.88/SF
NOI
$21.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$438,220
Cap Rate 7%
$313,014
Cap Rate 9%
$243,456
Alternative Uses
Best Use
Multifamily LT 5
$313.0K
$273.9K – $365.2K
NOI $21,911 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$280.8K
$245.7K – $327.6K
NOI $19,653 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$575.9K
$503.9K – $671.9K
NOI $40,312 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
176
Businesses Nearby
Explore this area
Business Placement
Demographics for 12304, NY
21,513
Population
9,438
Households
2.3
Avg Household Size
40
Median Age
25%
College-Educated
88%
High-School Grad
6.7 sq mi
ZIP Area
3,211
Density / Sq Mi
$67,688
Median Household Income
$43,824
Median Earnings
$1,049
Median Rent
$171,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Side-by-side residential property with individual driveways, two bedrooms per unit, and backyard space.
Where is this duplex located?
The property is located at 17 Berwyn St Schenectady, NY.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: 1,924‑square‑foot side‑by‑side duplex; Two units, each with 2 bedrooms and 1 bathroom; Separate driveways serve each residence
