Side-by-Side Duplex with Two
For Sale
$435,000
17 Berwyn Street, Schenectady, NY 12304
MultiFamily, Schenectady, NY
Property Size1,924 SF
Lot Size0.33 Acres
Price / SF$226.09
Days on Market53
Property Features for 17 Berwyn Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 2, Laundry Room, Bedroom 3, Bathroom 1
Parking
6
Parking features
Driveway, Off Street
Patio and Porch features
Porch
Lot features
Level
High school
Colonie Central HS
Elementary school district
South Colonie
Middle school district
South Colonie
High school district
South Colonie
Directions
Central Ave to Berwyn St
Standard status
Active
APN
012689 16.7-6-58
Size
1,924 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Annual Amount
5166
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Water source
Public
Amenities
backyard
Building Details
Year built
1982
Number of units
2
Flooring type
Laminate, Carpet, Vinyl
Building materials
Brick, Vinyl Siding
Roof type
Asphalt
Architectural style
Ranch
Listing Agency:
Falvey Real Estate Group Ltd
(518) 452-3912
Listed By:
James W Rosenberger · License #40RO1132254
(518) 542-1430
Added: Aug 10
Changed: Sep 12
Last Checked: Oct 1 at 8:06PM
MLS# 202623658
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1982, this ranch-style duplex contains 1,924 square feet with two side-by-side residences. Each unit includes two bedrooms and one bathroom, creating a four-bedroom, two-bathroom configuration overall. The property features brick and vinyl siding, laminate, carpet, and vinyl flooring, along with natural gas forced-air heat. Each residence has its own driveway, and the lot includes off-street parking, a porch, and a spacious backyard.
The 0.33-acre property is served by public water and public sewer and is located in the South Colonie school district. Its Schenectady location places the property near shopping, while the separate-driveway arrangement provides practical access for both units.
The 0.33-acre property is served by public water and public sewer and is located in the South Colonie school district. Its Schenectady location places the property near shopping, while the separate-driveway arrangement provides practical access for both units.
Key Highlights
- 1,924 square feet with two side‑by‑side units
- Each unit includes 2 bedrooms and 1 bathroom
- Built in 1982 with ranch‑style construction
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
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Ranch-style duplex with separate driveways, private outdoor space, and public utilities serving both residences.
Where is this duplex located?
The property is located at 17 Berwyn Street 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 feet with two side‑by‑side units; Each unit includes 2 bedrooms and 1 bathroom; Built in 1982 with ranch‑style construction
