Two-Family Residential Income
17 Frank Street Schenectady, NY 12304
17 Frank Street, Schenectady, NY, 12304
$229,900
For Sale
$229,900
Two separate apartments each include living, dining, full bath, and laundry/pantry with washer-dryer hookups.
Property Size1,659 SF
Price / SF$138.58
Days on Market21
Property Features for 17 Frank Street
General Information
- Standard status
- Active
- Size
- 1,659 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1910
Listing agency
Coldwell Banker Prime Properties
Listed by
Mary Bintz
(518) 639-4663
Source
Signatureonerealtygroup
Added: Jul 2 Updated: Jul 21 at 3:33PM Checked: Jul 22 at 7:42AM
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 Coldwell Banker Prime Properties
Investment Insights
Based on property information with market context.
This two-family residential income property offers two separate apartments with living and dining spaces and full bathrooms in each unit. The first-floor apartment has two large bedrooms, a living room, dining room, and a laundry room/pantry with washer/dryer hookups. The second-floor apartment is accessed through the back and includes one bedroom, a living room, dining area, and a laundry room/pantry with washer/dryer hookups.
Recent updates include a newly replaced second-floor boiler and new hot water tanks, as well as new flooring in both apartments. The property also features a nice-sized backyard.
The current rent is described as below market, and the listing notes a convenient location close to shopping and highways.
Recent updates include a newly replaced second-floor boiler and new hot water tanks, as well as new flooring in both apartments. The property also features a nice-sized backyard.
The current rent is described as below market, and the listing notes a convenient location close to shopping and highways.
Key Highlights
- Two‑family home built in 1910 with two separate apartments
- First‑floor unit: 2 bedrooms, living room, dining room, full bathroom, plus laundry/pantry with washer‑dryer hookup
- Second‑floor unit: 1 bedroom, living room, dining area, full bathroom, plus laundry/pantry with washer‑dryer hookup (accessed through the back)
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 | $28.9k | $17.40 |
| − Vacancy | −$1.9k | −$1.13 |
| EGI | $27.0k | $16.27 |
| − OpEx | −$8.1k | −$4.88 |
| NOI | $18.9k | $11.39 |
1,659 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$269.9K
$236.2K – $314.9K
NOI $18,893 @ 7.0% cap · market cap 8.22%
Second Best
Apartment 5plus
$242.1K
$211.8K – $282.4K
NOI $16,946 @ 7.0% cap · market cap 7.37%
Theoretical Best
Office A
$496.6K
$434.5K – $579.3K
NOI $34,759 @ 7.0% cap · market cap 15.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two separate apartments each include living, dining, full bath, and laundry/pantry with washer-dryer hookups.
Where is this duplex located?
The property is located at 17 Frank Street Schenectady, NY.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Two‑family home built in 1910 with two separate apartments; First‑floor unit: 2 bedrooms, living room, dining room, full bathroom, plus laundry/pantry with washer‑dryer hookup; Second‑floor unit: 1 bedroom, living room, dining area, full bathroom, plus laundry/pantry with washer‑dryer hookup (accessed through the back)
