Two-Family
New
For Sale
$249,000
1715 Albany St, Schenectady, NY 12304
Two separate residences provide a six-bedroom configuration and private driveway.
Property Size1,672 SF
Price / SF$148.92
Days on Market3
Property Features for 1715 Albany St
General Information
Standard status
Active
Size
1,672 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1900
Listing Agency:
Country Boy Realty
Listed By:
Clancy Real Estate, Inc
(518) 861-7016
Source:
Clancyrealestate
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 14 at 10:20PM
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 Country Boy Realty
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Investment Insights
Based on property information with market context.
This duplex offers two residences with a combined six bedrooms and two full baths. The property includes a private driveway and was built in 1900, providing a clear residential layout for an owner or investor evaluating a two-family asset.
Key Highlights
- Two‑family duplex with 6 bedrooms and 2 full baths
- 1,672 square feet of building area
- Private driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,041
Cap Rate
7.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$380,820
$380.8K
Cap Rate 7%
$272,014
$272.0K
Cap Rate 9%
$211,567
$211.6K
Market Conditions
NOI Build-Up for 1,672 SF
Gross rent
$29.1K $17.40/SF
− Vacancy
−$1.9K −$1.13/SF
EGI
$27.2K $16.27/SF
− OpEx
−$8.2K −$4.88/SF
NOI
$19.0K $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%
$380,820
Cap Rate 7%
$272,014
Cap Rate 9%
$211,567
Alternative Uses
Best Use
Multifamily LT 5
$272.0K
$238.0K – $317.4K
NOI $19,041 @ 7.0% cap · market cap 7.65%
Second Best
Apartment 5plus
$244.0K
$213.5K – $284.7K
NOI $17,079 @ 7.0% cap · market cap 6.86%
Theoretical Best
Office A
$500.5K
$437.9K – $583.9K
NOI $35,032 @ 7.0% cap · market cap 14.07%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
546
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
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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 separate residences provide a six-bedroom configuration and private driveway.
Where is this duplex located?
The property is located at 1715 Albany St Schenectady, NY.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Two‑family duplex with 6 bedrooms and 2 full baths; 1,672 square feet of building area; Private driveway
