Two-Unit Duplex with
For Sale
$320,000
1810 Campbell Ave, Schenectady, NY 12306
Two apartments offer distinct occupancy positions, with one available and the other generating immediate rental income.
Property Size1,820 SF
Price / SF$175.82
Days on Market41
Property Features for 1810 Campbell Ave
General Information
Standard status
Active
Size
1,820 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,995
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Howard Hanna Capital Inc
(518) 210-8288
Listed By:
Jeanine M Vollaro · License #10401308187
(518) 210-8288
Source:
Exprealty
Added: Jul 10
Changed: Aug 13
Last Checked: Aug 18 at 12:30PM
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 Howard Hanna Capital Inc
Investment Insights
Based on property information with market context.
This 1,820-square-foot duplex contains two separate apartments, each arranged with two bedrooms and one bathroom. The lower residence is vacant, while the upper residence is occupied by a tenant, creating an established income component alongside owner-occupancy flexibility. Both kitchens were renovated approximately two years ago, and the roof was replaced in 2024.
A detached two-car garage and additional off-street parking serve the property. The home is situated near shopping, restaurants, schools, and major highways in Schenectady, providing convenient access to everyday services and regional transportation routes. The combination of two residential units, updated kitchens, recent roof work, garage space, and differing occupancy status gives the property a practical duplex configuration for a buyer seeking both use and rental income.
A detached two-car garage and additional off-street parking serve the property. The home is situated near shopping, restaurants, schools, and major highways in Schenectady, providing convenient access to everyday services and regional transportation routes. The combination of two residential units, updated kitchens, recent roof work, garage space, and differing occupancy status gives the property a practical duplex configuration for a buyer seeking both use and rental income.
Key Highlights
- Two 2‑bedroom, 1‑bath apartments within a single duplex
- 1,820 square feet of property size
- First‑floor unit is vacant; second‑floor unit is tenant‑occupied
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
$20,727
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
6.48%
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%
$414,540
$414.5K
Cap Rate 7%
$296,100
$296.1K
Cap Rate 9%
$230,300
$230.3K
Market Conditions
NOI Build-Up for 1,820 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
$31.7K $17.40/SF
− Vacancy
−$2.1K −$1.13/SF
EGI
$29.6K $16.27/SF
− OpEx
−$8.9K −$4.88/SF
NOI
$20.7K $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%
$414,540
Cap Rate 7%
$296,100
Cap Rate 9%
$230,300
Alternative Uses
Best Use
Multifamily LT 5
$296.1K
$259.1K – $345.5K
NOI $20,727 @ 7.0% cap · market cap 6.48%
Second Best
Apartment 5plus
$265.6K
$232.4K – $309.9K
NOI $18,591 @ 7.0% cap · market cap 5.81%
Theoretical Best
Office A
$544.8K
$476.7K – $635.6K
NOI $38,133 @ 7.0% cap · market cap 11.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
341
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two apartments offer distinct occupancy positions, with one available and the other generating immediate rental income.
Where is this duplex located?
The property is located at 1810 Campbell Ave Schenectady, NY.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath apartments within a single duplex; 1,820 square feet of property size; First‑floor unit is vacant; second‑floor unit is tenant‑occupied
