Two-Unit Duplex with Updated
For Sale
$315,000
1810 Campbell Avenue, Schenectady, NY 12306
MULTI_FAMILY - Other - Schenectady, NY
Property Size1,820 SF
Lot Size0.08 Acres
Price / SF$173.08
Days on Market49
Property Features for 1810 Campbell Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
Parking
2
Parking features
Garage, Driveway, Off Street
Patio and Porch features
Porch
Fencing
Fenced
Basement
Exterior Entry
Lot features
Level
High school
Schenectady
Elementary school district
Schenectady
Middle school district
Schenectady
High school district
Schenectady
Directions
Broadway exit to Campbell Ave
Standard status
Active
APN
421500 48.52-2-10
Size
1,820 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
4996
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating)
Water source
Public
Building Details
Year built
1910
Number of units
2
Building materials
Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Howard Hanna Capital Inc
(518) 370-3170
Listed By:
Jeanine M Vollaro · License #10401308187
(518) 210-8288
Added: Jul 10
Changed: Aug 18
Last Checked: Aug 27 at 2:06AM
MLS# 202621524
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.
This two-family duplex offers two spacious 2-bedroom, 1-bath apartments. The first-floor unit is vacant and ready for immediate occupancy, while the second-floor unit is tenant-occupied, providing rental income. Both kitchens were updated approximately two years ago.
The home is well maintained with vinyl siding and a shingle roof installed in 2024. Heat is natural gas hot water. Public water and public sewer service support the property. A detached two-car garage, driveway, and ample off-street parking provide convenient on-site access. A porch and fenced yard add additional everyday usability.
Set on a 0.08-acre lot with an overall property size of 1,820 square feet, this duplex is built for flexible ownership—whether you prefer living on one level or operating it as a rental.
The home is well maintained with vinyl siding and a shingle roof installed in 2024. Heat is natural gas hot water. Public water and public sewer service support the property. A detached two-car garage, driveway, and ample off-street parking provide convenient on-site access. A porch and fenced yard add additional everyday usability.
Set on a 0.08-acre lot with an overall property size of 1,820 square feet, this duplex is built for flexible ownership—whether you prefer living on one level or operating it as a rental.
Key Highlights
- Two 2‑bedroom, 1‑bath apartments
- First‑floor unit is vacant; second‑floor unit is tenant‑occupied
- Both kitchens updated approximately two years ago
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
6.58%
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 6.58%
Second Best
Apartment 5plus
$265.6K
$232.4K – $309.9K
NOI $18,591 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$544.8K
$476.7K – $635.6K
NOI $38,133 @ 7.0% cap · market cap 12.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
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 2-bedroom, 1-bath apartments with an available first-floor unit and a tenant-occupied second-floor unit.
Where is this duplex located?
The property is located at 1810 Campbell Avenue Schenectady, NY.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath apartments; First‑floor unit is vacant; second‑floor unit is tenant‑occupied; Both kitchens updated approximately two years ago
