Renovated Duplex with Partially Finished
For Sale
$400,000
Pending
1831 Eastern Parkway, Schenectady, NY 12309
MULTI_FAMILY - Other - Schenectady, NY
Property Size2,900 SF
Lot Size0.13 Acres
Days on Market53
Property Features for 1831 Eastern Parkway
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Multi Residence
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 5, Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 2
Parking
4
Parking features
Driveway
Patio and Porch features
Porch
Basement
Unfinished, Full
Lot features
Level
High school
Schenectady
Elementary school district
Schenectady
Middle school district
Schenectady
High school district
Schenectady
Directions
Union Ave, right on Lakewood, right on Eastern Parkway
Standard status
Pending
APN
421500 50.30-2-23
Size
2,900 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
7151
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1920
Number of units
2
Flooring type
Vinyl, Tile
Building materials
Aluminum Siding
Roof type
Rubber, Asphalt, Shingle
Architectural style
Other
Listing Agency:
Howard Hanna Capital Inc
(518) 371-4500
Listed By:
Jillian Breck · License #10401347799
(518) 225-4799
Added: Jun 12
Changed: Jul 24
Last Checked: Aug 3 at 10:06AM
MLS# 202619561
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 property at 1831 Eastern Parkway is a two-unit duplex with two full residential units plus a partially finished attic on the second floor. The first-floor apartment is configured with 3 bedrooms and 1 full bathroom. The second-floor unit offers 2 bedrooms and 1 full bathroom, along with attic space that can support additional living use. The duplex has been recently renovated, including updated bathrooms, new flooring, fresh paint, and modern finishes throughout. The roof is approximately 5 years old. A private driveway provides convenient off-street parking. The property is listed under Multi Residence zoning and sits on a 0.13-acre lot with a total building area of 2,900 square feet.
Located in Schenectady, New York (12309), the home is described as being near shopping, restaurants, schools, parks, public transportation, and major highways, supporting straightforward everyday access.
For buyers or owner-occupants, the layout offers a clear live-in and rent arrangement, with one unit delivered vacant at closing. For investors, the duplex configuration provides two separate units within the same building, with renovations already completed and off-street parking available for occupants.
Located in Schenectady, New York (12309), the home is described as being near shopping, restaurants, schools, parks, public transportation, and major highways, supporting straightforward everyday access.
For buyers or owner-occupants, the layout offers a clear live-in and rent arrangement, with one unit delivered vacant at closing. For investors, the duplex configuration provides two separate units within the same building, with renovations already completed and off-street parking available for occupants.
Key Highlights
- Duplex with two units: first floor has 3 bedrooms and 1 full bathroom; second floor has 2 bedrooms and 1 full bathroom
- Partially finished attic on the second‑floor unit adds additional usable living space
- Recently renovated interiors with updated bathrooms, new flooring, and fresh paint in both units
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 | $50.5k | $17.40 |
| − Vacancy | −$3.3k | −$1.13 |
| EGI | $47.2k | $16.27 |
| − OpEx | −$14.2k | −$4.88 |
| NOI | $33.0k | $11.39 |
2,900 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$471.8K
$412.8K – $550.4K
NOI $33,026 @ 7.0% cap · market cap 8.26%
Second Best
Apartment 5plus
$423.2K
$370.3K – $493.7K
NOI $29,623 @ 7.0% cap · market cap 7.41%
Theoretical Best
Office A
$868.0K
$759.5K – $1.01M
NOI $60,761 @ 7.0% cap · market cap 15.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
955
Businesses Nearby
Explore this area
Business Placement
Demographics for 12309, NY
31,273
Population
13,623
Households
2.3
Avg Household Size
43
Median Age
59%
College-Educated
97%
High-School Grad
17.6 sq mi
ZIP Area
1,777
Density / Sq Mi
$119,830
Median Household Income
$68,167
Median Earnings
$1,472
Median Rent
$301,100
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 - Renovated two-unit duplex with off-street parking and attic flex space; one unit vacant at closing.
Where is this duplex located?
The property is located at 1831 Eastern Parkway Schenectady, NY.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Duplex with two units: first floor has 3 bedrooms and 1 full bathroom; second floor has 2 bedrooms and 1 full bathroom; Partially finished attic on the second‑floor unit adds additional usable living space; Recently renovated interiors with updated bathrooms, new flooring, and fresh paint in both units
