Renovated Duplex with Garage
For Sale
$246,000
Pending
19 Ingersoll Avenue, Schenectady, NY 12305
MULTI_FAMILY - Other - Schenectady, NY
Property Size1,928 SF
Lot Size0.08 Acres
Days on Market127
Property Features for 19 Ingersoll Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Multi Residence
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
Parking
3
Parking features
Garage, Driveway
Window features
Storm Window(s), Screens
Patio and Porch features
Porch
Interior features
High Speed Internet
Basement
Full, Unfinished
Subdivision
Stockade Historic District
Lot features
Level, Cul-De-Sac
View
River
Elementary school
Yates
High school
Schenectady
Elementary school district
Schenectady
Middle school district
Schenectady
High school district
Schenectady
Directions
Erie to Green St, Quick turn on John St to left on Front, right on Ingersoll
Standard status
Pending
APN
421500 39.55-2-17
Size
1,928 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
5568
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Baseboard, Hot Water(Heating), Natural Gas
Water source
Public
Building Details
Year built
1920
Number of units
2
Flooring type
Hardwood
Building materials
Wood Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Century 21 North East · Century 21 Real Estate
(518) 895-2902
Listed By:
Nathalie Lenehan · License #10301201407
(518) 361-2106
Added: Apr 10
Changed: Jul 24
Last Checked: Aug 14 at 6:06PM
MLS# 202614842
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 renovated duplex is positioned for residential income, featuring multiple updates including a new roof, new kitchens and baths, updated plumbing and electrical, hardwood floors, in-unit laundry hookup(s), and a clean basement and attic. The property also includes off-street parking and three garage bays that can generate additional revenue.
The property is located in the Stockade Historic District and is described as being steps from the Mohawk River trail and Riverside Park, with nearby access to Rivers Casino and Mohawk Harbor. Downtown Schenectady’s restaurants, shops, and theatre are also referenced as nearby.
The listing notes discounted pricing for a cash sale to avoid costly flood insurance that is stated as being approximately $7,000 per year, only required with a mortgage. The seller also indicates a possible 1031 exchange.
The property is located in the Stockade Historic District and is described as being steps from the Mohawk River trail and Riverside Park, with nearby access to Rivers Casino and Mohawk Harbor. Downtown Schenectady’s restaurants, shops, and theatre are also referenced as nearby.
The listing notes discounted pricing for a cash sale to avoid costly flood insurance that is stated as being approximately $7,000 per year, only required with a mortgage. The seller also indicates a possible 1031 exchange.
Key Highlights
- Profitable duplex in the Stockade Historic District
- 3 garage bays that can provide additional income, plus off‑street parking
- New roof; updated plumbing and electrical; new kitchens and baths
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
$21,957
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
8.93%
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%
$439,140
$439.1K
Cap Rate 7%
$313,671
$313.7K
Cap Rate 9%
$243,967
$244.0K
Market Conditions
NOI Build-Up for 1,928 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
$33.5K $17.40/SF
− Vacancy
−$2.2K −$1.13/SF
EGI
$31.4K $16.27/SF
− OpEx
−$9.4K −$4.88/SF
NOI
$22.0K $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 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%
$439,140
Cap Rate 7%
$313,671
Cap Rate 9%
$243,967
Alternative Uses
Best Use
Multifamily LT 5
$313.7K
$274.5K – $366.0K
NOI $21,957 @ 7.0% cap · market cap 8.93%
Second Best
Apartment 5plus
$281.3K
$246.2K – $328.2K
NOI $19,694 @ 7.0% cap · market cap 8.01%
Theoretical Best
Office A
$577.1K
$504.9K – $673.3K
NOI $40,395 @ 7.0% cap · market cap 16.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,308
Businesses Nearby
Explore this area
Business Placement
Demographics for 12305, NY
6,085
Population
4,103
Households
1.5
Avg Household Size
37
Median Age
34%
College-Educated
88%
High-School Grad
1.5 sq mi
ZIP Area
4,057
Density / Sq Mi
$50,308
Median Household Income
$34,228
Median Earnings
$1,067
Median Rent
$162,500
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 duplex features in-unit laundry hookups, hardwood floors, off-street parking, and three garage bays.
Where is this duplex located?
The property is located at 19 Ingersoll Avenue Schenectady, NY.
What is the asking price?
The asking price for this property is $246,000.
What are key features of this property?
This property features: Profitable duplex in the Stockade Historic District; 3 garage bays that can provide additional income, plus off‑street parking; New roof; updated plumbing and electrical; new kitchens and baths
