Updated Duplex With Separate
New
For Sale
$359,000
191 Princetown Road, Schenectady, NY 12306
Two-unit property with separate utilities, three driveway entrances, and off-street parking.
Property Size1,695 SF
Price / SF$211.80
Days on Market7
Property Features for 191 Princetown Road
General Information
Standard status
Active
Size
1,695 SF
Property subtype
Multi-family
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Building Details
Year Built
1930
Buildings
1
Listing Agency:
KW Platform
Listed By:
Dominick Ieraci
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Aug 5
Changed: Aug 9
Last Checked: Aug 10 at 3:50AM
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 KW Platform
Investment Insights
Based on property information with market context.
This 1,695-square-foot duplex, built in 1930, occupies a corner lot in the Rotterdam area. The first-floor residence includes three bedrooms, oak hardwood floors, a front porch, and direct basement access with finished storage space. The upper apartment has new flooring, fresh paint, an updated kitchen with new appliances, an included washer and dryer, and a new bathroom with a tub and built-in surround.
Separate utilities serve each unit, while three driveway entrances provide off-street parking access. The property is within the Schalmont School District and near shopping, restaurants, schools, and major highways. Its two-unit configuration supports owner occupancy of one apartment while the other remains available for rental use.
Separate utilities serve each unit, while three driveway entrances provide off-street parking access. The property is within the Schalmont School District and near shopping, restaurants, schools, and major highways. Its two-unit configuration supports owner occupancy of one apartment while the other remains available for rental use.
Key Highlights
- 1,695‑square‑foot duplex on a corner lot
- Built in 1930; located in the Schalmont School District
- First‑floor unit offers 3 bedrooms, oak hardwood floors, front porch, and finished basement storage
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
$19,303
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
5.38%
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%
$386,060
$386.1K
Cap Rate 7%
$275,757
$275.8K
Cap Rate 9%
$214,478
$214.5K
Market Conditions
NOI Build-Up for 1,695 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
$29.5K $17.40/SF
− Vacancy
−$1.9K −$1.13/SF
EGI
$27.6K $16.27/SF
− OpEx
−$8.3K −$4.88/SF
NOI
$19.3K $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%
$386,060
Cap Rate 7%
$275,757
Cap Rate 9%
$214,478
Alternative Uses
Best Use
Multifamily LT 5
$275.8K
$241.3K – $321.7K
NOI $19,303 @ 7.0% cap · market cap 5.38%
Second Best
Apartment 5plus
$247.3K
$216.4K – $288.6K
NOI $17,314 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$507.3K
$443.9K – $591.9K
NOI $35,514 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
247
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with separate utilities, three driveway entrances, and off-street parking.
Where is this duplex located?
The property is located at 191 Princetown Road Schenectady, NY.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: 1,695‑square‑foot duplex on a corner lot; Built in 1930; located in the Schalmont School District; First‑floor unit offers 3 bedrooms, oak hardwood floors, front porch, and finished basement storage
