Building Details

Year Built 1928

Listing Agency: Country Boy Realty

Listed By: Clancy Real Estate, Inc Show Phone

Source: Clancyrealestate

Added: Aug 30 Changed: Oct 15 Last Checked: Oct 16 at 8:38AM

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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 Country Boy Realty

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Investment Insights

Based on property information with market context.

This vacant duplex contains 1920 square feet and was built in 1928. Each apartment features 2 bedrooms, while the first-floor unit has undergone renovation that includes a new bathroom. A partially finished basement adds usable interior space.

The property includes a private driveway, an oversized 2-car garage, and a carport, providing multiple off-street parking options. It sits on a large lot along Broad Street near the Schenectady/Rotterdam border in the Bellevue neighborhood. Shopping, restaurants, schools, parks, and a bus line are located nearby.

Key Highlights

• Vacant two‑unit property with 2 bedrooms in each apartment
• 1920 square feet; built in 1928
• First‑floor apartment renovated with a new bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,866

Cap Rate

7.67%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$437,320 $437.3K

Cap Rate 7%

$312,371 $312.4K

Cap Rate 9%

$242,956 $243.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,920 SF

Gross rent

$33.4K $17.40/SF

− Vacancy

−$2.2K −$1.13/SF

EGI

$31.2K $16.27/SF

− OpEx

−$9.4K −$4.88/SF

NOI

$21.9K $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 Rate 5%

$437,320

Cap Rate 7%

$312,371

Cap Rate 9%

$242,956

Alternative Uses

Best Use

Multifamily LT 5

$312.4K

$273.3K – $364.4K (±1% cap)

NOI $21,866 @ 7.0% cap · market cap 7.67%

Second Best

Apartment 5plus

$280.2K

$245.2K – $326.9K (±1% cap)

NOI $19,612 @ 7.0% cap · market cap 6.88%

Theoretical Best

Office A

$574.7K

$502.9K – $670.5K (±1% cap)

NOI $40,228 @ 7.0% cap · market cap 14.12%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Bakery Parking Lot & Garage Skin Care Clinic Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

452

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - The property offers two-bedroom apartments, private off-street parking, and immediate occupancy flexibility.

Where is this duplex located?

The property is located at 1928 Broad St Schenectady, NY.

What is the asking price?

The asking price for this property is $284,900.

What are key features of this property?

This property features: Vacant two‑unit property with 2 bedrooms in each apartment; 1920 square feet; built in 1928; First‑floor apartment renovated with a new bathroom