Duplex with Detached
New
For Sale
$274,900
2017 Avenue B, Schenectady, NY 12308
Two separate residences offer updated kitchens, individual laundry hookups, and separate utility metering.
Property Size1,940 SF
Price / SF$141.70
Days on Market4
Property Features for 2017 Avenue B
General Information
Standard status
Active
Size
1,940 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
hardwood floors
updated kitchens
updated appliances
updated windows
washer/dryer hookups
separately metered
off street parking
Building Details
Year Built
1905
Listing Agency:
Berkshire Hathaway Home Services Blake
Listed By:
Clancy Real Estate, Inc
(518) 861-7016
Source:
Clancyrealestate
Added: Oct 7
Last Checked: Oct 9 at 7:52PM
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 Berkshire Hathaway Home Services Blake
Investment Insights
Based on property information with market context.
This 1,940-square-foot duplex, built in 1905, contains two residential units with hardwood flooring throughout. Both kitchens have been updated with newer appliances, and the windows have also been updated. Each unit has washer and dryer connections, while the first-floor residence is served by a high-efficiency furnace. The building has vinyl siding and separate utility meters.
A detached garage accommodates three vehicles and has electrical service and a concrete floor. Off-street parking is also available. Union College and Ellis Hospital are within walking distance.
A detached garage accommodates three vehicles and has electrical service and a concrete floor. Off-street parking is also available. Union College and Ellis Hospital are within walking distance.
Key Highlights
- Two‑unit residential property with 1,940 square feet
- Detached three‑car garage with power and a concrete floor
- Hardwood floors throughout both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,093
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$441,860
$441.9K
Cap Rate 7%
$315,614
$315.6K
Cap Rate 9%
$245,478
$245.5K
Market Conditions
NOI Build-Up for 1,940 SF
Gross rent
$33.8K $17.40/SF
− Vacancy
−$2.2K −$1.13/SF
EGI
$31.6K $16.27/SF
− OpEx
−$9.5K −$4.88/SF
NOI
$22.1K $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%
$441,860
Cap Rate 7%
$315,614
Cap Rate 9%
$245,478
Alternative Uses
Best Use
Multifamily LT 5
$315.6K
$276.2K – $368.2K
NOI $22,093 @ 7.0% cap · market cap 8.04%
Second Best
Apartment 5plus
$283.1K
$247.7K – $330.3K
NOI $19,817 @ 7.0% cap · market cap 7.21%
Theoretical Best
Office A
$580.7K
$508.1K – $677.5K
NOI $40,647 @ 7.0% cap · market cap 14.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
704
Businesses Nearby
Explore this area
Business Placement
Demographics for 12308, NY
15,285
Population
6,442
Households
2.4
Avg Household Size
31
Median Age
29%
College-Educated
89%
High-School Grad
2.3 sq mi
ZIP Area
6,646
Density / Sq Mi
$59,789
Median Household Income
$35,966
Median Earnings
$1,159
Median Rent
$180,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer updated kitchens, individual laundry hookups, and separate utility metering.
Where is this duplex located?
The property is located at 2017 Avenue B Schenectady, NY.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: Two‑unit residential property with 1,940 square feet; Detached three‑car garage with power and a concrete floor; Hardwood floors throughout both units
