Brick Two-Family
For Sale
$285,000
2151 Lenox Road, Schenectady, NY 12308
Updated two-unit residence with a fenced yard, balcony, fireplace, and two storage sheds.
Property Size1,907 SF
Price / SF$149.45
Days on Market69
Property Features for 2151 Lenox Road
General Information
Standard status
Active
Size
1,907 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
2
Amenities
fireplace
cedar closet
three-season room
balcony
large private yard
two sheds
Building Details
Year Built
1950
Buildings
1
Construction
brick
Listing Agency:
Berkshire Hathaway Home Services Blake
Listed By:
Ripon Roy · License #10401342044
(646) 752-1721
Source:
Signatureonerealtygroup
Added: Aug 15
Changed: Oct 21
Last Checked: Oct 20 at 11:49PM
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
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Investment Insights
Based on property information with market context.
This legal two-family duplex contains 1,907 square feet and was built in 1950. The solid brick property has received recent updates and includes distinct features across both levels, including a fireplace and cedar closet on the first floor and a balcony on the second. A possible three-season room adds another flexible area.
The exterior provides a large, private, fully fenced yard along with two sheds for storage. The property is near Steinmetz Park and the community garden, with Ellis Hospital, Union College, GE, KAPL, SI Group, Rivers Casino, shopping, dining, and entertainment also identified in the surrounding area.
Its two-unit configuration supports a range of residential arrangements, including owner occupancy, multigenerational use, or rental occupancy.
The exterior provides a large, private, fully fenced yard along with two sheds for storage. The property is near Steinmetz Park and the community garden, with Ellis Hospital, Union College, GE, KAPL, SI Group, Rivers Casino, shopping, dining, and entertainment also identified in the surrounding area.
Its two-unit configuration supports a range of residential arrangements, including owner occupancy, multigenerational use, or rental occupancy.
Key Highlights
- Legal two‑family duplex with 1,907 square feet
- Solid brick construction, built in 1950
- Large, fully fenced private yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,717
Cap Rate
7.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$434,340
$434.3K
Cap Rate 7%
$310,243
$310.2K
Cap Rate 9%
$241,300
$241.3K
Market Conditions
NOI Build-Up for 1,907 SF
Gross rent
$33.2K $17.40/SF
− Vacancy
−$2.2K −$1.13/SF
EGI
$31.0K $16.27/SF
− OpEx
−$9.3K −$4.88/SF
NOI
$21.7K $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%
$434,340
Cap Rate 7%
$310,243
Cap Rate 9%
$241,300
Alternative Uses
Best Use
Multifamily LT 5
$310.2K
$271.5K – $362.0K
NOI $21,717 @ 7.0% cap · market cap 7.62%
Second Best
Apartment 5plus
$278.3K
$243.5K – $324.7K
NOI $19,480 @ 7.0% cap · market cap 6.84%
Theoretical Best
Office A
$570.8K
$499.4K – $665.9K
NOI $39,955 @ 7.0% cap · market cap 14.02%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
354
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Duplex - Updated two-unit residence with a fenced yard, balcony, fireplace, and two storage sheds.
Where is this duplex located?
The property is located at 2151 Lenox Road Schenectady, NY.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Legal two‑family duplex with 1,907 square feet; Solid brick construction, built in 1950; Large, fully fenced private yard
