Brick Duplex with Private
2151 Lenox Road, Schenectady, NY 12308
For Sale
$285,000
Pending
A legal two-unit residence combines separate living areas with outdoor space and storage sheds.
Property Size1,907 SF
Days on Market67
Property Features for 2151 Lenox Road
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Amenities
fireplace
cedar closet
balcony
private fenced yard
sheds
Building Details
Year Built
Buildings
Stories
Construction
Listing Agency:
Berkshire Hathaway Home Services Blake
(518) 439-4943
Listed By:
Ripon Roy · License #10401342044
(646) 752-1721
Source:
Simplywoodardrealestate
Added: Sep 4
Changed: Nov 8
Last Checked: Nov 8 at 10:25AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,907-square-foot brick duplex was built in 1950 and is designated as a legal two-family property. The first-floor unit has a fireplace and cedar closet, along with a possible three-season room. A balcony serves the second-floor unit. Outside, the property includes a fenced yard and two storage sheds. Recent updates are noted, though specific work is not detailed.
Steinmetz Park and a community garden are nearby. Ellis Hospital, Union College, GE, KAPL, SI Group, Rivers Casino, shopping, dining, and entertainment are also identified in the surrounding area.
Steinmetz Park and a community garden are nearby. Ellis Hospital, Union College, GE, KAPL, SI Group, Rivers Casino, shopping, dining, and entertainment are also identified in the surrounding area.
Key Highlights
- Legal two‑family brick property
- 1,907 square feet; built in 1950
- First‑floor fireplace and cedar closet
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
354
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
$180,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Schenectady, NY
Properties on Market for Duplexes in Schenectady
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A legal two-unit residence combines separate living areas with outdoor space and 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 brick property; 1,907 square feet; built in 1950; First‑floor fireplace and cedar closet
