Vacant Duplex with
New
For Sale
$239,000
2177 Helderberg Avenue, Schenectady, NY 12306
MultiFamily, Schenectady, NY
Property Size1,823 SF
Lot Size0.56 Acres
Price / SF$131.10
Days on Market4
Property Features for 2177 Helderberg Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 1
Parking
10
Parking features
Driveway, Off Street
Patio and Porch features
Porch
Exterior features
Garden
Basement
Full
Lot features
Level, Cleared
Elementary school district
Mohonasen
Middle school district
Mohonasen
High school district
Mohonasen
Directions
From I-90 W take exit 25 for I-890/NY-7 toward NY-146/Schenectady. Take exit 9 to NY-7 W/Curry Rd toward NY-146. Continue on Curry Rd to take a left onto Helderberg Ave. The house will be on your right after the bridge/overpass.
Standard status
Active
APN
422800 70.8-2-11.111
Size
1,823 SF
Lot size
0.56 Acres
Taxes and HOA fees
Tax Annual Amount
5164
Utilities
Sewer type
Septic Tank
Heating system
Natural Gas, Baseboard, Electric (Heating)
Water source
Public
Amenities
garage
sheds
barn
Building Details
Year built
1930
Number of units
2
Flooring type
Carpet, Laminate, Tile - Ceramic, Wood
Building materials
Wood Siding
Roof type
Shingle, Asphalt
Architectural style
Other
Additional Structures
Outbuilding
Listing Agency:
Re Max Capital · RE/MAX International
(518) 724-6800
Listed By:
Carmen Rau · License #10401282342
(518) 810-9403
Added: Sep 1
Changed: Sep 3
Last Checked: Sep 4 at 12:06AM
MLS# 202625352
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-family property at 2177 Helderberg Avenue provides 1,823 square feet of residential space on 0.56 acres. The 1930-built home includes two bathrooms and four bedrooms, with hardwood, carpet, laminate, and ceramic tile flooring. A newer roof, new septic system, natural gas service, baseboard heating, and public water are among the property’s documented improvements and systems.
Exterior features include wood siding, a porch, multiple sheds, a spacious barn, a one-car garage, and a paved driveway with off-street parking. The property is currently vacant and is located in Rotterdam within the Mohonasen School District. Its Schenectady address places the home in the 12306 postal area.
Exterior features include wood siding, a porch, multiple sheds, a spacious barn, a one-car garage, and a paved driveway with off-street parking. The property is currently vacant and is located in Rotterdam within the Mohonasen School District. Its Schenectady address places the home in the 12306 postal area.
Key Highlights
- Two‑family duplex with 1,823 square feet on 0.56 acres
- Built in 1930 with a newer roof and new septic system
- Spacious barn, multiple sheds, and one‑car garage
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
$20,761
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
8.69%
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%
$415,220
$415.2K
Cap Rate 7%
$296,586
$296.6K
Cap Rate 9%
$230,678
$230.7K
Market Conditions
NOI Build-Up for 1,823 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
$31.7K $17.40/SF
− Vacancy
−$2.1K −$1.13/SF
EGI
$29.7K $16.27/SF
− OpEx
−$8.9K −$4.88/SF
NOI
$20.8K $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%
$415,220
Cap Rate 7%
$296,586
Cap Rate 9%
$230,678
Alternative Uses
Best Use
Multifamily LT 5
$296.6K
$259.5K – $346.0K
NOI $20,761 @ 7.0% cap · market cap 8.69%
Second Best
Apartment 5plus
$266.0K
$232.8K – $310.4K
NOI $18,622 @ 7.0% cap · market cap 7.79%
Theoretical Best
Office A
$545.6K
$477.4K – $636.6K
NOI $38,195 @ 7.0% cap · market cap 15.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
43
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-family property with a garage, multiple sheds, hardwood flooring, and paved off-street parking.
Where is this duplex located?
The property is located at 2177 Helderberg Avenue Schenectady, NY.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Two‑family duplex with 1,823 square feet on 0.56 acres; Built in 1930 with a newer roof and new septic system; Spacious barn, multiple sheds, and one‑car garage
