Up-and-Down Duplex with
218 Cherry Street Schenectady, NY 12306
New
218 Cherry Street, Schenectady, NY, 12306
$299,900
For Sale
$299,900
MULTI_FAMILY - Other - Schenectady, NY
Property Size2,600 SF
Lot Size0.12 Acres
Price / SF$115.35
Days on Market2
Property Features for 218 Cherry Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 7
- Bathrooms
- 3
- Rooms
- Bedroom 6, Bedroom 1, Bedroom 4, Bedroom 5, Bathroom 3, Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 7, Bathroom 1
- Parking
- 2
- Parking features
- Off Street, Driveway
- Patio and Porch features
- Porch, Deck
- Interior features
- Solid Surface Counters, Paddle Fan
- Basement
- Full, Interior Entry
- Standard status
- Active
- APN
- 421500 48.51-4-5
- Size
- 2,600 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6026
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1900
- Number of units
- 2
- Flooring type
- Linoleum, Laminate, Hardwood
- Building materials
- Vinyl Siding
- Roof type
- Asphalt
- Architectural style
- Other
Listing agency
KW Platform
(518) 724-5800
Listed by
Dominick Ieraci · License #30IE0802009
(518) 339-0052
Added: Jul 21 Checked: Jul 22 at 9:06AM
MLS# 202622250
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 well-maintained up-and-down duplex features two spacious flats. Classic columns separate the living room and dining rooms, and both units include generous eat-in kitchens with walk-in pantry closets. Original hardwood floors are complemented by some newer laminate flooring.
Unit one offers 2 bedrooms, while oversized unit two provides 5 bedrooms, including two private bedrooms and a full bath located on the finished third-floor area. Exterior improvements include newer vinyl siding and some replacement windows.
The property also includes attractive covered front porches for the first- and second-floor units, plus a rear deck overlooking a large, level backyard. Off-street parking is available, and both units are currently tenant-occupied.
Unit one offers 2 bedrooms, while oversized unit two provides 5 bedrooms, including two private bedrooms and a full bath located on the finished third-floor area. Exterior improvements include newer vinyl siding and some replacement windows.
The property also includes attractive covered front porches for the first- and second-floor units, plus a rear deck overlooking a large, level backyard. Off-street parking is available, and both units are currently tenant-occupied.
Key Highlights
- Up‑and‑down duplex with 2 flats; both units are tenant‑occupied
- Unit 1 offers 2 bedrooms; Unit 2 offers 5 bedrooms including two private bedrooms and a full bath on the finished 3rd‑floor area
- Eat‑in kitchens with walk‑in pantry closets and solid surface counters
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.5k | $19.80 |
| − Vacancy | −$3.2k | −$1.23 |
| EGI | $48.3k | $18.57 |
| − OpEx | −$21.7k | −$8.36 |
| NOI | $26.6k | $10.21 |
2,600 SF · lease $19.80/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$423.0K
$370.1K – $493.5K
NOI $29,610 @ 7.0% cap · market cap 9.87%
Second Best
Apartment 5plus
$379.4K
$332.0K – $442.7K
NOI $26,559 @ 7.0% cap · market cap 8.86%
Theoretical Best
Office A
$778.2K
$680.9K – $907.9K
NOI $54,475 @ 7.0% cap · market cap 18.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Tenant-occupied up-and-down duplex with eat-in kitchens, walk-in pantry closets, covered porches, and off-street parking.
Where is this duplex located?
The property is located at 218 Cherry Street Schenectady, NY.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Up‑and‑down duplex with 2 flats; both units are tenant‑occupied; Unit 1 offers 2 bedrooms; Unit 2 offers 5 bedrooms including two private bedrooms and a full bath on the finished 3rd‑floor area; Eat‑in kitchens with walk‑in pantry closets and solid surface counters
