Three-Family Residential Income
2187 Central Avenue Schenectady, NY 12304
New
MULTI_FAMILY - Schenectady, NY
Property size:
2,944 SFLot size:
0.39 AcresPrice / SF:
$169/SF- Added:
- Jul 10, 2026
- Days on Market:
- 1
- Last Refresh:
- Jul 10 at 4:06 pm
Property Features for 2187 Central Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi Residence
- Bedrooms
- 7
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 4, Bedroom 1, Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 7, Bedroom 5, Bedroom 6, Bedroom 3, Bathroom 2
- Parking
- 9
- Parking features
- Garage, Driveway
- Patio and Porch features
- Patio
- Interior features
- High Speed Internet, Ceramic Tile Bath, Chair Rail, Crown Molding
- Exterior features
- Garden
- Fireplace
- 1
- Basement
- Interior Entry, Exterior Entry, Unfinished, Finished
- Standard status
- Active
- APN
- 012689 16.2-1-42
- Size
- 2,944 SF
- Lot size
- 0.39 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5935
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1950
- Number of units
- 3
- Flooring type
- Tile, Hardwood, Carpet
- Building materials
- Brick
- Roof type
- Asphalt
- Additional Structures
- Second Garage
Listing agent Rachel Kusaywa License #10401243326 (518) 542-6070
Listing office KW Platform 935 New Loudon Rd, Latham, NY (518) 724-5800
Listing date Jul 10, 2026
MLS# 202621537
Listing URL
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 three-family residential income property offers flexible living arrangements with a spacious owner unit plus two additional apartments. The owner unit includes 3 bedrooms and 1.5 bathrooms, along with a flex bedroom that could be incorporated into any unit for additional living or rental space. Two other apartments include a 2-bedroom unit and a 1-bedroom unit. The garden-level basement is partially finished and presents opportunity for expanded finished living space, and may allow for a future fourth unit subject to approvals and permits.
Outside, the home features a large, private backyard with a patio. Parking and storage are supported by an attached one-car garage and a detached one-car garage; the detached garage has electricity and water run to it. The property is in the South Colonie School District and is described as having low Colonie taxes, with easy access to a major bus route and nearby shopping, restaurants, and everyday amenities. Photos are limited for tenant privacy.
Outside, the home features a large, private backyard with a patio. Parking and storage are supported by an attached one-car garage and a detached one-car garage; the detached garage has electricity and water run to it. The property is in the South Colonie School District and is described as having low Colonie taxes, with easy access to a major bus route and nearby shopping, restaurants, and everyday amenities. Photos are limited for tenant privacy.
Key Highlights
- Rare three‑family brick home in South Colonie School District with an owner unit plus a 2‑bedroom and a 1‑bedroom apartment
- Flex bedroom can be incorporated into a unit for additional living space or potential rental value
- Large partially finished garden‑level basement with potential to add finished living space or a future fourth unit (subject to approvals/permits)
Local Financial Insights For Multifamily LT 5
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 | $51.2k | $17.40 |
| − Vacancy | −$3.3k | −$1.13 |
| EGI | $47.9k | $16.27 |
| − OpEx | −$14.4k | −$4.88 |
| NOI | $33.5k | $11.39 |
2,944 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$479.0K
$419.1K – $558.8K
NOI $33,527 @ 7.0% cap · market cap 6.71%
Second Best
Apartment 5plus
$429.6K
$375.9K – $501.2K
NOI $30,072 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office A
$881.2K
$771.0K – $1.03M
NOI $61,683 @ 7.0% cap · market cap 12.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-family home with an owner unit plus 2-bedroom and 1-bedroom apartments, including a partially finished garden-level basement.
Where is this triplex located?
The property is located at 2187 Central Avenue Schenectady, NY.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Rare three‑family brick home in South Colonie School District with an owner unit plus a 2‑bedroom and a 1‑bedroom apartment; Flex bedroom can be incorporated into a unit for additional living space or potential rental value; Large partially finished garden‑level basement with potential to add finished living space or a future fourth unit (subject to approvals/permits)
