Two-Family Duplex with
For Sale
$399,000
22 Elder Street, Schenectady, NY 12304
Large two-family property in Schenectady’s Central State Street Neighborhood with substantial bedroom capacity and residential income use.
Property Size3,440 SF
Price / SF$115.99
Days on Market80
Property Features for 22 Elder Street
General Information
Standard status
Active
Size
3,440 SF
Total Parking Spaces
1
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,198
Building Details
Year Built
1910
Listing Agency:
Buy N Sell Realty Inc
Listed By:
Subhash D Sukhram · License #40SU1090746
(518) 322-9877
Source:
Capmarkrealty
Added: Jul 27
Changed: Oct 11
Last Checked: Oct 12 at 4:53PM
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 Buy N Sell Realty Inc
Investment Insights
Based on property information with market context.
Located at 22 Elder Street in Schenectady, this two-family duplex contains 3,440 square feet with 9 bedrooms and 2 full baths. The property also includes a 1-car garage, adding on-site vehicle storage to the residential layout.
Built in 1910, the property is situated in Schenectady’s Central State Street Neighborhood. Its two-family configuration and bedroom count define the asset as a residential income property with a substantial overall footprint.
Built in 1910, the property is situated in Schenectady’s Central State Street Neighborhood. Its two-family configuration and bedroom count define the asset as a residential income property with a substantial overall footprint.
Key Highlights
- Two‑family duplex configuration
- 3,440 square feet of building area
- 9 bedrooms and 2 full baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,139
Cap Rate
8.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$702,780
$702.8K
Cap Rate 7%
$501,986
$502.0K
Cap Rate 9%
$390,433
$390.4K
Market Conditions
NOI Build-Up for 3,440 SF
Gross rent
$68.1K $19.80/SF
− Vacancy
−$4.2K −$1.23/SF
EGI
$63.9K $18.57/SF
− OpEx
−$28.8K −$8.36/SF
NOI
$35.1K $10.21/SF
Area
Schenectady County, NY
Vacancy
6.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$702,780
Cap Rate 7%
$501,986
Cap Rate 9%
$390,433
Alternative Uses
Best Use
Multifamily LT 5
$559.7K
$489.7K – $652.9K
NOI $39,176 @ 7.0% cap · market cap 9.82%
Second Best
Apartment 5plus
$502.0K
$439.2K – $585.7K
NOI $35,139 @ 7.0% cap · market cap 8.81%
Theoretical Best
Office A
$1.03M
$900.9K – $1.20M
NOI $72,075 @ 7.0% cap · market cap 18.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
875
Businesses Nearby
Explore this area
Business Placement
Demographics for 12304, NY
21,513
Population
9,438
Households
2.3
Avg Household Size
40
Median Age
25%
College-Educated
88%
High-School Grad
6.7 sq mi
ZIP Area
3,211
Density / Sq Mi
$67,688
Median Household Income
$43,824
Median Earnings
$1,049
Median Rent
$171,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Large two-family property in Schenectady’s Central State Street Neighborhood with substantial bedroom capacity and residential income use.
Where is this duplex located?
The property is located at 22 Elder Street Schenectady, NY.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two‑family duplex configuration; 3,440 square feet of building area; 9 bedrooms and 2 full baths
