Move-In Ready Two-Family
222 Duane Avenue Schenectady, NY 12307
222 Duane Avenue, Schenectady, NY, 12307
$332,900
For Sale
$332,900
Updated two-family residence with 3-bedroom units, separate utilities, off-street parking, and a spacious garage.
Property Size2,700 SF
Price / SF$123.30
Days on Market194
Property Features for 222 Duane Avenue
General Information
- Standard status
- Active
- Size
- 2,700 SF
- Property subtype
- Multi Family / Duplex
Building Details
- Year Built
- 1910
Listing agency
Gabler Realty LLC
(347) 848-4836
Listed by
Patrick Keaton · License #10401356287
(347) 848-4836
Source
Compass
Added: Jan 9 Updated: Jul 21 at 5:39PM Checked: Jul 21 at 5:39PM
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 Gabler Realty LLC
Investment Insights
Based on property information with market context.
This move-in ready two-family home features a rare brick exterior and a spacious garage with plenty of storage. Each unit is configured with three bedrooms and a full bathroom, along with off-street parking. Unit 224 includes a recently updated kitchen with solid surface counters, a tile backsplash, stainless steel appliances, and updated flooring, plus a laundry/mud room area at the rear of the unit. Unit 222 offers updated laminate flooring and recessed lighting, along with additional bonus space off the family room that can serve as an office nook or storage area.
Recent improvements include new windows installed in 2022 and replacement of both water heaters in 2022. The full bathroom in Unit 224 was updated in 2022 with a marble vanity and ceramic tile. The gas and electric are separated for each unit, with 100-amp panels for each.
The property is located near Dr. MLK Jr. Elementary School and includes unit-specific updates that support both owner-occupancy and rental use.
Recent improvements include new windows installed in 2022 and replacement of both water heaters in 2022. The full bathroom in Unit 224 was updated in 2022 with a marble vanity and ceramic tile. The gas and electric are separated for each unit, with 100-amp panels for each.
The property is located near Dr. MLK Jr. Elementary School and includes unit-specific updates that support both owner-occupancy and rental use.
Key Highlights
- Large two‑family home built in 1910 with two separate 3‑bedroom units
- Recently updated unit 224: kitchen updates in 2022 and bathroom updated in 2022
- Unit 222 features updated laminate flooring (2022) and recessed lighting
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 | $53.5k | $19.80 |
| − Vacancy | −$3.3k | −$1.23 |
| EGI | $50.1k | $18.57 |
| − OpEx | −$22.6k | −$8.36 |
| NOI | $27.6k | $10.21 |
2,700 SF · lease $19.80/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$439.3K
$384.4K – $512.5K
NOI $30,748 @ 7.0% cap · market cap 9.24%
Second Best
Apartment 5plus
$394.0K
$344.8K – $459.7K
NOI $27,580 @ 7.0% cap · market cap 8.28%
Theoretical Best
Office A
$808.1K
$707.1K – $942.8K
NOI $56,570 @ 7.0% cap · market cap 16.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Updated two-family residence with 3-bedroom units, separate utilities, off-street parking, and a spacious garage.
Where is this duplex located?
The property is located at 222 Duane Avenue Schenectady, NY.
What is the asking price?
The asking price for this property is $332,900.
What are key features of this property?
This property features: Large two‑family home built in 1910 with two separate 3‑bedroom units; Recently updated unit 224: kitchen updates in 2022 and bathroom updated in 2022; Unit 222 features updated laminate flooring (2022) and recessed lighting
