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    Three-Unit Residential Income Property Title is generated by Realmo AI

    2237 Ghents Road, Schenectady, NY 12306

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    Claim this Listing
    Pending
    $325,000

    MULTI_FAMILY - Schenectady, NY

    Property size:
    2,330 SF
    Lot size:
    0.76 Acres
    Added:
    Dec 20, 2025
    Days on Market:
    193
    Last Refresh:
    Jul 1 at 5:06 pm

    Property Features for 2237 Ghents Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Multi Residence
    Bedrooms
    7
    Bathrooms
    3
    Rooms
    Bathroom 2, Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 3, Bedroom 7, Bedroom 6, Bedroom 5
    Parking
    6
    Parking features
    Garage
    Standard status
    Pending
    APN
    422800 70.8-1-12
    Size
    2,330 SF
    Lot size
    0.76 Acres

    Taxes and HOA fees

    Tax Annual Amount
    6511

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Natural Gas, Hot Water(Heating)
    Water source
    Public

    Building Details

    Year built
    1950
    Number of units
    3
    Building materials
    Aluminum Siding
    Roof type
    Asphalt

    We can help!

    Contact an agent
    George T Tomaselli

    Listing agent George T Tomaselli License #30TO0245901

    Listing office Howard Hanna Capital Inc 480 Balltown Road, Clifton Park, NY

    Listing date Dec 20, 2025

    MLS# 202531028 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.

    HighLights

    • Rare 3‑family property in Rotterdam with Mohonasen schools
    • Separate utilities for each unit with 100‑amp service and C/breakers
    • 2‑car garage plus washer and dryer hookups in the garage for each unit
    • Windows have been replaced; exterior finished with aluminum siding
    • Natural gas hot water heating and public water supply
    • Septic tank sewer system and asphalt shingle roof; year built 1950

    Overview

    This three-unit residential income property is set up as separate, self-contained living spaces. Each unit has its own utility setup, with C/breakers and 100-amp service, and each includes washer and dryer hookups located in the garage. The property also features replaced windows, supporting improved building performance and reduced near-term exterior maintenance. A private setting and a two-car garage add practical storage and convenience.

    The property is located at 2237 Ghents Road in Schenectady, NY, within Multi Residence zoning. The listing notes that tenants are on month-to-month terms. Showings require 24-hour notice.

    For buyers seeking a small-scale rental portfolio, this layout offers the operational simplicity of separate utilities and in-garage laundry hookups for each unit. For owner-occupants, the configuration may support living in one unit while renting the others. The listing indicates the property is back on the market pending cancellation being signed.

    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 $40.5k $17.40
    − Vacancy −$2.6k −$1.13
    EGI $37.9k $16.27
    − OpEx −$11.4k −$4.88
    NOI $26.5k $11.39
    2,330 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $379.1K
    $331.7K – $442.3K (±1% cap)
    NOI $26,535 @ 7.0% cap · market cap 8.16%
    Second Best
    Apartment 5plus
    $340.0K
    $297.5K – $396.7K (±1% cap)
    NOI $23,801 @ 7.0% cap · market cap 7.32%
    Theoretical Best
    Office A
    $697.4K
    $610.2K – $813.6K (±1% cap)
    NOI $48,818 @ 7.0% cap · market cap 15.02%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Schenectady
    County
    Schenectady
    State
    New York
    Longitude
    -73.968218
    Latitude
    42.76513

    FAQs

    What type of property is this?
    Triplex - Three separate units with private utility service and garage hookups, suited for owner-occupants or income-focused buyers.
    Where is this triplex located?
    The property is located at 2237 Ghents Road Schenectady, NY.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: Rare 3‑family property in Rotterdam with Mohonasen schools; Separate utilities for each unit with 100‑amp service and C/breakers; 2‑car garage plus washer and dryer hookups in the garage for each unit
    More about this property
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