Duplex with Detached
New
For Sale
$270,000
23 Robinson St, Schenectady, NY 12304
Both residences are occupied, with a private driveway and separate garage.
Property Size2,096 SF
Price / SF$128.82
Days on Market3
Property Features for 23 Robinson St
General Information
Standard status
Active
Size
2,096 SF
Total Parking Spaces
1
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
2
Building Details
Year Built
1900
Listing Agency:
Chad Majewski Real Estate
Listed By:
Michael Field
(518) 669-1804
Source:
Fieldrealty
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 14 at 8:23PM
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 Chad Majewski Real Estate
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Investment Insights
Based on property information with market context.
This two-family property contains 2,096 square feet and dates to 1900. Both residences are fully occupied. A private driveway and detached garage provide on-site parking and storage.
The property is a short distance from State St. in Schenectady.
The property is a short distance from State St. in Schenectady.
Key Highlights
- 2,096‑square‑foot duplex with both units fully rented
- Detached garage and private driveway
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,870
Cap Rate
8.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$477,400
$477.4K
Cap Rate 7%
$341,000
$341.0K
Cap Rate 9%
$265,222
$265.2K
Market Conditions
NOI Build-Up for 2,096 SF
Gross rent
$36.5K $17.40/SF
− Vacancy
−$2.4K −$1.13/SF
EGI
$34.1K $16.27/SF
− OpEx
−$10.2K −$4.88/SF
NOI
$23.9K $11.39/SF
Area
Schenectady County, NY
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$477,400
Cap Rate 7%
$341,000
Cap Rate 9%
$265,222
Alternative Uses
Best Use
Multifamily LT 5
$341.0K
$298.4K – $397.8K
NOI $23,870 @ 7.0% cap · market cap 8.84%
Second Best
Apartment 5plus
$305.9K
$267.6K – $356.8K
NOI $21,410 @ 7.0% cap · market cap 7.93%
Theoretical Best
Office A
$627.4K
$548.9K – $731.9K
NOI $43,915 @ 7.0% cap · market cap 16.26%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied, with a private driveway and separate garage.
Where is this duplex located?
The property is located at 23 Robinson St Schenectady, NY.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: 2,096‑square‑foot duplex with both units fully rented; Detached garage and private driveway; Built in 1900
