232 3rd Street, Schenectady, NY 12302
MULTI_FAMILY - Other - Schenectady, NY
- Added:
- Jun 16, 2026
- Days on Market:
- 4
- Last Refresh:
- Jun 19 at 5:06 am
Property Features for 232 3rd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2
- Parking
- 4
- Parking features
- Driveway, Garage, Off Street
- Basement
- Interior Entry
- Standard status
- Active
- APN
- 422201 38.28-1-36.2
- Size
- 1,504 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6000
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Electric (Heating), Forced Air, Baseboard
- Water source
- Public
Building Details
- Year built
- 1903
- Number of units
- 2
- Building materials
- Vinyl Siding
- Architectural style
- Other
Listing agent Thaddeus Jones License #10301220962 (518) 681-1836
Listing office KW Platform 935 New Loudon Rd, Latham, NY (518) 724-5800
Listing date Jun 16, 2026
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
- Two‑family property built in 1903 with vinyl siding and public water and public sewer
- First‑floor apartment has 2 bedrooms, hardwood floors, bright living room, formal dining room, and a large eat‑in kitchen
- First floor is currently occupied by long‑term tenants
- Second‑floor unit has a spacious bedroom, living area, and kitchen with dining space; second floor is vacant
- Finished basement area plus a bonus rear room for additional living space
- Covered front porch and manageable backyard, with driveway, garage, and off‑street parking
Overview
Located at 232 3rd Street in Schenectady, NY, the property sits on a small lot and includes a manageable backyard for outdoor relaxation. The first floor is occupied by long-term tenants, while the second floor is currently vacant.
For buyers, this configuration can suit either an investor seeking an income-producing first unit or an owner-occupant looking to live in one unit while using the other for flexible occupancy. The separate unit layouts, covered porch, and added basement/bonus space on the first floor provide everyday livability for either tenant or household use.
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 | $26.2k | $17.40 |
| − Vacancy | −$1.7k | −$1.13 |
| EGI | $24.5k | $16.27 |
| − OpEx | −$7.3k | −$4.88 |
| NOI | $17.1k | $11.39 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Schenectady
- County
- Schenectady
- State
- New York
- Longitude
- -73.965891
- Latitude
- 42.830946
