Two-Family Residential Income
2332 Turner Avenue Schenectady, NY 12306
2332 Turner Avenue, Schenectady, NY, 12306
$252,000
For Sale
$252,000
Two-unit duplex with a 2-bedroom, 2-bath first floor and a 3-bedroom, 1-bath second floor.
Property Size1,932 SF
Price / SF$130.43
Days on Market126
Property Features for 2332 Turner Avenue
General Information
- Standard status
- Active
- Size
- 1,932 SF
- Property subtype
- Multi Family / Duplex
Building Details
- Year Built
- 1932
Listing agency
Howard Hanna
(518) 281-5612
Listed by
John P Digesualdo · License #10301209600
(518) 281-5612
Source
Compass
Added: Mar 20 Updated: Jul 22 at 11:01PM Checked: Jul 22 at 11:01PM
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 Howard Hanna
Investment Insights
Based on property information with market context.
This two-family duplex offers two separate residential units. The first-floor unit includes two bedrooms and two full bathrooms, while the second-floor unit features three bedrooms and one bathroom. The second-floor unit was recently freshened up and may be delivered vacant.
Located at 2332 Turner Avenue in Schenectady, NY 12306, the property is set up for income-producing residential use with two distinct living layouts.
Overall, the building provides a practical two-unit configuration, with unit interiors and room counts defined as described above.
Located at 2332 Turner Avenue in Schenectady, NY 12306, the property is set up for income-producing residential use with two distinct living layouts.
Overall, the building provides a practical two-unit configuration, with unit interiors and room counts defined as described above.
Key Highlights
- Two‑family duplex built in 1932 with separate living layouts for two units
- First‑floor unit features 2 bedrooms and 2 full baths with hardwood, tile, and carpet flooring
- Second‑floor unit features 3 bedrooms and 1 bathroom with freshened‑up interior that can be delivered vacant
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 | $33.6k | $17.40 |
| − Vacancy | −$2.2k | −$1.13 |
| EGI | $31.4k | $16.27 |
| − OpEx | −$9.4k | −$4.88 |
| NOI | $22.0k | $11.39 |
1,932 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$314.3K
$275.0K – $366.7K
NOI $22,002 @ 7.0% cap · market cap 8.73%
Second Best
Apartment 5plus
$281.9K
$246.7K – $328.9K
NOI $19,735 @ 7.0% cap · market cap 7.83%
Theoretical Best
Office A
$578.3K
$506.0K – $674.7K
NOI $40,479 @ 7.0% cap · market cap 16.06%
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 - Two-unit duplex with a 2-bedroom, 2-bath first floor and a 3-bedroom, 1-bath second floor.
Where is this duplex located?
The property is located at 2332 Turner Avenue Schenectady, NY.
What is the asking price?
The asking price for this property is $252,000.
What are key features of this property?
This property features: Two‑family duplex built in 1932 with separate living layouts for two units; First‑floor unit features 2 bedrooms and 2 full baths with hardwood, tile, and carpet flooring; Second‑floor unit features 3 bedrooms and 1 bathroom with freshened‑up interior that can be delivered vacant
