Two-Family Home with Off-Street
For Sale
$299,900
Pending
2530 Augustine Avenue, Rotterdam, NY 12306
MULTI_FAMILY - Other - Rotterdam, NY
Property Size1,728 SF
Lot Size0.15 Acres
Days on Market60
Property Features for 2530 Augustine Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 5
Parking
6
Parking features
Driveway
Security features
Security Lighting
Patio and Porch features
Porch
Interior features
Walk-In Closet(s)
Exterior features
Garden
Basement
Full
Lot features
Level, Cleared
Elementary school district
Mohonasen
Middle school district
Mohonasen
High school district
Mohonasen
Directions
Cleveland Ave. Drive to Augustine
Standard status
Pending
APN
422800 48.20-6-33
Size
1,728 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Annual Amount
4910
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Baseboard, Natural Gas
Cooling system
Window Unit(s)
Building Details
Year built
1920
Number of units
2
Flooring type
Hardwood, Laminate
Building materials
Vinyl Siding
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Tesoros Property Management LLC
(518) 225-4703
Listed By:
Gloria Herman · License #10491200011
(518) 225-4703
Added: Jun 21
Changed: Aug 11
Last Checked: Aug 19 at 3:06PM
MLS# 202620148
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.
Investment Insights
Based on property information with market context.
This well-maintained two-family home offers two separate units within a straightforward, owner-operator or rental-friendly layout. Both units include large eat-in kitchens, generous closet space, and new appliances installed in 2024. The second-floor unit also has hardwood floors beneath the carpeting. Recent improvements include a new roof (2024), new gutters (2024), a new chimney liner (2020), updated electrical service with a new weatherhead and wiring (2020), new front doors (2020), and a newer boiler (2008), supporting dependable day-to-day operation.
Set on a spacious double lot in a quiet neighborhood, the property provides six off-street parking spaces for residents and guests. It is also located within the Mohonasen School District, with convenient access to shopping, schools, and major highways.
The duplex configuration makes this property practical for investors seeking rental income from both units or for owner-occupants looking to offset housing expenses. With multiple mechanical and exterior updates already completed in recent years, the home is positioned for tenants and buyers who value a relatively move-in-ready, low-maintenance profile.
Set on a spacious double lot in a quiet neighborhood, the property provides six off-street parking spaces for residents and guests. It is also located within the Mohonasen School District, with convenient access to shopping, schools, and major highways.
The duplex configuration makes this property practical for investors seeking rental income from both units or for owner-occupants looking to offset housing expenses. With multiple mechanical and exterior updates already completed in recent years, the home is positioned for tenants and buyers who value a relatively move-in-ready, low-maintenance profile.
Key Highlights
- Two‑family home in Mohonasen School District built in 1920
- Spacious double lot with six off‑street parking spaces and driveway parking
- Both units feature large eat‑in kitchens, generous closet space, and new appliances installed in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,679
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$393,580
$393.6K
Cap Rate 7%
$281,129
$281.1K
Cap Rate 9%
$218,656
$218.7K
Market Conditions
NOI Build-Up for 1,728 SF
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.
Gross rent
$30.1K $17.40/SF
− Vacancy
−$2.0K −$1.13/SF
EGI
$28.1K $16.27/SF
− OpEx
−$8.4K −$4.88/SF
NOI
$19.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$393,580
Cap Rate 7%
$281,129
Cap Rate 9%
$218,656
Alternative Uses
Best Use
Multifamily LT 5
$281.1K
$246.0K – $328.0K
NOI $19,679 @ 7.0% cap · market cap 6.56%
Second Best
Apartment 5plus
$252.2K
$220.6K – $294.2K
NOI $17,651 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$517.2K
$452.6K – $603.4K
NOI $36,205 @ 7.0% cap · market cap 12.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
426
Businesses Nearby
Explore this area
Business Placement
Demographics for 12306, NY
26,935
Population
12,481
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
94%
High-School Grad
43.9 sq mi
ZIP Area
614
Density / Sq Mi
$80,583
Median Household Income
$46,702
Median Earnings
$1,221
Median Rent
$212,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained two-unit residence with six off-street spaces, updated mechanicals, and eat-in kitchens in the Mohonasen School District.
Where is this duplex located?
The property is located at 2530 Augustine Avenue Rotterdam, NY.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two‑family home in Mohonasen School District built in 1920; Spacious double lot with six off‑street parking spaces and driveway parking; Both units feature large eat‑in kitchens, generous closet space, and new appliances installed in 2024
