Two-Unit Multifamily
For Sale
$275,000
27 Catherine Street, Schenectady, NY 12307
Two well-maintained units with separate utilities, a detached garage, and basement laundry facilities just off State Street.
Property Size2,120 SF
Price / SF$129.72
Days on Market149
Property Features for 27 Catherine Street
General Information
Standard status
Active
Size
2,120 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
2
Amenities
attic storage
laundry area
Building Details
Year Built
1910
Tenancy
Multi
Listing Agency:
Dufek Real Estate Group,LLC
Listed By:
Michael Dufek
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Mar 8
Changed: Jul 25
Last Checked: Aug 3 at 1:47PM
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 Dufek Real Estate Group,LLC
Investment Insights
Based on property information with market context.
This well-maintained two-unit multifamily duplex offers separate utilities for each unit. The property includes a detached garage, a walk-up attic for additional storage, and a large dry basement with a dedicated laundry area.
Located just off State Street, the home is described as conveniently near Proctors, Rivers Casino, public transportation, shopping, and restaurants. The public remarks also note reliable long-term tenants in place.
Ideal for an investor seeking a long-term rental asset or an owner-occupant looking to live in one unit while renting the other, the duplex provides a practical two-unit layout with multiple storage and service spaces.
Located just off State Street, the home is described as conveniently near Proctors, Rivers Casino, public transportation, shopping, and restaurants. The public remarks also note reliable long-term tenants in place.
Ideal for an investor seeking a long-term rental asset or an owner-occupant looking to live in one unit while renting the other, the duplex provides a practical two-unit layout with multiple storage and service spaces.
Key Highlights
- Two‑unit multifamily property built in 1910, well‑maintained and located just off State Street
- Separate utilities for each unit
- Detached garage on the property
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 | $36.9k | $17.40 |
| − Vacancy | −$2.4k | −$1.13 |
| EGI | $34.5k | $16.27 |
| − OpEx | −$10.3k | −$4.88 |
| NOI | $24.1k | $11.39 |
2,120 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$344.9K
$301.8K – $402.4K
NOI $24,143 @ 7.0% cap · market cap 8.78%
Second Best
Apartment 5plus
$309.4K
$270.7K – $360.9K
NOI $21,655 @ 7.0% cap · market cap 7.87%
Theoretical Best
Office A
$634.5K
$555.2K – $740.3K
NOI $44,418 @ 7.0% cap · market cap 16.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,696
Businesses Nearby
Explore this area
Business Placement
Demographics for 12307, NY
7,567
Population
3,491
Households
2.2
Avg Household Size
32
Median Age
14%
College-Educated
74%
High-School Grad
0.7 sq mi
ZIP Area
10,810
Density / Sq Mi
$33,191
Median Household Income
$28,878
Median Earnings
$1,110
Median Rent
$95,900
Median Home Value
Market
Properties on Market for Duplexes in Schenectady
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two well-maintained units with separate utilities, a detached garage, and basement laundry facilities just off State Street.
Where is this duplex located?
The property is located at 27 Catherine Street Schenectady, NY.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two‑unit multifamily property built in 1910, well‑maintained and located just off State Street; Separate utilities for each unit; Detached garage on the property
