302-304 Michigan Avenue, Schenectady, NY 12303
MULTI_FAMILY - Schenectady, NY
- Added:
- May 12, 2026
- Days on Market:
- 58
- Last Refresh:
- Jul 8 at 6:06 pm
Property Features for 302-304 Michigan Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 6, Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 5
- Parking features
- Driveway
- Patio and Porch features
- Porch
- Fencing
- Fenced
- Standard status
- Active
- Size
- 2,915 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8354
Utilities
- Heating system
- Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1890
- Number of units
- 2
- Flooring type
- Vinyl, Linoleum, Carpet
- Building materials
- Vinyl Siding
- Roof type
- Asphalt
Listing agent Moonrani G Gumani License #10401352209 (518) 356-1701
Listing office Miranda Real Estate Group Inc 1801 Altamont Ave Ste 1, Schenectady, NY (518) 356-1701
Listing date May 12, 2026
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Up‑and‑down duplex at 302‑304 Michigan Ave with 2,915 SF of living area and two separate units
- Six bedrooms and two full baths total, offering live‑in or lease‑both flexibility
- Two‑car detached garage plus paved driveway for off‑street parking
- Full basement with laundry hookups
- Fenced backyard and porch
- Hot water heat, asphalt roof, and vinyl siding
Overview
The property is located in Schenectady, NY, and features practical exterior improvements designed for day-to-day use. There is a paved driveway, a fenced backyard, and a two-car detached garage that supports off-street parking and additional storage.
For buyers seeking a straightforward residential income property or a live-in option with rental help, this duplex’s two-unit layout and in-unit bedroom/bath configuration can support a variety of household needs. The combination of detached garage parking, fenced outdoor space, and basement laundry hookups adds convenience for tenants and owner-occupants alike. This is a for-sale duplex offered as a manageable way to own a two-family home with room to tailor how you occupy and lease the units.
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 | $50.7k | $17.40 |
| − Vacancy | −$3.3k | −$1.13 |
| EGI | $47.4k | $16.27 |
| − OpEx | −$14.2k | −$4.88 |
| NOI | $33.2k | $11.39 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Schenectady
- County
- Schenectady
- State
- New York
- Longitude
- -73.932044
- Latitude
- 42.796625
