Two-Family Duplex With Detached
For Sale
$375,000
Pending
302-304 Michigan Avenue, Schenectady, NY 12303
MULTI_FAMILY - Schenectady, NY
Property Size2,915 SF
Lot Size0.11 Acres
Days on Market83
Property Features for 302-304 Michigan Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bedroom 6, Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 4, Bathroom 1
Parking features
Driveway
Patio and Porch features
Porch
Fencing
Fenced
High school district
000000
Directions
From I-890, take Exit 4 (Broadway). Head south on Broadway, then turn right onto Michigan Avenue. The home is on the right.
Standard status
Pending
APN
421500 49.66-1-7 01
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
Linoleum, Carpet, Vinyl
Building materials
Vinyl Siding
Roof type
Asphalt
Listing Agency:
Miranda Real Estate Group Inc
(518) 356-1701
Listed By:
Moonrani G Gumani · License #10401352209
(518) 356-1701
Added: May 12
Changed: Jul 29
Last Checked: Aug 2 at 11:06AM
MLS# 11743283
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.
Investment Insights
Based on property information with market context.
302-304 Michigan Avenue presents an up-and-down two-family duplex with a total of 2,915 square feet of living area. The home is configured with six bedrooms and two full baths across two well-proportioned units, offering flexibility for owner-occupancy or leasing both units.
Additional property features include a full basement with laundry hookups, hot water heat, vinyl siding, and a two-car detached garage. The paved driveway and fenced backyard add practical outdoor space for day-to-day use.
The property is listed for sale in Schenectady, New York.
Additional property features include a full basement with laundry hookups, hot water heat, vinyl siding, and a two-car detached garage. The paved driveway and fenced backyard add practical outdoor space for day-to-day use.
The property is listed for sale in Schenectady, New York.
Key Highlights
- Two‑family duplex at 302‑304 Michigan Ave with 2,915 SF total living area
- Six bedrooms total (3 in each unit) plus two full bathrooms
- Two‑car detached garage with paved driveway
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 |
2,915 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$474.2K
$415.0K – $553.3K
NOI $33,197 @ 7.0% cap · market cap 8.85%
Second Best
Apartment 5plus
$425.4K
$372.2K – $496.3K
NOI $29,776 @ 7.0% cap · market cap 7.94%
Theoretical Best
Office A
$872.5K
$763.4K – $1.02M
NOI $61,075 @ 7.0% cap · market cap 16.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
682
Businesses Nearby
Explore this area
Business Placement
Demographics for 12303, NY
30,893
Population
12,533
Households
2.5
Avg Household Size
41
Median Age
35%
College-Educated
90%
High-School Grad
15.6 sq mi
ZIP Area
1,980
Density / Sq Mi
$77,615
Median Household Income
$50,051
Median Earnings
$1,120
Median Rent
$227,500
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 - Up-and-down duplex at 302-304 Michigan Avenue features two units, full basement with laundry hookups, and a two-car detached garage.
Where is this duplex located?
The property is located at 302-304 Michigan Avenue Schenectady, NY.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two‑family duplex at 302‑304 Michigan Ave with 2,915 SF total living area; Six bedrooms total (3 in each unit) plus two full bathrooms; Two‑car detached garage with paved driveway
