302-304 Michigan Avenue, Schenectady, NY 12303
Multi-Unit - Schenectady, NY
- Added:
- May 12, 2026
- Days on Market:
- 30
- Last Refresh:
- Jun 10 at 8:06 am
Property Features for 302-304 Michigan Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen
- Parking features
- Garage
- Basement Y/N
- 1
- Standard status
- Active
- APN
- 421500 49.66-1-7 01
- Size
- 2,915 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8354
Building Details
- Year built
- 1890
- Year renovated
- 1890
- Number of units
- 2
- Flooring type
- Carpet, Linoleum, Vinyl
- Building materials
- Vinyl Siding
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Moonrani Gumani (201) 238-4972
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 living area
- Two‑family layout with 6 bedrooms and 2 full bathrooms total across two units
- Full basement with laundry hookups
- Two‑car detached garage, paved driveway, and fenced backyard
- Hot water heat; vinyl siding; asphalt roof
- Interior flooring includes carpet, linoleum, and vinyl
Overview
Located in Schenectady, the property’s residential setting supports a practical live-in or investor strategy. With a compact lot size and a well-defined home footprint, the duplex setup is straightforward for tenants and owners who prefer a manageable, self-contained rental arrangement.
This property is well suited to buyers looking for flexible occupancy options, whether you plan to live in one unit while renting the other or lease both units for full income participation. The combination of separate unit functionality, in-home laundry hookups, and detached parking helps round out a strong day-to-day tenant experience, while offering investors a manageable multifamily asset.
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
