Updated Four-Unit
New
For Sale
$425,000
314 Georgetta Dix, Schenectady, NY 12307
Fully occupied multifamily property featuring refreshed interiors and building-system improvements.
Property Size2,886 SF
Price / SF$147.26
Days on Market5
Property Features for 314 Georgetta Dix
General Information
Standard status
Active
Size
2,886 SF
Property subtype
Multi-family
Occupancy
100%
Additional Details
Multifamily Units
4
Building Details
Year Built
1900
Buildings
1
Tenancy
Multi
Listing Agency:
KW Platform
Listed By:
Kyle R DeMeo
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Sep 8
Changed: Sep 11
Last Checked: Sep 11 at 2:10PM
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 KW Platform
Investment Insights
Based on property information with market context.
This four-unit multifamily property contains 2,886 square feet and was built in 1900. Interior work includes refinished hardwood floors, new flooring, and fresh paint, along with plumbing and electrical improvements. All four units are currently occupied, providing an established rental arrangement for a new owner.
The property is located at 314 Georgetta Dix in Schenectady, with access to local shopping, restaurants, amenities, and major roadways. Its four-unit configuration also supports an owner-occupant arrangement, allowing the owner to reside in one unit while retaining three occupied units.
The property is located at 314 Georgetta Dix in Schenectady, with access to local shopping, restaurants, amenities, and major roadways. Its four-unit configuration also supports an owner-occupant arrangement, allowing the owner to reside in one unit while retaining three occupied units.
Key Highlights
- Four‑unit multifamily property with all units currently occupied
- 2,886 square feet across the property
- Interior updates include refinished hardwood floors, new flooring, and fresh paint
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
$32,867
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
7.73%
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%
$657,340
$657.3K
Cap Rate 7%
$469,529
$469.5K
Cap Rate 9%
$365,189
$365.2K
Market Conditions
NOI Build-Up for 2,886 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
$50.2K $17.40/SF
− Vacancy
−$3.3K −$1.13/SF
EGI
$47.0K $16.27/SF
− OpEx
−$14.1K −$4.88/SF
NOI
$32.9K $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%
$657,340
Cap Rate 7%
$469,529
Cap Rate 9%
$365,189
Alternative Uses
Best Use
Multifamily LT 5
$469.5K
$410.8K – $547.8K
NOI $32,867 @ 7.0% cap · market cap 7.73%
Second Best
Apartment 5plus
$421.1K
$368.5K – $491.3K
NOI $29,480 @ 7.0% cap · market cap 6.94%
Theoretical Best
Office A
$863.8K
$755.8K – $1.01M
NOI $60,467 @ 7.0% cap · market cap 14.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,089
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied multifamily property featuring refreshed interiors and building-system improvements.
Where is this quadplex located?
The property is located at 314 Georgetta Dix Schenectady, NY.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Four‑unit multifamily property with all units currently occupied; 2,886 square feet across the property; Interior updates include refinished hardwood floors, new flooring, and fresh paint
