Updated 4-Unit
For Sale
$409,900
314 Georgetta Dix, Schenectady, NY 12307
MultiFamily, Schenectady, NY
Property Size2,886 SF
Lot Size0.08 Acres
Price / SF$142.03
Days on Market20
Property Features for 314 Georgetta Dix
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 5, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 4, Bathroom 1, Bedroom 2, Bedroom 6, Bathroom 3
Basement
Full, Walk-Out Access
High school
Schenectady
Elementary school district
Schenectady
Middle school district
Schenectady
High school district
Schenectady
Directions
Take a left onto Albany st from Nott Terrace. Then a right onto Georgetta Dix Plz. GPS
Standard status
Active
APN
421500 49.24-3-29 01
Size
2,886 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
4173
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air, Hot Water(Heating)
Water source
Public
Building Details
Year built
1900
Number of units
4
Flooring type
Vinyl, Wood, Hardwood
Building materials
Wood Siding
Roof type
Slate
Architectural style
Other
Listing Agency:
KW Platform · Keller Williams Realty
(518) 724-5800
Listed By:
Kyle R DeMeo · License #10401350001
(518) 269-6588
Added: Sep 8
Changed: Sep 23
Last Checked: Sep 27 at 1:06PM
MLS# 202625722
Copyright © 2026 Global MLS, Inc. 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.
This 2,886-square-foot quadplex contains four residential units, all currently occupied. Improvements include refinished hardwood floors, new flooring, fresh paint, and plumbing and electrical work. Interior finishes include hardwood, wood, and vinyl flooring, while heating is provided by hot water, natural gas, and forced air. The property was built in 1900 and has wood siding, a slate roof, public water, and public sewer.
Situated in Schenectady, the property offers access to local amenities, shopping, restaurants, and major roadways. The four-unit configuration supports continued residential occupancy and provides a clearly defined multifamily layout for an owner or investor.
Situated in Schenectady, the property offers access to local amenities, shopping, restaurants, and major roadways. The four-unit configuration supports continued residential occupancy and provides a clearly defined multifamily layout for an owner or investor.
Key Highlights
- Four‑unit quadplex with all four units currently occupied
- 2,886 square feet of building area on 0.08 acres
- Updates include refinished hardwood floors, fresh paint, and new flooring
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
8.02%
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 8.02%
Second Best
Apartment 5plus
$421.1K
$368.5K – $491.3K
NOI $29,480 @ 7.0% cap · market cap 7.19%
Theoretical Best
Office A
$863.8K
$755.8K – $1.01M
NOI $60,467 @ 7.0% cap · market cap 14.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - All four residences are occupied, with refreshed finishes and plumbing and electrical improvements throughout the building.
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 $409,900.
What are key features of this property?
This property features: Four‑unit quadplex with all four units currently occupied; 2,886 square feet of building area on 0.08 acres; Updates include refinished hardwood floors, fresh paint, and new flooring
