Three-Unit Multifamily
New
For Sale
$314,900
318 Georgetta Dix, Schenectady, NY 12307
MultiFamily, Schenectady, NY
Property Size2,806 SF
Lot Size0.09 Acres
Price / SF$112.22
Days on Market2
Property Features for 318 Georgetta Dix
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 5, Bathroom 3, Bedroom 4, Bathroom 4
Parking
3
Parking features
Driveway
Basement
Full
High school
Schenectady
Elementary school district
Schenectady
Middle school district
Schenectady
High school district
Schenectady
Directions
Turn onto Albany St from Nott Terrace. Then take a right onto Georgetta Dix Plaza. GPS
Standard status
Active
APN
421500 49.24-3-31 01
Size
2,806 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
6063
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Radiant, Steam, Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1920
Number of units
3
Building materials
Wood Siding
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 24
Changed: Sep 25
Last Checked: Sep 25 at 10:06PM
MLS# 202626852
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 2,806-square-foot triplex, built in 1920, contains two occupied apartments on the first floor and a vacant upper residence arranged over two levels. The upper unit could accommodate 3–4 bedrooms and two full bathrooms. Exterior construction includes wood siding, and the property has a driveway. Heating systems and fuel listed for the building include radiant, forced air, natural gas, steam, and baseboard. Public water and sewer serve the property.
Key Highlights
- Three‑family property with 2,806 square feet of building area
- Two first‑floor apartments are occupied; the upper unit is vacant
- Upper residence spans two levels, with potential for 3–4 bedrooms and two full bathrooms
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
$28,663
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
9.10%
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%
$573,260
$573.3K
Cap Rate 7%
$409,471
$409.5K
Cap Rate 9%
$318,478
$318.5K
Market Conditions
NOI Build-Up for 2,806 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
$55.6K $19.80/SF
− Vacancy
−$3.4K −$1.23/SF
EGI
$52.1K $18.57/SF
− OpEx
−$23.5K −$8.36/SF
NOI
$28.7K $10.21/SF
Area
Schenectady County, NY
Vacancy
6.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
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%
$573,260
Cap Rate 7%
$409,471
Cap Rate 9%
$318,478
Alternative Uses
Best Use
Multifamily LT 5
$456.5K
$399.5K – $532.6K
NOI $31,956 @ 7.0% cap · market cap 10.15%
Second Best
Apartment 5plus
$409.5K
$358.3K – $477.7K
NOI $28,663 @ 7.0% cap · market cap 9.10%
Theoretical Best
Office A
$839.9K
$734.9K – $979.9K
NOI $58,791 @ 7.0% cap · market cap 18.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
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
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Frequently Asked Questions
What type of property is this?
Triplex - Two apartments are occupied, while the vacant upper residence spans two levels.
Where is this triplex located?
The property is located at 318 Georgetta Dix Schenectady, NY.
What is the asking price?
The asking price for this property is $314,900.
What are key features of this property?
This property features: Three‑family property with 2,806 square feet of building area; Two first‑floor apartments are occupied; the upper unit is vacant; Upper residence spans two levels, with potential for 3–4 bedrooms and two full bathrooms
