Two-Family
For Sale
$289,000
327 Furman Street, Schenectady, NY 12304
Two separate residences provide a six-bedroom layout with a two-car garage.
Property Size2,460 SF
Price / SF$117.48
Days on Market20
Property Features for 327 Furman Street
General Information
Standard status
Active
Size
2,460 SF
Total Parking Spaces
2
Property subtype
Multi-family
Additional Details
Multifamily Units
2
Building Details
Year Built
1910
Listing Agency:
Buy N Sell Realty Inc
Listed By:
Subhash D Sukhram · License #40SU1090746
(518) 322-9877
Source:
Signatureonerealtygroup
Added: Oct 13
Changed: Oct 31
Last Checked: Nov 1 at 5:57AM
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 Buy N Sell Realty Inc
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Investment Insights
Based on property information with market context.
This duplex contains two family units with a combined six bedrooms and two full bathrooms. The property includes two car garages and was built in 1910, providing a longstanding residential structure in Schenectady’s Central State Street neighborhood.
At 2,460 square feet, the building offers a two-unit configuration in the 12304 area.
At 2,460 square feet, the building offers a two-unit configuration in the 12304 area.
Key Highlights
- Two‑family duplex with 6 bedrooms and 2 full baths
- Two‑car garages
- 2,460 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,128
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$502,560
$502.6K
Cap Rate 7%
$358,971
$359.0K
Cap Rate 9%
$279,200
$279.2K
Market Conditions
NOI Build-Up for 2,460 SF
Gross rent
$48.7K $19.80/SF
− Vacancy
−$3.0K −$1.23/SF
EGI
$45.7K $18.57/SF
− OpEx
−$20.6K −$8.36/SF
NOI
$25.1K $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 Rate 5%
$502,560
Cap Rate 7%
$358,971
Cap Rate 9%
$279,200
Alternative Uses
Best Use
Multifamily LT 5
$400.2K
$350.2K – $466.9K
NOI $28,015 @ 7.0% cap · market cap 9.69%
Second Best
Apartment 5plus
$359.0K
$314.1K – $418.8K
NOI $25,128 @ 7.0% cap · market cap 8.69%
Theoretical Best
Office A
$736.3K
$644.3K – $859.0K
NOI $51,542 @ 7.0% cap · market cap 17.83%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
957
Businesses Nearby
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Business Placement
Demographics for 12304, NY
21,513
Population
9,438
Households
2.3
Avg Household Size
40
Median Age
25%
College-Educated
88%
High-School Grad
6.7 sq mi
ZIP Area
3,211
Density / Sq Mi
$67,688
Median Household Income
$43,824
Median Earnings
$1,049
Median Rent
$171,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences provide a six-bedroom layout with a two-car garage.
Where is this duplex located?
The property is located at 327 Furman Street Schenectady, NY.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Two‑family duplex with 6 bedrooms and 2 full baths; Two‑car garages; 2,460 square feet
