Two-Unit Duplex with Updated
For Sale
$289,900
34 Robinson Street, Schenectady, NY 12304
Two three-bedroom residences offer a six-bedroom layout, with off-street parking and several major building updates.
Property Size2,200 SF
Price / SF$131.77
Days on Market15
Property Features for 34 Robinson Street
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Multi-family
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Building Details
Year Built
1910
Listing Agency:
Miranda Real Estate Group Inc
Listed By:
Ryan Gocool · License #10401383848
(518) 512-1349
Source:
Signatureonerealtygroup
Added: Oct 18
Changed: Oct 31
Last Checked: Nov 1 at 6:41AM
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 Miranda Real Estate Group Inc
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Investment Insights
Based on property information with market context.
This 2,200-square-foot duplex, built in 1910, contains two residences with three bedrooms each, for a combined total of six bedrooms. Recent improvements include a newer roof, furnace, hot water tank, and windows. Private off-street parking serves the property.
The two-unit configuration and bedroom count provide a clear layout for residential use. The updated building components and on-site parking are additional physical features of the property.
The two-unit configuration and bedroom count provide a clear layout for residential use. The updated building components and on-site parking are additional physical features of the property.
Key Highlights
- Two units, each with 3 bedrooms; 6 bedrooms total
- 2,200 square feet; built in 1910
- Newer roof, furnace, hot water tank, and windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,054
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,080
$501.1K
Cap Rate 7%
$357,914
$357.9K
Cap Rate 9%
$278,378
$278.4K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$38.3K $17.40/SF
− Vacancy
−$2.5K −$1.13/SF
EGI
$35.8K $16.27/SF
− OpEx
−$10.7K −$4.88/SF
NOI
$25.1K $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 Rate 5%
$501,080
Cap Rate 7%
$357,914
Cap Rate 9%
$278,378
Alternative Uses
Best Use
Multifamily LT 5
$357.9K
$313.2K – $417.6K
NOI $25,054 @ 7.0% cap · market cap 8.64%
Second Best
Apartment 5plus
$321.0K
$280.9K – $374.6K
NOI $22,473 @ 7.0% cap · market cap 7.75%
Theoretical Best
Office A
$658.5K
$576.2K – $768.2K
NOI $46,094 @ 7.0% cap · market cap 15.90%
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
875
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 three-bedroom residences offer a six-bedroom layout, with off-street parking and several major building updates.
Where is this duplex located?
The property is located at 34 Robinson Street Schenectady, NY.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Two units, each with 3 bedrooms; 6 bedrooms total; 2,200 square feet; built in 1910; Newer roof, furnace, hot water tank, and windows
