Building Details

Year Built 1920

Listing Agency: Chad Majewski Real Estate

Listed By: Michael Field · License #10491203035 Show Phone

Source: Fieldrealty

Added: Aug 30 Changed: Oct 13 Last Checked: Oct 14 at 11:41PM

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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 Chad Majewski Real Estate

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Investment Insights

Based on property information with market context.

This duplex contains 2,400 square feet with five bedrooms and two bathrooms across its two-family configuration. Renovated kitchens feature stone countertops and new appliances, while the bathrooms have also been updated. New flooring brings consistent finish improvements throughout the interior, complemented by electrical, plumbing, and heating updates.

Built in 1920, the property is located at 434 Division St in Schenectady, NY 12304. Its combination of residential unit configuration, refreshed interiors, and updated building systems provides a clear physical profile for evaluating the property as a two-family asset.

Key Highlights

• 2,400‑square‑foot duplex with a two‑family configuration
• Five bedrooms and two bathrooms
• Renovated kitchens with stone countertops and new appliances

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$27,332

Cap Rate

7.39%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$546,640 $546.6K

Cap Rate 7%

$390,457 $390.5K

Cap Rate 9%

$303,689 $303.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,400 SF

Gross rent

$41.8K $17.40/SF

− Vacancy

−$2.7K −$1.13/SF

EGI

$39.0K $16.27/SF

− OpEx

−$11.7K −$4.88/SF

NOI

$27.3K $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%

$546,640

Cap Rate 7%

$390,457

Cap Rate 9%

$303,689

Alternative Uses

Best Use

Multifamily LT 5

$390.5K

$341.7K – $455.5K (±1% cap)

NOI $27,332 @ 7.0% cap · market cap 7.39%

Second Best

Apartment 5plus

$350.2K

$306.5K – $408.6K (±1% cap)

NOI $24,516 @ 7.0% cap · market cap 6.63%

Theoretical Best

Office A

$718.4K

$628.6K – $838.1K (±1% cap)

NOI $50,285 @ 7.0% cap · market cap 13.59%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Skin Care Clinic (Bike/Boat/Book/etc) Store Real Estate Agency Electrical Service Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

957

Businesses Nearby

Explore this area 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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two-family property offers five bedrooms, two baths, updated systems, and contemporary finishes across its residential layout.

Where is this duplex located?

The property is located at 434 Division St Schenectady, NY.

What is the asking price?

The asking price for this property is $369,999.

What are key features of this property?

This property features: 2,400‑square‑foot duplex with a two‑family configuration; Five bedrooms and two bathrooms; Renovated kitchens with stone countertops and new appliances