Two-Unit Duplex with Separate
New
For Sale
$329,000
449 Hulett Street, Schenectady, NY 12307
Two distinct apartments each include three bedrooms, an eat-in kitchen, and a full bathroom.
Property Size2,400 SF
Price / SF$137.08
Days on Market5
Property Features for 449 Hulett Street
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Multi-family
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Building Details
Year Built
1910
Listing Agency:
The Thompson Real Estate Team
Listed By:
Somwattie Jaggernauth
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 7:19AM
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 The Thompson Real Estate Team
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Investment Insights
Based on property information with market context.
This 2,400-square-foot duplex contains two apartments, with three bedrooms in each. The first-floor unit has an eat-in kitchen with appliances and a living room. Upstairs, the layout pairs an eat-in kitchen with a combined dining and living area. Each residence has its own utilities, and the property was built in 1910.
Located at 449 Hulett St in Schenectady, the property is along a local bus route and near shopping, dining, public transportation, and other local amenities.
Located at 449 Hulett St in Schenectady, the property is along a local bus route and near shopping, dining, public transportation, and other local amenities.
Key Highlights
- Two apartments with three bedrooms each, totaling six bedrooms
- Separate utilities for each unit
- First‑floor apartment includes kitchen appliances and a living room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,332
Cap Rate
8.31%
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
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
NOI $27,332 @ 7.0% cap · market cap 8.31%
Second Best
Apartment 5plus
$350.2K
$306.5K – $408.6K
NOI $24,516 @ 7.0% cap · market cap 7.45%
Theoretical Best
Office A
$718.4K
$628.6K – $838.1K
NOI $50,285 @ 7.0% cap · market cap 15.28%
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
1,127
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct apartments each include three bedrooms, an eat-in kitchen, and a full bathroom.
Where is this duplex located?
The property is located at 449 Hulett Street Schenectady, NY.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Two apartments with three bedrooms each, totaling six bedrooms; Separate utilities for each unit; First‑floor apartment includes kitchen appliances and a living room
