Duplex with Separate
45 Front Street Schenectady, NY 12305
45 Front Street, Schenectady, NY, 12305
$479,000
Pending
For Sale
$479,000
Pending
Well-maintained duplex with two 2-bedroom units, private laundry, and separate utilities, plus off-street parking.
Property Size3,152 SF
Days on Market34
Property Features for 45 Front Street
General Information
- Standard status
- Pending
- Size
- 3,152 SF
- Property subtype
- Multi Family / Duplex
Building Details
- Year Built
- 1880
Listing agency
Empire Real Estate Firm LLC
(518) 878-6343
Listed by
Jill Greaux · License #10401325083
(518) 878-6343
Source
Compass
Added: Jun 18 Updated: Jul 21 at 2:33AM Checked: Jul 21 at 6:14AM
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 Empire Real Estate Firm LLC
Investment Insights
Based on property information with market context.
This well-maintained duplex features two spacious 2-bedroom, 1.5-bath units. Each unit has separate utilities and private laundry. The property includes off-street parking.
The address is 45 Front Street in Schenectady, located in the Historic Stockade District. The listing notes the property is across from Arthur’s Market & Café.
One unit at 45 Front Street is vacant, while the adjoining 47 Front Street unit is operating as an Airbnb and is described as being delivered fully furnished.
The address is 45 Front Street in Schenectady, located in the Historic Stockade District. The listing notes the property is across from Arthur’s Market & Café.
One unit at 45 Front Street is vacant, while the adjoining 47 Front Street unit is operating as an Airbnb and is described as being delivered fully furnished.
Key Highlights
- Well‑maintained duplex built in 1880 in Schenectady’s Historic Stockade District at Lawrence Circle
- Two spacious 2‑bedroom, 1.5‑bath units, each with separate utilities and private in‑basement laundry
- Full basement with interior entry; hardwood floors; stone foundation; brick and wood siding construction
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.8k | $17.40 |
| − Vacancy | −$3.6k | −$1.13 |
| EGI | $51.3k | $16.27 |
| − OpEx | −$15.4k | −$4.88 |
| NOI | $35.9k | $11.39 |
3,152 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$512.8K
$448.7K – $598.3K
NOI $35,896 @ 7.0% cap · market cap 7.49%
Second Best
Apartment 5plus
$460.0K
$402.5K – $536.6K
NOI $32,197 @ 7.0% cap · market cap 6.72%
Theoretical Best
Office A
$943.4K
$825.5K – $1.10M
NOI $66,041 @ 7.0% cap · market cap 13.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Well-maintained duplex with two 2-bedroom units, private laundry, and separate utilities, plus off-street parking.
Where is this duplex located?
The property is located at 45 Front Street Schenectady, NY.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: Well‑maintained duplex built in 1880 in Schenectady’s Historic Stockade District at Lawrence Circle; Two spacious 2‑bedroom, 1.5‑bath units, each with separate utilities and private in‑basement laundry; Full basement with interior entry; hardwood floors; stone foundation; brick and wood siding construction
