Duplex With Detached
For Sale
$289,900
5 Ingersoll Avenue, Schenectady, NY 12305
Two spacious apartments offer separate utilities, original architectural details, and convenient access to neighborhood amenities.
Property Size2,422 SF
Price / SF$119.69
Days on Market109
Property Features for 5 Ingersoll Avenue
General Information
Standard status
Active
Size
2,422 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
2
Building Details
Year Built
1900
Listing Agency:
The Thompson Real Estate Team
Listed By:
Samuel J Thompson · License #10491208504
(518) 545-4776
Source:
Signatureonerealtygroup
Added: Jun 21
Changed: Oct 6
Last Checked: Oct 5 at 8:47PM
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
Investment Insights
Based on property information with market context.
This two-family property contains 2,422 square feet across two apartments, each offering 3 bedrooms, a full bath, formal living and dining rooms, a pantry, and walk-in closets. Separate utilities support independent apartment operations. Original interior features include stained glass, crown molding, and built-in elements, while the basement and walk-up attic add storage. A detached 3-car garage, generous driveway, and extensive off-street parking complement the home.
Built in 1900 at 5 Ingersoll Avenue, the property is located in Schenectady’s historic Stockade District. The Mohawk River waterfront, scenic parks, restaurants, and downtown amenities are within a short stroll, providing a setting that combines residential character with access to nearby destinations.
Built in 1900 at 5 Ingersoll Avenue, the property is located in Schenectady’s historic Stockade District. The Mohawk River waterfront, scenic parks, restaurants, and downtown amenities are within a short stroll, providing a setting that combines residential character with access to nearby destinations.
Key Highlights
- Two apartments, each with 3 bedrooms and 1 full bath
- 2,422 square feet in a two‑family property
- Detached 3‑car garage with extensive off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,740
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,800
$494.8K
Cap Rate 7%
$353,429
$353.4K
Cap Rate 9%
$274,889
$274.9K
Market Conditions
NOI Build-Up for 2,422 SF
Gross rent
$48.0K $19.80/SF
− Vacancy
−$3.0K −$1.23/SF
EGI
$45.0K $18.57/SF
− OpEx
−$20.2K −$8.36/SF
NOI
$24.7K $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%
$494,800
Cap Rate 7%
$353,429
Cap Rate 9%
$274,889
Alternative Uses
Best Use
Multifamily LT 5
$394.0K
$344.8K – $459.7K
NOI $27,582 @ 7.0% cap · market cap 9.51%
Second Best
Apartment 5plus
$353.4K
$309.3K – $412.3K
NOI $24,740 @ 7.0% cap · market cap 8.53%
Theoretical Best
Office A
$724.9K
$634.3K – $845.8K
NOI $50,746 @ 7.0% cap · market cap 17.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,308
Businesses Nearby
Explore this area
Business Placement
Demographics for 12305, NY
6,085
Population
4,103
Households
1.5
Avg Household Size
37
Median Age
34%
College-Educated
88%
High-School Grad
1.5 sq mi
ZIP Area
4,057
Density / Sq Mi
$50,308
Median Household Income
$34,228
Median Earnings
$1,067
Median Rent
$162,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two spacious apartments offer separate utilities, original architectural details, and convenient access to neighborhood amenities.
Where is this duplex located?
The property is located at 5 Ingersoll Avenue 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 apartments, each with 3 bedrooms and 1 full bath; 2,422 square feet in a two‑family property; Detached 3‑car garage with extensive off‑street parking
