Renovated
New
For Sale
$349,000
517 Summit Ave, Schenectady, NY 12307
The vacant residence offers off-street parking and a forced-hot-air heating system.
Property Size2,260 SF
Price / SF$154.42
Days on Market3
Property Features for 517 Summit Ave
General Information
Standard status
Active
Size
2,260 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1905
Listing Agency:
Julie & Co Realty LLC
Listed By:
Michael Field · License #10491203035
(518) 669-1804
Source:
Fieldrealty
Added: Oct 30
Changed: Oct 31
Last Checked: Nov 1 at 5:43AM
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 Julie & Co Realty LLC
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Investment Insights
Based on property information with market context.
This renovated duplex contains six bedrooms and two full bathrooms across 2,260 square feet. The property is vacant and includes forced hot-air heating and off-street parking. Built in 1905, it is configured as a two-family home.
Key Highlights
- Six bedrooms and two full bathrooms
- 2,260 square feet in a two‑family home
- Renovated residence, built in 1905
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,738
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$514,760
$514.8K
Cap Rate 7%
$367,686
$367.7K
Cap Rate 9%
$285,978
$286.0K
Market Conditions
NOI Build-Up for 2,260 SF
Gross rent
$39.3K $17.40/SF
− Vacancy
−$2.6K −$1.13/SF
EGI
$36.8K $16.27/SF
− OpEx
−$11.0K −$4.88/SF
NOI
$25.7K $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%
$514,760
Cap Rate 7%
$367,686
Cap Rate 9%
$285,978
Alternative Uses
Best Use
Multifamily LT 5
$367.7K
$321.7K – $429.0K
NOI $25,738 @ 7.0% cap · market cap 7.37%
Second Best
Apartment 5plus
$329.8K
$288.6K – $384.8K
NOI $23,085 @ 7.0% cap · market cap 6.61%
Theoretical Best
Office A
$676.5K
$591.9K – $789.2K
NOI $47,352 @ 7.0% cap · market cap 13.57%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,764
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The vacant residence offers off-street parking and a forced-hot-air heating system.
Where is this duplex located?
The property is located at 517 Summit Ave Schenectady, NY.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Six bedrooms and two full bathrooms; 2,260 square feet in a two‑family home; Renovated residence, built in 1905
