Occupied Two-Family
For Sale
$189,000
521 Manhattan Street, Schenectady, NY 12308
Residential Income, Schenectady, NY
Property Size1,600 SF
Lot Size0.06 Acres
Price / SF$118.13
Days on Market49
Property Features for 521 Manhattan Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 4, Bathroom 1
Patio and Porch features
Porch
High school district
000000
Directions
Nott St on Van Vranken Ave and left onto Manhattan St.
Standard status
Active
APN
421500 39.35-2-26
Size
1,600 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
4808
Utilities
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1900
Number of units
2
Flooring type
Hardwood
Building materials
Vinyl Siding
Roof type
Asphalt
Listing Agency:
Miranda Real Estate Group Inc
Listed By:
Christine M Serafini
(518) 356-1701
Added: Sep 4
Changed: Oct 18
Last Checked: Oct 22 at 5:06AM
MLS# 11968150
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,600-square-foot duplex contains two residential units, each arranged with 2 bedrooms, 1 full bath, a living room, and an eat-in kitchen. The property is fully occupied and has separate utilities for each unit. Two newer furnaces and hot water tanks serve the building, which was constructed in 1900 and features vinyl siding, hardwood flooring, an asphalt roof, and a porch. Heating is provided by natural-gas forced air, with public water service.
The 0.06-acre property is located at 521 Manhattan Street in Schenectady, near Union College, restaurants, banking, and the bus line. Its two-unit configuration, individual utilities, and established residential improvements provide a clear operating format for a duplex owner.
The 0.06-acre property is located at 521 Manhattan Street in Schenectady, near Union College, restaurants, banking, and the bus line. Its two-unit configuration, individual utilities, and established residential improvements provide a clear operating format for a duplex owner.
Key Highlights
- Fully occupied two‑family property at 521 Manhattan Street, Schenectady, NY 12308
- Each unit includes 2 bedrooms, 1 full bath, living room, and eat‑in kitchen
- 1,600 square feet on a 0.06‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,344
Cap Rate
8.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$326,880
$326.9K
Cap Rate 7%
$233,486
$233.5K
Cap Rate 9%
$181,600
$181.6K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$31.7K $19.80/SF
− Vacancy
−$2.0K −$1.23/SF
EGI
$29.7K $18.57/SF
− OpEx
−$13.4K −$8.36/SF
NOI
$16.3K $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%
$326,880
Cap Rate 7%
$233,486
Cap Rate 9%
$181,600
Alternative Uses
Best Use
Multifamily LT 5
$260.3K
$227.8K – $303.7K
NOI $18,221 @ 7.0% cap · market cap 9.64%
Second Best
Apartment 5plus
$233.5K
$204.3K – $272.4K
NOI $16,344 @ 7.0% cap · market cap 8.65%
Theoretical Best
Office A
$478.9K
$419.0K – $558.7K
NOI $33,523 @ 7.0% cap · market cap 17.74%
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
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
724
Businesses Nearby
Explore this area
Business Placement
Demographics for 12308, NY
15,285
Population
6,442
Households
2.4
Avg Household Size
31
Median Age
29%
College-Educated
89%
High-School Grad
2.3 sq mi
ZIP Area
6,646
Density / Sq Mi
$59,789
Median Household Income
$35,966
Median Earnings
$1,159
Median Rent
$180,100
Median Home Value
Check the figures for this property
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 - Separate utilities and newer mechanical systems support straightforward operation across two-bedroom residential units.
Where is this duplex located?
The property is located at 521 Manhattan Street Schenectady, NY.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Fully occupied two‑family property at 521 Manhattan Street, Schenectady, NY 12308; Each unit includes 2 bedrooms, 1 full bath, living room, and eat‑in kitchen; 1,600 square feet on a 0.06‑acre lot
