Four-Unit Quadplex with
603 Nott Street Schenectady, NY 12308
603 Nott Street, Schenectady, NY, 12308
$425,000
For Sale
$425,000
Quadplex with mixed-use ground floor, fenced corner lot, and multiple apartment configurations.
Property Size2,176 SF
Price / SF$195.31
Days on Market127
Property Features for 603 Nott Street
General Information
- Standard status
- Active
- Size
- 2,176 SF
- Property subtype
- Multi Family / Quadruplex
Building Details
- Year Built
- 1975
Listing agency
1st Kander Realty Inc
(646) 208-9220
Listed by
Karen A Smith · License #10311205616
(646) 208-9220
Source
Compass
Added: Mar 18 Updated: Jul 21 at 5:57PM Checked: Jul 21 at 5:57PM
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 1st Kander Realty Inc
Investment Insights
Based on property information with market context.
Located at 603 Nott Street in Schenectady, this four-unit quadplex offers a mixed-use ground floor, a rear apartment presented as a blank-slate 2–3 bedroom unit, and an upstairs unit with three bedrooms including a primary suite. The fourth unit is a bungalow-style efficiency. The property also features a fenced corner lot for privacy.
A mixed-use ground floor unit sits directly in front of a bus stop, creating frequent foot traffic at the street level. An oversized two-car garage on the property is set up as two full, walk-up stories, and is described as being arranged to entertain guests.
Overall, the layout combines multiple residential unit types with an additional garage structure that provides flexible space, making the property well-suited for an investor or a hands-on owner looking to tailor finishes and configuration to the units.
A mixed-use ground floor unit sits directly in front of a bus stop, creating frequent foot traffic at the street level. An oversized two-car garage on the property is set up as two full, walk-up stories, and is described as being arranged to entertain guests.
Overall, the layout combines multiple residential unit types with an additional garage structure that provides flexible space, making the property well-suited for an investor or a hands-on owner looking to tailor finishes and configuration to the units.
Key Highlights
- 1975‑built 4‑unit quadplex with mixed‑use ground floor and apartment configurations
- Ground‑floor unit mixed use directly in front of a bus stop, with the rear apartment offered as an empty canvas 2–3 bedroom unit
- Upstairs unit features 3 bedrooms, including a primary suite
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 | $37.9k | $17.40 |
| − Vacancy | −$2.5k | −$1.13 |
| EGI | $35.4k | $16.27 |
| − OpEx | −$10.6k | −$4.88 |
| NOI | $24.8k | $11.39 |
2,176 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$354.0K
$309.8K – $413.0K
NOI $24,781 @ 7.0% cap · market cap 5.83%
Second Best
Apartment 5plus
$317.5K
$277.8K – $370.5K
NOI $22,227 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$651.3K
$569.9K – $759.9K
NOI $45,592 @ 7.0% cap · market cap 10.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Superior Barber Shop
Barber Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Quadplex with mixed-use ground floor, fenced corner lot, and multiple apartment configurations.
Where is this quadplex located?
The property is located at 603 Nott Street Schenectady, NY.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 1975‑built 4‑unit quadplex with mixed‑use ground floor and apartment configurations; Ground‑floor unit mixed use directly in front of a bus stop, with the rear apartment offered as an empty canvas 2–3 bedroom unit; Upstairs unit features 3 bedrooms, including a primary suite
