Remodeled Two-Family
619 Seneca Street Schenectady, NY 12308
For Sale
$379,000
Fully remodeled two-family property with separate utilities and a bonus basement space for the first unit.
Property Size1,912 SF
Price / SF$198.22
Days on Market89
Property Features for 619 Seneca Street
General Information
- Standard status
- Active
- Size
- 1,912 SF
- Property subtype
- Multi Family / Duplex
Building Details
- Year Built
- 1900
Listing Agency:
Realty One Group Key
(518) 265-9398
Listed By:
Jessica Bedard · License #40BE1067784
(518) 265-9398
Source:
Compass
Added: Apr 26
Changed: Jul 23
Last Checked: Jul 23 at 6:50AM
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 Realty One Group Key
Investment Insights
Based on property information with market context.
This fully remodeled two-family residence offers two separate units with separate utilities. The layout includes a valuable bonus space in the basement for the first unit, providing additional flexible area. Outside, the property includes a manageable yard designed to keep day-to-day upkeep relatively simple.
The property is located at 619 Seneca Street in Schenectady, providing convenient access to local amenities and commuting routes.
As presented, the home is described as turn-key, combining updated condition with a configuration that supports both owner-occupancy and income use.
The property is located at 619 Seneca Street in Schenectady, providing convenient access to local amenities and commuting routes.
As presented, the home is described as turn-key, combining updated condition with a configuration that supports both owner-occupancy and income use.
Key Highlights
- Fully remodeled two‑family home with separate utilities for each unit
- Finished full basement includes bonus space for the first unit
- 200+ amp electric service with vinyl siding construction and asphalt roof
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 | $33.3k | $17.40 |
| − Vacancy | −$2.2k | −$1.13 |
| EGI | $31.1k | $16.27 |
| − OpEx | −$9.3k | −$4.88 |
| NOI | $21.8k | $11.39 |
1,912 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$311.1K
$272.2K – $362.9K
NOI $21,774 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$279.0K
$244.1K – $325.5K
NOI $19,531 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$572.3K
$500.8K – $667.7K
NOI $40,060 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Fully remodeled two-family property with separate utilities and a bonus basement space for the first unit.
Where is this duplex located?
The property is located at 619 Seneca Street Schenectady, NY.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Fully remodeled two‑family home with separate utilities for each unit; Finished full basement includes bonus space for the first unit; 200+ amp electric service with vinyl siding construction and asphalt roof
