2-Unit
623 Nott Street, Schenectady, NY 12308
For Sale
$254,900
Two separate apartments offer a three-bedroom layout and a two-bedroom layout, each with one full bathroom.
Property Size1,894 SF
Price / SF$134.58
Days on Market112
Property Features for 623 Nott Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Listing Agency:
BA Realty Group LLC
(518) 339-2965
Listed By:
Vernon Bostick
(518) 952-1186
Source:
Davalarealestate
Added: Jul 21
Changed: Nov 7
Last Checked: Nov 8 at 2:50PM
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 BA Realty Group LLC
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Investment Insights
Based on property information with market context.
The two-story duplex at 623 Nott Street in Schenectady contains 1,894 square feet, with one three-bedroom apartment and one two-bedroom apartment. Each unit has a full bathroom; the smaller apartment also has a separate living room. The building was constructed in 1910 and includes forced-air heat, a full basement, and a shingle roof. The property is zoned Multi Residence and is available on its own or within a multi-building Schenectady portfolio.
Key Highlights
- Two rental units: one with 3 bedrooms and one with 2 bedrooms
- 1,894 square feet across two stories
- One full bathroom in each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,569
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$431,380
$431.4K
Cap Rate 7%
$308,129
$308.1K
Cap Rate 9%
$239,656
$239.7K
Market Conditions
NOI Build-Up for 1,894 SF
Gross rent
$33.0K $17.40/SF
− Vacancy
−$2.1K −$1.13/SF
EGI
$30.8K $16.27/SF
− OpEx
−$9.2K −$4.88/SF
NOI
$21.6K $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%
$431,380
Cap Rate 7%
$308,129
Cap Rate 9%
$239,656
Alternative Uses
Best Use
Multifamily LT 5
$308.1K
$269.6K – $359.5K
NOI $21,569 @ 7.0% cap · market cap 8.46%
Second Best
Apartment 5plus
$276.4K
$241.8K – $322.5K
NOI $19,347 @ 7.0% cap · market cap 7.59%
Theoretical Best
Office A
$566.9K
$496.0K – $661.4K
NOI $39,683 @ 7.0% cap · market cap 15.57%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,087
Businesses Nearby
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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
$180,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Schenectady, NY
Properties on Market for Duplexes in Schenectady
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate apartments offer a three-bedroom layout and a two-bedroom layout, each with one full bathroom.
Where is this duplex located?
The property is located at 623 Nott Street Schenectady, NY.
What is the asking price?
The asking price for this property is $254,900.
What are key features of this property?
This property features: Two rental units: one with 3 bedrooms and one with 2 bedrooms; 1,894 square feet across two stories; One full bathroom in each apartment
