Renovated Two-Family
659 Crane Street Schenectady, NY 12303
659 Crane Street, Schenectady, NY, 12303
$298,000
For Sale
$298,000
Fully renovated duplex with off-street parking and two occupied units totaling 4 bedrooms and 2 full baths.
Property Size1,944 SF
Price / SF$153.29
Days on Market88
Property Features for 659 Crane Street
General Information
- Standard status
- Active
- Size
- 1,944 SF
- Property subtype
- Multi Family / Duplex
Building Details
- Year Built
- 1920
Listing agency
Triple T Premier Realty LLC
(518) 598-7020
Listed by
Tauseef A Baksh · License #10491214151
(518) 598-7020
Source
Compass
Added: Apr 27 Updated: Jul 10 at 1:52PM Checked: Jul 22 at 11:30AM
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 Triple T Premier Realty LLC
Investment Insights
Based on property information with market context.
This fully renovated two-family residence features a total of 4 bedrooms and 2 full bathrooms across two floors. The property is presented as a turn-key rental setup, with updates throughout and both levels currently occupied. Off-street parking is included, adding day-to-day convenience for residents and guests.
Located at 659 Crane Street in Schenectady, NY, the home is positioned for easy, practical access for occupants. The asking size is listed at 1,944 square feet.
For buyers, the current layout and occupancy support a straightforward approach for an owner-occupant or an investor seeking income-producing space with two separate occupied floors. Because both units are already rented, prospective owners can evaluate the property based on its live-in configuration and immediately functional parking arrangement. Schedule a showing to see the renovations, unit presentation, and overall condition in person.
Located at 659 Crane Street in Schenectady, NY, the home is positioned for easy, practical access for occupants. The asking size is listed at 1,944 square feet.
For buyers, the current layout and occupancy support a straightforward approach for an owner-occupant or an investor seeking income-producing space with two separate occupied floors. Because both units are already rented, prospective owners can evaluate the property based on its live-in configuration and immediately functional parking arrangement. Schedule a showing to see the renovations, unit presentation, and overall condition in person.
Key Highlights
- Fully renovated 2‑family duplex with two occupied units
- Total of 4 bedrooms and 2 full baths across both units
- Year built 1920 with wood siding construction
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 | $33.8k | $17.40 |
| − Vacancy | −$2.2k | −$1.13 |
| EGI | $31.6k | $16.27 |
| − OpEx | −$9.5k | −$4.88 |
| NOI | $22.1k | $11.39 |
1,944 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$316.3K
$276.7K – $369.0K
NOI $22,139 @ 7.0% cap · market cap 7.43%
Second Best
Apartment 5plus
$283.7K
$248.2K – $331.0K
NOI $19,858 @ 7.0% cap · market cap 6.66%
Theoretical Best
Office A
$581.9K
$509.1K – $678.9K
NOI $40,731 @ 7.0% cap · market cap 13.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Fully renovated duplex with off-street parking and two occupied units totaling 4 bedrooms and 2 full baths.
Where is this duplex located?
The property is located at 659 Crane Street Schenectady, NY.
What is the asking price?
The asking price for this property is $298,000.
What are key features of this property?
This property features: Fully renovated 2‑family duplex with two occupied units; Total of 4 bedrooms and 2 full baths across both units; Year built 1920 with wood siding construction
