Two-Unit Duplex with Additional
New
For Sale
$259,900
808 Sprague Street, Schenectady, NY 12307
Two two-bedroom apartments provide separate living spaces, with one currently occupied by the owner.
Property Size1,728 SF
Price / SF$150.41
Days on Market3
Property Features for 808 Sprague Street
General Information
Standard status
Active
Size
1,728 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Building Details
Year Built
1900
Listing Agency:
The Thompson Real Estate Team
Listed By:
Dyaram Robert · License #22601
Source:
518realty
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 20 at 5:00PM
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 The Thompson Real Estate Team
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two 2-bedroom, 1-bath apartments, with a total building area of 1,728 square feet. The first-floor apartment is owner-occupied. An additional lot is included, adding outdoor space to the property.
Built in 1900, the residence is in Schenectady. Shopping, schools, public transportation, and neighborhood amenities are within walking distance. Showings require 24-hour notice.
Built in 1900, the residence is in Schenectady. Shopping, schools, public transportation, and neighborhood amenities are within walking distance. Showings require 24-hour notice.
Key Highlights
- Two 2‑bedroom, 1‑bath apartments
- 1,728 square feet of building area
- Additional lot included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,679
Cap Rate
7.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$393,580
$393.6K
Cap Rate 7%
$281,129
$281.1K
Cap Rate 9%
$218,656
$218.7K
Market Conditions
NOI Build-Up for 1,728 SF
Gross rent
$30.1K $17.40/SF
− Vacancy
−$2.0K −$1.13/SF
EGI
$28.1K $16.27/SF
− OpEx
−$8.4K −$4.88/SF
NOI
$19.7K $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%
$393,580
Cap Rate 7%
$281,129
Cap Rate 9%
$218,656
Alternative Uses
Best Use
Multifamily LT 5
$281.1K
$246.0K – $328.0K
NOI $19,679 @ 7.0% cap · market cap 7.57%
Second Best
Apartment 5plus
$252.2K
$220.6K – $294.2K
NOI $17,651 @ 7.0% cap · market cap 6.79%
Theoretical Best
Office A
$517.2K
$452.6K – $603.4K
NOI $36,205 @ 7.0% cap · market cap 13.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,284
Businesses Nearby
Explore this area
Business Placement
Demographics for 12307, NY
7,567
Population
3,491
Households
2.2
Avg Household Size
32
Median Age
14%
College-Educated
74%
High-School Grad
0.7 sq mi
ZIP Area
10,810
Density / Sq Mi
$33,191
Median Household Income
$28,878
Median Earnings
$1,110
Median Rent
$95,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two two-bedroom apartments provide separate living spaces, with one currently occupied by the owner.
Where is this duplex located?
The property is located at 808 Sprague Street Schenectady, NY.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath apartments; 1,728 square feet of building area; Additional lot included
