Updated Two-Unit
New
For Sale
$334,900
825 Lincoln Avenue, Schenectady, NY 12307
Two-family residence with finished attic and basement spaces, off-street parking, and leased Tesla solar panels.
Property Size2,584 SF
Price / SF$129.61
Days on Market7
Property Features for 825 Lincoln Avenue
General Information
Standard status
Active
Size
2,584 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
2
Amenities
solar panels
finished basement with bar
finished bonus space in attic
private driveway
Building Details
Year Built
1910
Buildings
1
Listing Agency:
KW Platform
Listed By:
Robert Saumell Jr.
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Aug 26
Changed: Aug 31
Last Checked: Aug 31 at 8:07PM
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 KW Platform
Investment Insights
Based on property information with market context.
This two-unit duplex contains 2,584 square feet and was built in 1910. The property includes two residential units, a completed attic bonus area, and a finished basement with a bar. A private driveway provides off-street parking, while 31 leased Tesla solar panels add an energy-related feature to the property.
Located in Schenectady near shopping, dining, entertainment, and major roadways, the residence combines multi-unit living with additional finished areas throughout. The configuration supports both household occupancy and rental use, subject to applicable requirements.
Located in Schenectady near shopping, dining, entertainment, and major roadways, the residence combines multi-unit living with additional finished areas throughout. The configuration supports both household occupancy and rental use, subject to applicable requirements.
Key Highlights
- Two‑unit duplex with 2,584 square feet
- Finished attic bonus area and basement with bar
- Private driveway with off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,427
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$588,540
$588.5K
Cap Rate 7%
$420,386
$420.4K
Cap Rate 9%
$326,967
$327.0K
Market Conditions
NOI Build-Up for 2,584 SF
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.
Gross rent
$45.0K $17.40/SF
− Vacancy
−$2.9K −$1.13/SF
EGI
$42.0K $16.27/SF
− OpEx
−$12.6K −$4.88/SF
NOI
$29.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$588,540
Cap Rate 7%
$420,386
Cap Rate 9%
$326,967
Alternative Uses
Best Use
Multifamily LT 5
$420.4K
$367.8K – $490.5K
NOI $29,427 @ 7.0% cap · market cap 8.79%
Second Best
Apartment 5plus
$377.1K
$329.9K – $439.9K
NOI $26,395 @ 7.0% cap · market cap 7.88%
Theoretical Best
Office A
$773.4K
$676.8K – $902.3K
NOI $54,140 @ 7.0% cap · market cap 16.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family residence with finished attic and basement spaces, off-street parking, and leased Tesla solar panels.
Where is this duplex located?
The property is located at 825 Lincoln Avenue Schenectady, NY.
What is the asking price?
The asking price for this property is $334,900.
What are key features of this property?
This property features: Two‑unit duplex with 2,584 square feet; Finished attic bonus area and basement with bar; Private driveway with off‑street parking
