Updated Two-Family
New
For Sale
$334,900
825 Lincoln Avenue, Schenectady, NY 12307
MultiFamily, Schenectady, NY
Property Size2,584 SF
Lot Size0.09 Acres
Price / SF$129.61
Days on Market5
Property Features for 825 Lincoln Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bedroom 4, Bedroom 6, Bedroom 2, Bathroom 1, Bathroom 4, Bedroom 3, Bedroom 5, Bathroom 3, Bathroom 2
Parking
6
Parking features
Driveway, Off Street, Garage
Patio and Porch features
Deck, Porch
Interior features
Tray Ceiling(s), Ceramic Tile Bath, Crown Molding
Basement
Interior Entry, Exterior Entry, Walk-Out Access
Lot features
Level, Landscaped, Cleared
High school
Schenectady
Elementary school district
Schenectady
Middle school district
Schenectady
High school district
Schenectady
Directions
left on Lincoln ave from Hulett street
Standard status
Active
APN
421500 49.40-6-24
Size
2,584 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
5284
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Forced Air, Natural Gas
Cooling system
Central Air, Window Unit(s)
Water source
Public
Amenities
finished bonus space in the attic
finished basement with bar
leased Tesla solar panels
private driveway
Building Details
Year built
1910
Number of units
2
Flooring type
Tile, Vinyl, Laminate
Building materials
Vinyl Siding
Roof type
Shingle, Asphalt
Architectural style
Other
Listing Agency:
KW Platform · Keller Williams Realty
(518) 724-5800
Listed By:
Robert Saumell Jr. · License #10401362138
(518) 926-8282
Added: Aug 26
Changed: Aug 29
Last Checked: Aug 30 at 10:06AM
MLS# 202624909
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,584-square-foot duplex, built in 1910, contains two residential units on a 0.09-acre lot. The property includes a finished attic bonus area, a finished basement with a bar, a private driveway, off-street parking, and a garage. Porch and deck areas provide additional exterior space. Interior details include crown molding, tray ceilings, ceramic tile baths, and laminate, vinyl, and tile flooring.
Heating is provided by natural gas, electric, and forced-air systems, while cooling includes central air and window units. The building has vinyl siding, an asphalt and shingle roof, public water, and public sewer. A system of 31 leased Tesla solar panels is also installed. The property is located near shopping, dining, entertainment, and major roadways in Schenectady, New York.
Heating is provided by natural gas, electric, and forced-air systems, while cooling includes central air and window units. The building has vinyl siding, an asphalt and shingle roof, public water, and public sewer. A system of 31 leased Tesla solar panels is also installed. The property is located near shopping, dining, entertainment, and major roadways in Schenectady, New York.
Key Highlights
- 2,584‑square‑foot duplex with two residential units
- 0.09‑acre lot with private driveway, garage, and off‑street parking
- Finished attic bonus area and basement with bar
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with finished attic and basement spaces, driveway 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: 2,584‑square‑foot duplex with two residential units; 0.09‑acre lot with private driveway, garage, and off‑street parking; Finished attic bonus area and basement with bar
