Two-Unit Duplex with Six
For Sale
$275,000
Pending
846 Union St, Schenectady, NY 12308
Fully occupied duplex with separate tenant-paid utilities and a mix of two- and four-bedroom units.
Property Size1,972 SF
Days on Market83
Property Features for 846 Union St
General Information
Standard status
Pending
Size
1,972 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
1 x 2BR, 1 x 4BR
Multifamily Units
2
Building Details
Year Built
1900
Listing Agency:
Chad Majewski Real Estate
Listed By:
Michael Field · License #10491203035
(518) 669-1804
Source:
Fieldrealty
Added: Jul 24
Changed: Oct 13
Last Checked: Oct 12 at 8:03PM
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 Chad Majewski Real Estate
Investment Insights
Based on property information with market context.
This two-unit duplex contains approximately 1,972 square feet with six bedrooms, two full bathrooms, and a two-bedroom/four-bedroom unit mix. The property was built in 1900 and includes both forced-air and baseboard heating. Each residence has its own utility responsibility, while the building is currently fully occupied.
Located at 846 Union Street in Schenectady, the property is zoned Multi Residence. It may be acquired on its own or included with an 11-building multifamily portfolio.
Located at 846 Union Street in Schenectady, the property is zoned Multi Residence. It may be acquired on its own or included with an 11-building multifamily portfolio.
Key Highlights
- Two‑unit duplex at 846 Union Street, Schenectady, NY 12308
- Approximately 1,972 square feet with 6 bedrooms and 2 full baths
- Unit mix includes one 2‑bedroom residence and one 4‑bedroom residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,458
Cap Rate
8.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$449,160
$449.2K
Cap Rate 7%
$320,829
$320.8K
Cap Rate 9%
$249,533
$249.5K
Market Conditions
NOI Build-Up for 1,972 SF
Gross rent
$34.3K $17.40/SF
− Vacancy
−$2.2K −$1.13/SF
EGI
$32.1K $16.27/SF
− OpEx
−$9.6K −$4.88/SF
NOI
$22.5K $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%
$449,160
Cap Rate 7%
$320,829
Cap Rate 9%
$249,533
Alternative Uses
Best Use
Multifamily LT 5
$320.8K
$280.7K – $374.3K
NOI $22,458 @ 7.0% cap · market cap 8.17%
Second Best
Apartment 5plus
$287.8K
$251.8K – $335.7K
NOI $20,144 @ 7.0% cap · market cap 7.33%
Theoretical Best
Office A
$590.2K
$516.5K – $688.6K
NOI $41,317 @ 7.0% cap · market cap 15.02%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,373
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied duplex with separate tenant-paid utilities and a mix of two- and four-bedroom units.
Where is this duplex located?
The property is located at 846 Union St Schenectady, NY.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two‑unit duplex at 846 Union Street, Schenectady, NY 12308; Approximately 1,972 square feet with 6 bedrooms and 2 full baths; Unit mix includes one 2‑bedroom residence and one 4‑bedroom residence
