Renovated Two-Family Home in
For Sale
$244,900
884 Yorkston Street, Schenectady, NY 12303
Updated two-unit home with potential for owner occupancy or investment.
Property Size1,880 SF
Price / SF$130.27
Days on Market117
Property Features for 884 Yorkston Street
General Information
Standard status
Active
Size
1,880 SF
Total Parking Spaces
3
Property subtype
Multi Family / Duplex
Taxes and HOA fees
Annual Taxes
$4,616
Amenities
Asphalt
None, No
Forced Air, Natural Gas, Yes
Full, Interior Entry, Unfinished
100 Amp Service, Circuit Breakers
Brick/Mortar
Yes
Vinyl Siding
Back Yard, Perimeter
Garden
Building Details
Year Built
1900
Listing Agency:
Dimension Realty Solution LLC
(917) 257-2973
Listed By:
Diju Rahman · License #10491213179
(917) 257-2973
Source:
Compass
Added: May 8
Changed: Aug 8
Last Checked: Jul 23 at 8:25AM
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 Dimension Realty Solution LLC
Investment Insights
Based on property information with market context.
This renovated two-family home is located in Schenectady. Each of the two units features 3 bedrooms and 1 bathroom. The units have been updated with new kitchens, updated bathrooms, new flooring, fresh paint, and new electrical fixtures. The property includes new furnaces in both units, plus a newer hot water tank and roof. The attic is partially finished and could be converted into additional living space. The property is located on a quiet dead-end street. The building size is 1880 square feet. This property offers potential for owner occupancy with rental income or investment.
Key Highlights
- Two fully renovated units, each with 3 bedrooms and 1 bathroom, offering immediate rental income potential or owner‑occupancy.
- New furnaces in both units, plus a newer hot water tank and roof, minimizing immediate maintenance costs.
- Located on a quiet dead‑end street.
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
$21,410
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
8.74%
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%
$428,200
$428.2K
Cap Rate 7%
$305,857
$305.9K
Cap Rate 9%
$237,889
$237.9K
Market Conditions
NOI Build-Up for 1,880 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
$32.7K $17.40/SF
− Vacancy
−$2.1K −$1.13/SF
EGI
$30.6K $16.27/SF
− OpEx
−$9.2K −$4.88/SF
NOI
$21.4K $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%
$428,200
Cap Rate 7%
$305,857
Cap Rate 9%
$237,889
Alternative Uses
Best Use
Multifamily LT 5
$305.9K
$267.6K – $356.8K
NOI $21,410 @ 7.0% cap · market cap 8.74%
Second Best
Apartment 5plus
$274.3K
$240.1K – $320.1K
NOI $19,204 @ 7.0% cap · market cap 7.84%
Theoretical Best
Office A
$562.7K
$492.4K – $656.5K
NOI $39,390 @ 7.0% cap · market cap 16.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
980
Businesses Nearby
Explore this area
Business Placement
Demographics for 12303, NY
30,893
Population
12,533
Households
2.5
Avg Household Size
41
Median Age
35%
College-Educated
90%
High-School Grad
15.6 sq mi
ZIP Area
1,980
Density / Sq Mi
$77,615
Median Household Income
$50,051
Median Earnings
$1,120
Median Rent
$227,500
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 - Updated two-unit home with potential for owner occupancy or investment.
Where is this duplex located?
The property is located at 884 Yorkston Street Schenectady, NY.
What is the asking price?
The asking price for this property is $244,900.
What are key features of this property?
This property features: Two fully renovated units, each with 3 bedrooms and 1 bathroom, offering immediate rental income potential or owner‑occupancy.; New furnaces in both units, plus a newer hot water tank and roof, minimizing immediate maintenance costs.; Located on a quiet dead‑end street.
