Mixed-Use Four-Unit
9 N Broadway Schenectady, NY 12305
9 N Broadway, Schenectady, NY, 12305
$649,000
For Sale
$649,000
Four well-kept units including a commercial space plus two two-bedroom and one one-bedroom apartments.
Property Size3,043 SF
Price / SF$213.28
Days on Market237
Property Features for 9 N Broadway
General Information
- Standard status
- Active
- Size
- 3,043 SF
- Property subtype
- Commercial
Listing Agency
Berkshire Hathaway Home Services Blake
Listed by
Karen Zalewski-Wildzunas
(518) 639-4663
Source
Signatureonerealtygroup
Added: Nov 26, 2025 Updated: Jul 10 at 1:48 pm Checked: Jun 5 at 2:17 am
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 Berkshire Hathaway Home Services Blake
Investment Insights
Based on property information with market context.
This well-maintained four-unit mixed-use property includes one commercial space and three residential units: two two-bedroom apartments and one one-bedroom apartment. Public remarks indicate updated finishes throughout the building, supporting a turnkey presentation for an owner seeking a balanced mix of income-producing space.
The property is located near the heart of downtown Schenectady, placing it within walking distance of shops, dining, and entertainment, with public transit nearby. This central setting can be a practical factor for both commercial tenants and residents who value convenient access to everyday destinations.
The residential mix offers multiple tenancy options, with two-bedroom layouts that can appeal to households needing additional space alongside a one-bedroom unit. For a buyer, the presence of an on-site commercial component creates an additional use stream within the same ownership structure, while the building’s overall upkeep and updated finishes may reduce near-term operational friction. The seller intends to complete an IRS Section 1031 Exchange and requests buyer cooperation with the exchange process.
The property is located near the heart of downtown Schenectady, placing it within walking distance of shops, dining, and entertainment, with public transit nearby. This central setting can be a practical factor for both commercial tenants and residents who value convenient access to everyday destinations.
The residential mix offers multiple tenancy options, with two-bedroom layouts that can appeal to households needing additional space alongside a one-bedroom unit. For a buyer, the presence of an on-site commercial component creates an additional use stream within the same ownership structure, while the building’s overall upkeep and updated finishes may reduce near-term operational friction. The seller intends to complete an IRS Section 1031 Exchange and requests buyer cooperation with the exchange process.
Key Highlights
- Four‑unit mixed‑use property with one commercial space, two 2‑bedroom apartments, and one 1‑bedroom apartment
- Updated finishes throughout the residential units
- Located near downtown Schenectady with close access to shops, dining, entertainment, and public transit
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.8k | $18.00 |
| − Vacancy | −$2.3k | −$0.76 |
| EGI | $52.5k | $17.24 |
| − OpEx | −$15.7k | −$5.17 |
| NOI | $36.7k | $12.07 |
3,043 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$524.7K
$459.1K – $612.2K
NOI $36,731 @ 7.0% cap · market cap 5.66%
Second Best
Multifamily LT 5
$495.1K
$433.2K – $577.6K
NOI $34,655 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$910.8K
$797.0K – $1.06M
NOI $63,757 @ 7.0% cap · market cap 9.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Umbrella of the Capital District, ...
Charitable Organization
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Four well-kept units including a commercial space plus two two-bedroom and one one-bedroom apartments.
Where is this triplex located?
The property is located at 9 N Broadway Schenectady, NY.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Four‑unit mixed‑use property with one commercial space, two 2‑bedroom apartments, and one 1‑bedroom apartment; Updated finishes throughout the residential units; Located near downtown Schenectady with close access to shops, dining, entertainment, and public transit
