Updated Duplex with Fenced
For Sale
$310,000
901 N Brandywine Ave, Schenectady, NY 12308
Two-unit home with living, dining, kitchen, and utility areas in each residence.
Property Size2,414 SF
Price / SF$128.42
Days on Market12
Property Features for 901 N Brandywine Ave
General Information
Standard status
Active
Size
2,414 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
2
Amenities
fenced backyard
washer/dryer hookups
central air
Building Details
Year Built
1907
Buildings
1
Listing Agency:
Julie & Co Realty LLC
Listed By:
Clancy Real Estate, Inc
(518) 861-7016
Source:
Clancyrealestate
Added: Sep 13
Changed: Sep 23
Last Checked: Sep 22 at 4:10PM
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 Julie & Co Realty LLC
Investment Insights
Based on property information with market context.
This 2,414-square-foot duplex, built in 1907, contains two three-bedroom units. Each residence includes a living room, dining room, kitchen, and utility room, with 2.1 baths across the property. Front and rear staircases provide access through the home, while washer and dryer hookups are available on both the first floor and in the basement.
Recent improvements include an approximately 3-year-old roof, an updated upstairs kitchen, newer bathroom flooring, a newer hot water tank, first-floor central air, newer fencing, and newer carpeting. The backyard is fully fenced. The property is located in Schenectady, approximately 8 minutes from Mohawk Commons, with access to Union Street, shopping, dining, and major highways.
Recent improvements include an approximately 3-year-old roof, an updated upstairs kitchen, newer bathroom flooring, a newer hot water tank, first-floor central air, newer fencing, and newer carpeting. The backyard is fully fenced. The property is located in Schenectady, approximately 8 minutes from Mohawk Commons, with access to Union Street, shopping, dining, and major highways.
Key Highlights
- 2,414 SF duplex with two three‑bedroom units
- Approximately 3‑year‑old roof
- Updated upstairs kitchen and newer bathroom flooring
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
$27,491
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
8.87%
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%
$549,820
$549.8K
Cap Rate 7%
$392,729
$392.7K
Cap Rate 9%
$305,456
$305.5K
Market Conditions
NOI Build-Up for 2,414 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
$42.0K $17.40/SF
− Vacancy
−$2.7K −$1.13/SF
EGI
$39.3K $16.27/SF
− OpEx
−$11.8K −$4.88/SF
NOI
$27.5K $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 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%
$549,820
Cap Rate 7%
$392,729
Cap Rate 9%
$305,456
Alternative Uses
Best Use
Multifamily LT 5
$392.7K
$343.6K – $458.2K
NOI $27,491 @ 7.0% cap · market cap 8.87%
Second Best
Apartment 5plus
$352.3K
$308.2K – $411.0K
NOI $24,659 @ 7.0% cap · market cap 7.95%
Theoretical Best
Office A
$722.5K
$632.2K – $843.0K
NOI $50,578 @ 7.0% cap · market cap 16.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
841
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit home with living, dining, kitchen, and utility areas in each residence.
Where is this duplex located?
The property is located at 901 N Brandywine Ave Schenectady, NY.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: 2,414 SF duplex with two three‑bedroom units; Approximately 3‑year‑old roof; Updated upstairs kitchen and newer bathroom flooring
