Two-Unit
917 Norwood Ave, Schenectady, NY 12303
For Sale
$279,999
Two separately arranged residences offer a vacant lower unit and an occupied upper unit.
Property Size2,084 SF
Price / SF$134.36
Days on Market64
Property Features for 917 Norwood Ave
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
First Floor Bedroom
First Floor Full Bath
Building Details
Building Size
Year Built
Units
Tenancy
Listing Agency:
Your NY Props LLC
Listed By:
Yvesmarie C. Vilain
(917) 924-0371
Source:
Croninreale
Added: Sep 7
Changed: Nov 7
Last Checked: Nov 8 at 2:50PM
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 Your NY Props LLC
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Investment Insights
Based on property information with market context.
This 2,084-square-foot duplex was built in 1900 and contains two three-bedroom residences, with two bathrooms in total. The first-floor unit is vacant and needs light work; the second-floor unit is occupied by a long-term tenant. The property requires updating.
Key Highlights
- 2,084‑square‑foot duplex built in 1900
- Two three‑bedroom units with two bathrooms total
- Upper‑floor unit has a long‑term tenant paying $1,500/month
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,733
Cap Rate
8.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$474,660
$474.7K
Cap Rate 7%
$339,043
$339.0K
Cap Rate 9%
$263,700
$263.7K
Market Conditions
NOI Build-Up for 2,084 SF
Gross rent
$36.3K $17.40/SF
− Vacancy
−$2.4K −$1.13/SF
EGI
$33.9K $16.27/SF
− OpEx
−$10.2K −$4.88/SF
NOI
$23.7K $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%
$474,660
Cap Rate 7%
$339,043
Cap Rate 9%
$263,700
Alternative Uses
Best Use
Multifamily LT 5
$339.0K
$296.7K – $395.6K
NOI $23,733 @ 7.0% cap · market cap 8.48%
Second Best
Apartment 5plus
$304.1K
$266.1K – $354.8K
NOI $21,288 @ 7.0% cap · market cap 7.60%
Theoretical Best
Office A
$623.8K
$545.8K – $727.7K
NOI $43,664 @ 7.0% cap · market cap 15.59%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
613
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
$227,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Schenectady, NY
Properties on Market for Duplexes in Schenectady
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately arranged residences offer a vacant lower unit and an occupied upper unit.
Where is this duplex located?
The property is located at 917 Norwood Ave Schenectady, NY.
What is the asking price?
The asking price for this property is $279,999.
What are key features of this property?
This property features: 2,084‑square‑foot duplex built in 1900; Two three‑bedroom units with two bathrooms total; Upper‑floor unit has a long‑term tenant paying $1,500/month
