Duplex with Oversized
941 Cleveland Avenue, Schenectady, NY 12306
For Sale
$224,900
Under Contract
MultiFamily, Schenectady, NY
Property Size1,740 SF
Lot Size0.14 Acres
Price / SF$129.25
Days on Market52
Property Features for 941 Cleveland Avenue
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Window features
Patio and Porch features
Interior features
Fencing
Basement
Lot features
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Amenities
off street parking
privacy fenced yard
oversized 1 car garage with loft
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
Re Max Capital · RE/MAX International
(518) 724-6800
Listed By:
Faith H Adamec · License NY #10301218522
(518) 378-9149
Added: Sep 20
Changed: Oct 27
Last Checked: Nov 10 at 12:06AM
MLS# 202626561
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This two-unit residential property contains 1,740 square feet and sits on a 0.14-acre lot. One unit is vacant and ready for occupancy; the second has a tenant in place. Separate utilities serve the units. The property also includes an oversized one-car garage with a loft, driveway and off-street parking, a privacy-fenced yard, porch, and patio.
Built in 1900, the building has cedar and wood siding, a shingle roof, natural gas forced-air heat, and public water and sewer. Interior features include a laundry room and high-speed internet access.
Built in 1900, the building has cedar and wood siding, a shingle roof, natural gas forced-air heat, and public water and sewer. Interior features include a laundry room and high-speed internet access.
Key Highlights
- Two residential units; one vacant and one tenant‑occupied
- 1,740 square feet on a 0.14‑acre lot
- Oversized one‑car garage with loft
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,816
Cap Rate
8.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$396,320
$396.3K
Cap Rate 7%
$283,086
$283.1K
Cap Rate 9%
$220,178
$220.2K
Market Conditions
NOI Build-Up for 1,740 SF
Gross rent
$30.3K $17.40/SF
− Vacancy
−$2.0K −$1.13/SF
EGI
$28.3K $16.27/SF
− OpEx
−$8.5K −$4.88/SF
NOI
$19.8K $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%
$396,320
Cap Rate 7%
$283,086
Cap Rate 9%
$220,178
Alternative Uses
Best Use
Multifamily LT 5
$283.1K
$247.7K – $330.3K
NOI $19,816 @ 7.0% cap · market cap 8.81%
Second Best
Apartment 5plus
$253.9K
$222.2K – $296.2K
NOI $17,774 @ 7.0% cap · market cap 7.90%
Theoretical Best
Office A
$520.8K
$455.7K – $607.6K
NOI $36,456 @ 7.0% cap · market cap 16.21%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
511
Businesses Nearby
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Business Placement
Demographics for 12306, NY
26,935
Population
12,481
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
94%
High-School Grad
43.9 sq mi
ZIP Area
614
Density / Sq Mi
$80,583
Median Household Income
$46,702
Median Earnings
$1,221
Median Rent
$212,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 residential units have separate utilities, with one vacant and the other tenant-occupied.
Where is this duplex located?
The property is located at 941 Cleveland Avenue Schenectady, NY.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: Two residential units; one vacant and one tenant‑occupied; 1,740 square feet on a 0.14‑acre lot; Oversized one‑car garage with loft
