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145 Front St 5 Unit Apartment Building $550,000 ($110,000/Unit) 9% Cap Rate Schenectady, NY 12305
Executive Summary
Located in Schenectady's historic Stockade District, 145 Front Street is a well-positioned 5-unit investment property featuring four studio apartments and one 1-bedroom unit. This income-producing asset offers an attractive expense structure, with owning paying the heat & hot water and tenants responsible for their own electric & cooking gas. Situated outside of a flood zone, the property provides added peace of mind and potential insurance savings. Just minutes from downtown Schenectady, Rivers Casino, Mohawk Harbor, restaurants, and major employers, this property benefits from strong rental demand in one of the Capital Region's most unique and desirable neighborhoods. A great addition to any investment portfolio.
Property Facts
| Price | $550,000 | Building Class | C |
| Price Per Unit | $110,000 | Lot Size | 0.10 AC |
| Sale Type | Investment | Building Size | 4,242 SF |
| Cap Rate | 9% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1955 |
| Property Subtype | Apartment | Parking Ratio | 0.94/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | 03 | ||
| Price | $550,000 |
| Price Per Unit | $110,000 |
| Sale Type | Investment |
| Cap Rate | 9% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 4,242 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1955 |
| Parking Ratio | 0.94/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | 03 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | - |
| 1+1 | 1 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 039-055-0002-028-000-0000 | Improvements Assessment | $93,100 |
| Land Assessment | $14,900 | Total Assessment | $108,000 |
Property Taxes
Parcel Number
039-055-0002-028-000-0000
Land Assessment
$14,900
Improvements Assessment
$93,100
Total Assessment
$108,000
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145 Front St
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