Renovated Two-Family
For Sale
Under Contract
$339,000
1030 Delamont Avenue, Schenectady, NY 12307
MultiFamily, Schenectady, NY
Property Size2,783 SF
Lot Size0.09 Acres
Price / SF$121.81
Days on Market29
Property Features for 1030 Delamont Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bathroom 2, Bedroom 6, Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 3
Parking
6
Parking features
Driveway, Carport, Garage
Exterior features
Garden
Basement
Full
Elementary school
Martin Luther King
High school
Schenectady
Elementary school district
Schenectady
Middle school district
Schenectady
High school district
Schenectady
Directions
Continue on NY-7 W to Schenectady. Take exit 6 from I-890 W 10 min (5.8 mi) Take Duane Ave to Delamont Ave
Standard status
Active Under Contract
APN
421500 49.41-1-14
Size
2,783 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
4605
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1900
Number of units
2
Building materials
Vinyl Siding
Architectural style
Other
Listing Agency:
Howard Hanna Capital Inc
(518) 489-1000
Listed By:
Victoria McLaughlin · License #10401358419
(518) 429-7484
Added: Aug 10
Changed: Aug 26
Last Checked: Sep 7 at 6:06PM
MLS# 202623648
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.
Investment Insights
Based on property information with market context.
This two-family duplex contains 2,783 square feet with two apartments, each offering 3 bedrooms, 1 full bathroom, a living room, formal dining room, oversized kitchen, pantry, covered porch, and storage. The home dates to 1900 and retains 10-foot ceilings, archways, original moldings, tin ceiling details, hardwood flooring, stained glass, and built-in cabinetry. First-floor updates include luxury vinyl plank flooring, recessed lighting, a refreshed kitchen and bath, and a heated enclosed rear mudroom. The upper apartment provides access to an expansive attic.
Major improvements include new siding, plumbing, electrical, sewer line, ductwork, chimney, basement windows, and replacement windows with a transferable lifetime warranty. Two updated Rheem furnaces and two large water heaters serve the property. Exterior features include a new 17-by-17-foot garage with an 11-foot ceiling, concrete driveway, locking gate, covered lean-to patio, and landscaped grounds. Public water and public sewer serve the property at 1030 Delamont Avenue in Schenectady, New York.
Major improvements include new siding, plumbing, electrical, sewer line, ductwork, chimney, basement windows, and replacement windows with a transferable lifetime warranty. Two updated Rheem furnaces and two large water heaters serve the property. Exterior features include a new 17-by-17-foot garage with an 11-foot ceiling, concrete driveway, locking gate, covered lean-to patio, and landscaped grounds. Public water and public sewer serve the property at 1030 Delamont Avenue in Schenectady, New York.
Key Highlights
- Two apartments, each with 3 bedrooms and 1 full bathroom
- 2,783 SF duplex on a 0.09‑acre lot; built in 1900
- Extensive upgrades include new plumbing, electrical, sewer line, siding, ductwork, and chimney
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
$28,428
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
8.39%
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%
$568,560
$568.6K
Cap Rate 7%
$406,114
$406.1K
Cap Rate 9%
$315,867
$315.9K
Market Conditions
NOI Build-Up for 2,783 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
$55.1K $19.80/SF
− Vacancy
−$3.4K −$1.23/SF
EGI
$51.7K $18.57/SF
− OpEx
−$23.3K −$8.36/SF
NOI
$28.4K $10.21/SF
Area
Schenectady County, NY
Vacancy
6.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
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%
$568,560
Cap Rate 7%
$406,114
Cap Rate 9%
$315,867
Alternative Uses
Best Use
Multifamily LT 5
$452.8K
$396.2K – $528.2K
NOI $31,694 @ 7.0% cap · market cap 9.35%
Second Best
Apartment 5plus
$406.1K
$355.4K – $473.8K
NOI $28,428 @ 7.0% cap · market cap 8.39%
Theoretical Best
Office A
$833.0K
$728.9K – $971.8K
NOI $58,309 @ 7.0% cap · market cap 17.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
875
Businesses Nearby
Explore this area
Business Placement
Demographics for 12307, NY
7,567
Population
3,491
Households
2.2
Avg Household Size
32
Median Age
14%
College-Educated
74%
High-School Grad
0.7 sq mi
ZIP Area
10,810
Density / Sq Mi
$33,191
Median Household Income
$28,878
Median Earnings
$1,110
Median Rent
$95,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Updated interiors retain historic architectural details alongside extensive mechanical and exterior improvements.
Where is this duplex located?
The property is located at 1030 Delamont Avenue Schenectady, NY.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: Two apartments, each with 3 bedrooms and 1 full bathroom; 2,783 SF duplex on a 0.09‑acre lot; built in 1900; Extensive upgrades include new plumbing, electrical, sewer line, siding, ductwork, and chimney
