Turnkey Triplex
For Sale
$345,000
Pending
917 Bridge Street, Schenectady, NY 12303
MULTI_FAMILY - Schenectady, NY
Property Size2,772 SF
Lot Size0.11 Acres
Days on Market150
Property Features for 917 Bridge Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 6, Bathroom 2, Bathroom 3
Basement
Full
High school
Schenectady
Elementary school district
Schenectady
Middle school district
Schenectady
High school district
Schenectady
Directions
Crane Street Hill turn North on Bridge Street to #917
Standard status
Pending
APN
421500 49.39-2-36
Size
2,772 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
6547
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1910
Number of units
3
Building materials
Wood Siding
Listing Agency:
Real Broker NY LLC
(855) 450-0442
Listed By:
Saad Tai · License #10401373295
(518) 348-9535
Added: Mar 17
Changed: Jul 24
Last Checked: Aug 13 at 1:06AM
MLS# 202613456
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 property is a turnkey three-unit triplex offering income-producing residential units under one roof. The offering is described as fully updated throughout, designed for low-maintenance ownership. The property size is listed as 2,772 square feet, and the lot size is listed as 0.11 acres.
The triplex is located at 917 Bridge Street in Schenectady, New York 12303, in Schenectady County. The listing presents the property as a residential income asset suitable for investors or owner-occupants seeking on-site rental income.
For tenants, the building is positioned as move-in ready based on the stated “fully updated” condition. For buyers, the existing three-unit configuration supports straightforward operations as a triplex, with the listing noting current monthly income of $1,100. The seller also references estimated market rents, indicating room for adjustment toward higher rent levels, though buyers should confirm all rent assumptions during due diligence. With pricing noted as negotiable, this is structured as a practical, hands-on alternative for an investor seeking a manageable, updated multi-family property or for an owner-occupant looking to offset mortgage costs with rental revenue.
The triplex is located at 917 Bridge Street in Schenectady, New York 12303, in Schenectady County. The listing presents the property as a residential income asset suitable for investors or owner-occupants seeking on-site rental income.
For tenants, the building is positioned as move-in ready based on the stated “fully updated” condition. For buyers, the existing three-unit configuration supports straightforward operations as a triplex, with the listing noting current monthly income of $1,100. The seller also references estimated market rents, indicating room for adjustment toward higher rent levels, though buyers should confirm all rent assumptions during due diligence. With pricing noted as negotiable, this is structured as a practical, hands-on alternative for an investor seeking a manageable, updated multi-family property or for an owner-occupant looking to offset mortgage costs with rental revenue.
Key Highlights
- Fully updated 3‑unit triplex property built in 1910
- Currently generating $1,100 per month in rental income
- Market rents estimated at approximately $3,300 per month (value‑add potential)
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
$31,568
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
9.15%
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%
$631,360
$631.4K
Cap Rate 7%
$450,971
$451.0K
Cap Rate 9%
$350,756
$350.8K
Market Conditions
NOI Build-Up for 2,772 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
$48.2K $17.40/SF
− Vacancy
−$3.1K −$1.13/SF
EGI
$45.1K $16.27/SF
− OpEx
−$13.5K −$4.88/SF
NOI
$31.6K $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%
$631,360
Cap Rate 7%
$450,971
Cap Rate 9%
$350,756
Alternative Uses
Best Use
Multifamily LT 5
$451.0K
$394.6K – $526.1K
NOI $31,568 @ 7.0% cap · market cap 9.15%
Second Best
Apartment 5plus
$404.5K
$353.9K – $471.9K
NOI $28,315 @ 7.0% cap · market cap 8.21%
Theoretical Best
Office A
$829.7K
$726.0K – $968.0K
NOI $58,079 @ 7.0% cap · market cap 16.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
712
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Fully updated three-unit triplex offers turnkey ownership with rental income potential.
Where is this triplex located?
The property is located at 917 Bridge Street Schenectady, NY.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Fully updated 3‑unit triplex property built in 1910; Currently generating $1,100 per month in rental income; Market rents estimated at approximately $3,300 per month (value‑add potential)
