Two-Family Duplex with
New
For Sale
$275,000
1006 Strong Street, Schenectady, NY 12307
The upper-and-lower unit arrangement is complemented by a two-car garage.
Property Size1,490 SF
Price / SF$184.56
Days on Market5
Property Features for 1006 Strong Street
General Information
Standard status
Active
Size
1,490 SF
Total Parking Spaces
2
Property subtype
Multi-family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Building Details
Year Built
1910
Buildings
1
Listing Agency:
Realty One Group Key
Listed By:
Tina Berlin · License #10401348077
(518) 688-6101
Source:
Signatureonerealtygroup
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 14 at 10:28PM
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 Realty One Group Key
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Investment Insights
Based on property information with market context.
This two-family duplex contains 1,490 square feet across an upper and a lower residence. A two-car garage is also part of the property. The building dates to 1910.
The property is near public transportation, downtown Schenectady, Proctors, gyms, shopping, and major highways.
The property is near public transportation, downtown Schenectady, Proctors, gyms, shopping, and major highways.
Key Highlights
- Two‑family duplex with upper and lower residences
- 1,490 square feet of building area
- Two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,969
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$339,380
$339.4K
Cap Rate 7%
$242,414
$242.4K
Cap Rate 9%
$188,544
$188.5K
Market Conditions
NOI Build-Up for 1,490 SF
Gross rent
$25.9K $17.40/SF
− Vacancy
−$1.7K −$1.13/SF
EGI
$24.2K $16.27/SF
− OpEx
−$7.3K −$4.88/SF
NOI
$17.0K $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%
$339,380
Cap Rate 7%
$242,414
Cap Rate 9%
$188,544
Alternative Uses
Best Use
Multifamily LT 5
$242.4K
$212.1K – $282.8K
NOI $16,969 @ 7.0% cap · market cap 6.17%
Second Best
Apartment 5plus
$217.4K
$190.3K – $253.7K
NOI $15,220 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$446.0K
$390.2K – $520.3K
NOI $31,218 @ 7.0% cap · market cap 11.35%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
769
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The upper-and-lower unit arrangement is complemented by a two-car garage.
Where is this duplex located?
The property is located at 1006 Strong Street Schenectady, NY.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two‑family duplex with upper and lower residences; 1,490 square feet of building area; Two‑car garage
