Building Details

Year Built 1910

Buildings 1

Listing Agency: Coldwell Banker Prime Properties

Listed By: Brian Walters · License #30WA0832219 Show Phone

Source: Albanyprimeproperties

Added: Jul 14 Changed: Oct 16 Last Checked: Oct 16 at 8:39AM

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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 Coldwell Banker Prime Properties

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Investment Insights

Based on property information with market context.

This 1,556-square-foot duplex, built in 1910, has been extensively updated across both residences. Each unit includes two bedrooms, one full bathroom, and an open living and dining area with an electric fireplace. Renovations include new kitchens with stainless steel appliances, stone countertops, and contemporary cabinetry, along with refreshed bathrooms, flooring, paint, and built-in features.

The property also includes two separate electric meters, hot water heat, a full basement, a deck, a porch, and a fenced yard. Its Schenectady setting is close to downtown, shopping, and major commuter routes.

Key Highlights

• Two‑unit duplex with 1,556 square feet, built in 1910
• Each unit includes 2 bedrooms and 1 full bathroom
• Updated kitchens with stainless steel appliances and stone countertops

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,720

Cap Rate

6.03%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$354,400 $354.4K

Cap Rate 7%

$253,143 $253.1K

Cap Rate 9%

$196,889 $196.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,556 SF

Gross rent

$27.1K $17.40/SF

− Vacancy

−$1.8K −$1.13/SF

EGI

$25.3K $16.27/SF

− OpEx

−$7.6K −$4.88/SF

NOI

$17.7K $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%

$354,400

Cap Rate 7%

$253,143

Cap Rate 9%

$196,889

Alternative Uses

Best Use

Multifamily LT 5

$253.1K

$221.5K – $295.3K (±1% cap)

NOI $17,720 @ 7.0% cap · market cap 6.03%

Second Best

Apartment 5plus

$227.1K

$198.7K – $264.9K (±1% cap)

NOI $15,894 @ 7.0% cap · market cap 5.41%

Theoretical Best

Office A

$465.7K

$407.5K – $543.4K (±1% cap)

NOI $32,601 @ 7.0% cap · market cap 11.09%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Skin Care Clinic HVAC Service Travel Agency Acupuncture Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Updated duplex with modern kitchens, separate electric meters, outdoor space, and a fenced yard.

Where is this duplex located?

The property is located at 1016 Strong St Schenectady, NY.

What is the asking price?

The asking price for this property is $294,000.

What are key features of this property?

This property features: Two‑unit duplex with 1,556 square feet, built in 1910; Each unit includes 2 bedrooms and 1 full bathroom; Updated kitchens with stainless steel appliances and stone countertops