Renovated Two-Unit
1016 Strong Street Schenectady, NY 12307
New
1016 Strong Street, Schenectady, NY, 12307
$299,000
For Sale
$299,000
MULTI_FAMILY - Schenectady, NY
Property Size1,556 SF
Lot Size0.07 Acres
Price / SF$192.16
Days on Market7
Property Features for 1016 Strong Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 2
- Patio and Porch features
- Deck, Porch
- Fireplace
- 1
- Standard status
- Active
- APN
- 421500 49.49-6-7
- Size
- 1,556 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3736
Utilities
- Heating system
- Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1910
- Number of units
- 2
- Flooring type
- Vinyl, Tile
- Building materials
- Vinyl Siding
- Roof type
- Asphalt
Listing Agency
Miranda Real Estate Group Inc
(518) 356-1701
1801 Altamont Ave Ste 1, Schenectady, NY
Listed by
Moonrani G Gumani · License #10401352209
(518) 356-1701
Added: Jul 11 Checked: Jul 17 at 3:06 pm
MLS# 11882639
Listing URL
Copyright © 2026 My State MLS. 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.
1016 Strong Street is a fully renovated, up-and-down duplex with two separate units. Each unit features two bedrooms, a full bath, and a bright combined living and dining area anchored by an electric fireplace. Updates include new kitchens with stainless steel appliances, stone countertops, and modern cabinetry, along with refreshed bathrooms, new flooring, fresh paint, and built-in details throughout.
The property includes hot water heat, a full basement, and exterior living space with both a porch and a deck, plus a fenced yard. There are two separate electric meters.
Located in Schenectady near downtown, shopping, and major commuter routes, this two-family home is move-in ready and designed for straightforward occupancy of one unit and rental of the other.
The property includes hot water heat, a full basement, and exterior living space with both a porch and a deck, plus a fenced yard. There are two separate electric meters.
Located in Schenectady near downtown, shopping, and major commuter routes, this two-family home is move-in ready and designed for straightforward occupancy of one unit and rental of the other.
Key Highlights
- Fully renovated up‑and‑down duplex with 2 bedrooms and 1 full bath in each unit
- Brand‑new kitchens with stainless steel appliances, stone countertops, and modern cabinetry
- Electric fireplace in the bright combined living and dining space
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.1k | $17.40 |
| − Vacancy | −$1.8k | −$1.13 |
| EGI | $25.3k | $16.27 |
| − OpEx | −$7.6k | −$4.88 |
| NOI | $17.7k | $11.39 |
1,556 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$253.1K
$221.5K – $295.3K
NOI $17,720 @ 7.0% cap · market cap 5.93%
Second Best
Apartment 5plus
$227.1K
$198.7K – $264.9K
NOI $15,894 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$465.7K
$407.5K – $543.4K
NOI $32,601 @ 7.0% cap · market cap 10.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Fully renovated up-and-down duplex with two electric meters, two bedrooms per unit, and separate porch, deck, and fenced yard.
Where is this duplex located?
The property is located at 1016 Strong Street Schenectady, NY.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Fully renovated up‑and‑down duplex with 2 bedrooms and 1 full bath in each unit; Brand‑new kitchens with stainless steel appliances, stone countertops, and modern cabinetry; Electric fireplace in the bright combined living and dining space
