Renovated Two-Family
New
For Sale
$339,000
1030 Delamont Avenue, Schenectady, NY 12307
MULTI_FAMILY - Other - Schenectady, NY
Property Size2,783 SF
Lot Size0.09 Acres
Price / SF$121.81
Days on Market2
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 3, Bedroom 6, Bathroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 5
Parking
6
Parking features
Driveway, Garage, Carport
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
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
Amenities
covered porch
heated enclosed rear mudroom
expansive attic
garage
covered lean-to patio
landscaped grounds
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 11
Last Checked: Aug 11 at 7:06PM
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 2,783-square-foot duplex contains two three-bedroom apartments, each with a full bathroom, living room, formal dining room, oversized kitchen, pantry, covered porch, and substantial storage. Interior character includes 10-foot ceilings, archways, original trim, stained-glass details, built-in cabinetry, and a tin ceiling. Recent work includes updated kitchens and bathrooms, new plumbing and electrical systems, new siding, replacement windows with a transferable lifetime warranty, two Rheem furnaces, two water heaters, new ductwork, and a new sewer line. The property also has a slate roof and a full basement with additional storage potential.
Exterior improvements include a new 17' x 17' garage with an 11' ceiling, concrete driveway, carport, gated access, and a covered lean-to patio with a brushed-concrete entertaining area. The 0.09-acre lot features landscaped grounds, mature roses, and perennial gardens. Public water and public sewer serve the property, with forced-air natural gas heating.
Exterior improvements include a new 17' x 17' garage with an 11' ceiling, concrete driveway, carport, gated access, and a covered lean-to patio with a brushed-concrete entertaining area. The 0.09-acre lot features landscaped grounds, mature roses, and perennial gardens. Public water and public sewer serve the property, with forced-air natural gas heating.
Key Highlights
- Two 3‑bedroom apartments within 2,783 square feet
- Major updates include plumbing, electrical, sewer, siding, ductwork, windows, furnaces, and water heaters
- New 17' x 17' garage with an 11' ceiling
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 - Two spacious apartments combine updated interiors, historic details, storage, and private outdoor amenities.
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 3‑bedroom apartments within 2,783 square feet; Major updates include plumbing, electrical, sewer, siding, ductwork, windows, furnaces, and water heaters; New 17' x 17' garage with an 11' ceiling
