Three-Unit Triplex with Private
1122 Congress Street, Schenectady, NY 12303
For Sale
$220,000
Pending
Fully occupied residential property with rear-yard parking and a private driveway.
Property Size1,752 SF
Days on Market179
Property Features for 1122 Congress Street
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Multifamily Units
Tenant in Place
Building Details
Year Built
Listing Agency:
The Thompson Real Estate Team
(518) 545-4776
Listed By:
Dyaram R Robert · License NY 40RO1182341
(518) 878-5250
Source:
Simplywoodardrealestate
Added: May 15
Changed: Nov 9
Last Checked: Nov 9 at 10:06AM
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 The Thompson Real Estate Team
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Investment Insights
Based on property information with market context.
This triplex contains three residential units and was built in 1910. The 1,752-square-foot property is fully occupied.
A private driveway provides access to parking in the rear yard. The property is located at 1122 Congress Street in Schenectady, New York.
A private driveway provides access to parking in the rear yard. The property is located at 1122 Congress Street in Schenectady, New York.
Key Highlights
- Three‑family property with 1,752 square feet
- Fully occupied
- Private driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,952
Cap Rate
9.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$399,040
$399.0K
Cap Rate 7%
$285,029
$285.0K
Cap Rate 9%
$221,689
$221.7K
Market Conditions
NOI Build-Up for 1,752 SF
Gross rent
$30.5K $17.40/SF
− Vacancy
−$2.0K −$1.13/SF
EGI
$28.5K $16.27/SF
− OpEx
−$8.6K −$4.88/SF
NOI
$20.0K $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%
$399,040
Cap Rate 7%
$285,029
Cap Rate 9%
$221,689
Alternative Uses
Best Use
Multifamily LT 5
$285.0K
$249.4K – $332.5K
NOI $19,952 @ 7.0% cap · market cap 9.07%
Second Best
Apartment 5plus
$255.7K
$223.7K – $298.3K
NOI $17,896 @ 7.0% cap · market cap 8.13%
Theoretical Best
Office A
$524.4K
$458.9K – $611.8K
NOI $36,708 @ 7.0% cap · market cap 16.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
438
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
$227,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Schenectady, NY
Properties on Market for Triplexes in Schenectady
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Fully occupied residential property with rear-yard parking and a private driveway.
Where is this triplex located?
The property is located at 1122 Congress Street Schenectady, NY.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Three‑family property with 1,752 square feet; Fully occupied; Private driveway
