Renovated Triplex with Separated
311 Craig Street, Schenectady, NY 12307
For Sale
$350,000
Pending
Residential Income, Schenectady, NY
Property Size2,484 SF
Lot Size0.08 Acres
Days on Market109
Property Features for 311 Craig Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Water source
Amenities
modern kitchens
stone countertops
tile backsplashes
newer stainless appliances
renovated ceramic tile baths
fresh flooring
energy efficient HVAC
walk up attic
front porch
fenced rear yard
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Miranda Real Estate Group Inc
Listed By:
Moonrani G Gumani · License NY #10401352209
(518) 356-1701
Added: Jul 24
Changed: Oct 26
Last Checked: Nov 9 at 11:06PM
MLS# 11901716
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.
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Investment Insights
Based on property information with market context.
This 2,484-square-foot triplex contains three apartments within a 1900-built residential property. The interiors have been renovated with contemporary kitchens that include stone countertops, tile backsplashes, and stainless appliances, along with tile bathrooms and a mix of vinyl and tile flooring. A first-floor apartment is complemented by two upper-level units. The building also includes a full walk-up attic, front porch, and fenced rear yard.
Each apartment has separate electric and gas metering, with three electric meters and three gas meters serving the property. Heating is provided by forced-air, natural-gas systems, while the building has vinyl and brick siding, an asphalt roof, and public water service. The property occupies 0.08 acres on Craig Street in Schenectady, near schools, shopping, and major routes.
Each apartment has separate electric and gas metering, with three electric meters and three gas meters serving the property. Heating is provided by forced-air, natural-gas systems, while the building has vinyl and brick siding, an asphalt roof, and public water service. The property occupies 0.08 acres on Craig Street in Schenectady, near schools, shopping, and major routes.
Key Highlights
- Three‑unit triplex with 2,484 square feet of building area
- Three electric meters and three gas meters provide separately metered systems
- Renovated kitchens feature stone countertops, tile backsplashes, and stainless appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,289
Cap Rate
8.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$565,780
$565.8K
Cap Rate 7%
$404,129
$404.1K
Cap Rate 9%
$314,322
$314.3K
Market Conditions
NOI Build-Up for 2,484 SF
Gross rent
$43.2K $17.40/SF
− Vacancy
−$2.8K −$1.13/SF
EGI
$40.4K $16.27/SF
− OpEx
−$12.1K −$4.88/SF
NOI
$28.3K $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%
$565,780
Cap Rate 7%
$404,129
Cap Rate 9%
$314,322
Alternative Uses
Best Use
Multifamily LT 5
$404.1K
$353.6K – $471.5K
NOI $28,289 @ 7.0% cap · market cap 8.08%
Second Best
Apartment 5plus
$362.5K
$317.2K – $422.9K
NOI $25,374 @ 7.0% cap · market cap 7.25%
Theoretical Best
Office A
$743.5K
$650.6K – $867.4K
NOI $52,045 @ 7.0% cap · market cap 14.87%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,871
Businesses Nearby
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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
$95,900
Median Home Value
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Market
Average Price Trend$/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 - Three apartments feature updated kitchens, tile bathrooms, and individual electric and gas metering.
Where is this triplex located?
The property is located at 311 Craig Street Schenectady, NY.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Three‑unit triplex with 2,484 square feet of building area; Three electric meters and three gas meters provide separately metered systems; Renovated kitchens feature stone countertops, tile backsplashes, and stainless appliances
