Updated
For Sale
$239,900
Pending
552 Mumford Street, Schenectady, NY 12307
Two-unit property with new walls and electrical work, with leases currently structured month to month.
Property Size2,080 SF
Days on Market48
Property Features for 552 Mumford Street
General Information
Standard status
Pending
Size
2,080 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Taxes and HOA fees
Annual Taxes
$5,092
Building Details
Year Built
1900
Listing Agency:
Romeo Team Realty
Listed By:
Gia M Smith · License #10301223655
(518) 410-4017
Source:
Capmarkrealty
Added: Aug 28
Changed: Oct 1
Last Checked: Oct 12 at 4:42PM
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 Romeo Team Realty
Investment Insights
Based on property information with market context.
This duplex contains 2080 square feet and dates to 1900. Recent work includes new walls and electrical improvements. The first floor is currently rented by rooms, while all leases are structured on a month-to-month basis.
Located at 552 Mumford Street in Schenectady, NY 12307, the property offers a two-unit configuration that can accommodate occupancy of one unit while the other is rented, as described in the property information.
Located at 552 Mumford Street in Schenectady, NY 12307, the property offers a two-unit configuration that can accommodate occupancy of one unit while the other is rented, as described in the property information.
Key Highlights
- Duplex property with 2080 square feet
- Built in 1900
- New walls and electrical improvements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,247
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,940
$424.9K
Cap Rate 7%
$303,529
$303.5K
Cap Rate 9%
$236,078
$236.1K
Market Conditions
NOI Build-Up for 2,080 SF
Gross rent
$41.2K $19.80/SF
− Vacancy
−$2.6K −$1.23/SF
EGI
$38.6K $18.57/SF
− OpEx
−$17.4K −$8.36/SF
NOI
$21.2K $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 Rate 5%
$424,940
Cap Rate 7%
$303,529
Cap Rate 9%
$236,078
Alternative Uses
Best Use
Multifamily LT 5
$338.4K
$296.1K – $394.8K
NOI $23,688 @ 7.0% cap · market cap 9.87%
Second Best
Apartment 5plus
$303.5K
$265.6K – $354.1K
NOI $21,247 @ 7.0% cap · market cap 8.86%
Theoretical Best
Office A
$622.6K
$544.8K – $726.3K
NOI $43,580 @ 7.0% cap · market cap 18.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
1,116
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with new walls and electrical work, with leases currently structured month to month.
Where is this duplex located?
The property is located at 552 Mumford Street Schenectady, NY.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Duplex property with 2080 square feet; Built in 1900; New walls and electrical improvements
