Updated Duplex with Off-Street
New
For Sale
$239,900
552 Mumford Street, Schenectady, NY 12307
MultiFamily, Schenectady, NY
Property Size2,080 SF
Lot Size0.06 Acres
Price / SF$115.34
Days on Market7
Property Features for 552 Mumford Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 4, Bedroom 6, Bedroom 3, Bedroom 5, Bedroom 2, Bedroom 1
Parking
2
Parking features
Off Street
Patio and Porch features
Porch
Interior features
High Speed Internet
Basement
Unfinished, Interior Entry
Lot features
Level, Cleared
Elementary school
Lincoln School
High school
Schenectady
Elementary school district
Schenectady
Middle school district
Schenectady
High school district
Schenectady
Directions
Veeder Av to Hamilton St. Right on Mumford. Between Van Voast and Strong.
Standard status
Active
APN
421500 49.31-3-27
Size
2,080 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
5092
Utilities
Sewer type
Public Sewer
Heating system
Radiant, Natural Gas
Water source
Public
Building Details
Year built
1900
Number of units
2
Flooring type
Laminate, Tile
Building materials
Vinyl Siding
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Romeo Team Realty
(518) 978-0916
Listed By:
Gia M Smith · License #10301223655
(518) 410-4017
Added: Aug 24
Changed: Aug 26
Last Checked: Aug 30 at 9:06AM
MLS# 202624749
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 duplex contains 2,080 square feet on a 0.06-acre lot and was built in 1900. The first floor is leased by the room, with all leases structured on a month-to-month basis. Recent work includes new walls and electrical improvements. Interior finishes include laminate and tile flooring, while heating is provided by natural gas and radiant systems.
The property has vinyl siding, an asphalt roof, a porch, and off-street parking. Public water and public sewer serve the building, and high-speed internet is listed among the interior features. The property is located at 552 Mumford Street in Schenectady, New York.
The property has vinyl siding, an asphalt roof, a porch, and off-street parking. Public water and public sewer serve the building, and high-speed internet is listed among the interior features. The property is located at 552 Mumford Street in Schenectady, New York.
Key Highlights
- 2,080‑square‑foot duplex on a 0.06‑acre lot
- First‑floor rooms are currently leased individually
- All leases are month to month
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
$21,247
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
8.86%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Month-to-month leases accompany recent wall and electrical improvements in this two-unit residential property.
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: 2,080‑square‑foot duplex on a 0.06‑acre lot; First‑floor rooms are currently leased individually; All leases are month to month
