Two-Unit
New
For Sale
$150,000
717 Cutler St, Schenectady, NY 12303
Each residence has two bedrooms, one full bathroom, and access to off-street parking.
Property Size1,320 SF
Price / SF$113.64
Days on Market2
Property Features for 717 Cutler St
General Information
Standard status
Active
Size
1,320 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
ready for your vision and renovation
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Year Built
1890
Listing Agency:
Miranda Real Estate Group Inc
Listed By:
Clancy Real Estate, Inc
(518) 861-7016
Source:
Clancyrealestate
Added: Nov 4
Last Checked: Nov 4 at 12:16PM
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 Miranda Real Estate Group Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,320-square-foot duplex, built in 1890, contains two residences. Each unit is configured with two bedrooms and one full bathroom, with off-street parking available. The property requires renovation, offering a clear scope for improvements.
Highway access is a short drive away. The sale is offered to cash buyers only and is structured as an assignment of contract.
Highway access is a short drive away. The sale is offered to cash buyers only and is structured as an assignment of contract.
Key Highlights
- Two residences, each with 2 bedrooms and 1 full bathroom
- 1,320 square feet; built in 1890
- Off‑street parking available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,484
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$269,680
$269.7K
Cap Rate 7%
$192,629
$192.6K
Cap Rate 9%
$149,822
$149.8K
Market Conditions
NOI Build-Up for 1,320 SF
Gross rent
$26.1K $19.80/SF
− Vacancy
−$1.6K −$1.23/SF
EGI
$24.5K $18.57/SF
− OpEx
−$11.0K −$8.36/SF
NOI
$13.5K $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%
$269,680
Cap Rate 7%
$192,629
Cap Rate 9%
$149,822
Alternative Uses
Best Use
Multifamily LT 5
$214.8K
$187.9K – $250.6K
NOI $15,033 @ 7.0% cap · market cap 10.02%
Second Best
Apartment 5plus
$192.6K
$168.6K – $224.7K
NOI $13,484 @ 7.0% cap · market cap 8.99%
Theoretical Best
Office A
$395.1K
$345.7K – $461.0K
NOI $27,657 @ 7.0% cap · market cap 18.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
475
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, one full bathroom, and access to off-street parking.
Where is this duplex located?
The property is located at 717 Cutler St Schenectady, NY.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 full bathroom; 1,320 square feet; built in 1890; Off‑street parking available
