Renovated
For Sale
$234,900
721 Cutler Street, Schenectady, NY 12303
Two residential units offer flexibility for occupancy or rental use.
Property Size1,320 SF
Price / SF$177.95
Days on Market11
Property Features for 721 Cutler Street
General Information
Standard status
Active
Size
1,320 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
2
Amenities
backyard
Building Details
Year Built
1890
Listing Agency:
Dimension Realty Solution LLC
Listed By:
Diju Rahman · License #10491213179
(917) 257-2973
Source:
Signatureonerealtygroup
Added: Oct 4
Changed: Oct 13
Last Checked: Oct 12 at 9:09PM
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 Dimension Realty Solution LLC
Investment Insights
Based on property information with market context.
This 1,320-square-foot duplex contains two residential units and was built in 1890. Renovations include new siding, electrical wiring, heating systems, hot water tanks, appliances, kitchens, and bathrooms. A backyard provides additional outdoor space.
Located at 721 Cutler Street in Schenectady, New York, the property can accommodate owner occupancy alongside rental use or operation as a two-unit rental.
Located at 721 Cutler Street in Schenectady, New York, the property can accommodate owner occupancy alongside rental use or operation as a two-unit rental.
Key Highlights
- Two‑unit residential property
- 1,320 square feet
- Built in 1890
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,033
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$300,660
$300.7K
Cap Rate 7%
$214,757
$214.8K
Cap Rate 9%
$167,033
$167.0K
Market Conditions
NOI Build-Up for 1,320 SF
Gross rent
$23.0K $17.40/SF
− Vacancy
−$1.5K −$1.13/SF
EGI
$21.5K $16.27/SF
− OpEx
−$6.4K −$4.88/SF
NOI
$15.0K $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%
$300,660
Cap Rate 7%
$214,757
Cap Rate 9%
$167,033
Alternative Uses
Best Use
Multifamily LT 5
$214.8K
$187.9K – $250.6K
NOI $15,033 @ 7.0% cap · market cap 6.40%
Second Best
Apartment 5plus
$192.6K
$168.6K – $224.7K
NOI $13,484 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$395.1K
$345.7K – $461.0K
NOI $27,657 @ 7.0% cap · market cap 11.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
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
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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 residential units offer flexibility for occupancy or rental use.
Where is this duplex located?
The property is located at 721 Cutler Street Schenectady, NY.
What is the asking price?
The asking price for this property is $234,900.
What are key features of this property?
This property features: Two‑unit residential property; 1,320 square feet; Built in 1890
