Renovated Two-Unit
For Sale
$275,000
801 Congress Street, Schenectady, NY 12303
Two separately metered apartments offer distinct layouts, individual appliances, and access to shared basement storage.
Property Size1,384 SF
Price / SF$198.70
Days on Market9
Property Features for 801 Congress Street
General Information
Standard status
Active
Size
1,384 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Individually Metered Utilities
electricity, water
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$5,042
Amenities
rear deck
Building Details
Year Built
1900
Listing Agency:
Miranda Real Estate Group Inc
Listed By:
Moonrani G Gumani · License #10401352209
(201) 238-4972
Source:
Capmarkrealty
Added: Oct 24
Changed: Oct 26
Last Checked: Nov 1 at 2:39AM
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 1,384-square-foot duplex, built in 1900, contains two updated apartments. The first-floor unit has two bedrooms and one full bathroom; upstairs, the second unit has one bedroom and one full bathroom. Each apartment includes a living and dining area, a range, and a refrigerator. Interior finishes include shaker-style cabinetry, stone counters, tile backsplashes, vinyl plank flooring, and tiled bathrooms with black fixtures.
The property has natural gas forced-air heat, separate electric and water meters, a full basement, and a finished deck at the rear. Tenants are responsible for electric and heat. Public water and sewer serve the level lot. The address is close to Broadway and everyday conveniences.
The property has natural gas forced-air heat, separate electric and water meters, a full basement, and a finished deck at the rear. Tenants are responsible for electric and heat. Public water and sewer serve the level lot. The address is close to Broadway and everyday conveniences.
Key Highlights
- Two apartments totaling 1,384 square feet
- First‑floor unit: 2 bedrooms and 1 full bath; second‑floor unit: 1 bedroom and 1 full bath
- Separate electric and water meters; tenants pay electric and heat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,761
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$315,220
$315.2K
Cap Rate 7%
$225,157
$225.2K
Cap Rate 9%
$175,122
$175.1K
Market Conditions
NOI Build-Up for 1,384 SF
Gross rent
$24.1K $17.40/SF
− Vacancy
−$1.6K −$1.13/SF
EGI
$22.5K $16.27/SF
− OpEx
−$6.8K −$4.88/SF
NOI
$15.8K $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%
$315,220
Cap Rate 7%
$225,157
Cap Rate 9%
$175,122
Alternative Uses
Best Use
Multifamily LT 5
$225.2K
$197.0K – $262.7K
NOI $15,761 @ 7.0% cap · market cap 5.73%
Second Best
Apartment 5plus
$202.0K
$176.7K – $235.6K
NOI $14,137 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$414.3K
$362.5K – $483.3K
NOI $28,998 @ 7.0% cap · market cap 10.54%
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
Utilities to site
Location Intelligence
Trade Area within ½ mile
448
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 - Two separately metered apartments offer distinct layouts, individual appliances, and access to shared basement storage.
Where is this duplex located?
The property is located at 801 Congress Street Schenectady, NY.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two apartments totaling 1,384 square feet; First‑floor unit: 2 bedrooms and 1 full bath; second‑floor unit: 1 bedroom and 1 full bath; Separate electric and water meters; tenants pay electric and heat
