Renovated Two-Unit
For Sale
$275,000
801 Congress Street, Schenectady, NY 12303
Residential Income, Schenectady, NY
Property Size1,384 SF
Lot Size0.06 Acres
Price / SF$198.70
Days on Market9
Property Features for 801 Congress Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 2
Patio and Porch features
Deck
High school district
000000
Directions
Broadway to Congress St.
Standard status
Active
APN
421500 49.46-5-1
Size
1,384 SF
Lot size
0.06 Acres
Additional Details
Individually Metered Utilities
electricity, water
Taxes and HOA fees
Tax Annual Amount
5042
Utilities
Heating system
Forced Air, Natural Gas
Water source
Public
Amenities
full basement
rear deck
Building Details
Year built
1900
Number of units
2
Flooring type
Tile, Vinyl
Building materials
Vinyl Siding
Roof type
Asphalt
Buildings
1
Listing Agency:
Miranda Real Estate Group Inc
Listed By:
Moonrani G Gumani · License #10401352209
(518) 356-1701
Added: Oct 23
Changed: Oct 26
Last Checked: Oct 31 at 4:06AM
MLS# 12041423
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This updated duplex contains two apartments totaling 1,384 square feet. The first-floor unit has two bedrooms and one full bathroom; the second-floor unit has one bedroom and one full bathroom. Both include a combined living and dining area, a range, and a refrigerator. Renovations include shaker-style cabinets, stone countertops, tiled backsplashes, vinyl plank flooring, and tiled bathrooms. A full basement provides storage, and a rear deck adds outdoor space.
The property sits on a level 0.06-acre lot with public water and sewer. Heating is natural gas forced air. Separate electric and water meters serve the two units; tenants are responsible for electricity and heat. Built in 1900, the building has vinyl siding and an asphalt roof.
The property sits on a level 0.06-acre lot with public water and sewer. Heating is natural gas forced air. Separate electric and water meters serve the two units; tenants are responsible for electricity and heat. Built in 1900, the building has vinyl siding and an asphalt roof.
Key Highlights
- Two apartments totaling 1,384 square feet
- First‑floor unit: 2 bedrooms and 1 full bathroom; second‑floor unit: 1 bedroom and 1 full bathroom
- Each apartment has a range, refrigerator, and combined living and dining area
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.
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate electric and water meters serve two apartments, each with its own range and refrigerator.
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 bathroom; second‑floor unit: 1 bedroom and 1 full bathroom; Each apartment has a range, refrigerator, and combined living and dining area
