Two-Family Residential Income
821 Strong Street Schenectady, NY 12307
For Sale
$313,000
Well-maintained two-family with modern finishes and flexible one-over-one or two-over-two layout configuration.
Property Size1,500 SF
Price / SF$208.67
Days on Market200
Property Features for 821 Strong Street
General Information
- Standard status
- Active
- Size
- 1,500 SF
- Property subtype
- Multi Family / Duplex
Building Details
- Year Built
- 1910
Listing Agency:
Lachman Real Estate Group
(518) 935-5060
Listed By:
Yogesh Lachman · License #10311210276
(518) 935-5060
Source:
Compass
Added: Jan 4
Changed: Jul 23
Last Checked: Jul 23 at 5:02AM
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 Lachman Real Estate Group
Investment Insights
Based on property information with market context.
This well-maintained two-family property offers a flexible layout that can function as a one-over-one configuration or a two-over-two configuration. Both apartments feature modern finishes and consistent upkeep throughout.
The property is offered with an included additional buildable lot, which may be separated and billed independently. This provides the owner with options for future resale or exploring new construction possibilities.
The current improvements and finish level support either owner-occupied use with rental income, or a straightforward residential income strategy, depending on how the new owner intends to utilize the building and the extra lot.
The property is offered with an included additional buildable lot, which may be separated and billed independently. This provides the owner with options for future resale or exploring new construction possibilities.
The current improvements and finish level support either owner-occupied use with rental income, or a straightforward residential income strategy, depending on how the new owner intends to utilize the building and the extra lot.
Key Highlights
- Well‑maintained two‑family property in Schenectady with flexible one‑over‑one or two‑over‑two layout configuration
- Both apartments feature modern finishes and consistent upkeep throughout
- Exterior includes vinyl siding and shingle roof
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.1k | $17.40 |
| − Vacancy | −$1.7k | −$1.13 |
| EGI | $24.4k | $16.27 |
| − OpEx | −$7.3k | −$4.88 |
| NOI | $17.1k | $11.39 |
1,500 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$244.0K
$213.5K – $284.7K
NOI $17,082 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$218.9K
$191.5K – $255.4K
NOI $15,322 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$449.0K
$392.9K – $523.8K
NOI $31,428 @ 7.0% cap · market cap 10.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-maintained two-family with modern finishes and flexible one-over-one or two-over-two layout configuration.
Where is this duplex located?
The property is located at 821 Strong Street Schenectady, NY.
What is the asking price?
The asking price for this property is $313,000.
What are key features of this property?
This property features: Well‑maintained two‑family property in Schenectady with flexible one‑over‑one or two‑over‑two layout configuration; Both apartments feature modern finishes and consistent upkeep throughout; Exterior includes vinyl siding and shingle roof
