Two-Unit Duplex with
912 Strong St, Schenectady, NY 12307
For Sale
$249,000
Pending
Fully occupied duplex with two residential units, established tenants, and off-street parking on a double lot.
Property Size1,744 SF
Days on Market54
Property Features for 912 Strong St
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Gallo Realty Adk Inc
(518) 810-5885
Listed By:
Michael Field · License NY #10491203035
(518) 669-1804
Source:
Fieldrealty
Added: Sep 18
Changed: Nov 8
Last Checked: Nov 8 at 5:36AM
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 Gallo Realty Adk Inc
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Investment Insights
Based on property information with market context.
Built in 1937, this 1,744-square-foot duplex contains two residential units in an over-under configuration. Each unit includes a functional floor plan with a formal dining room, front porch, rear porch, and a mix of hardwood and luxury vinyl plank flooring. The property sits on a double lot that provides off-street parking, while both units are currently occupied by established long-term tenants.
The property is located at 912 Strong St in Schenectady, one block from the Schenectady School District, with access to I-890 and Downtown Schenectady. The two-unit layout, existing occupancy, porches, and parking combine to provide a clearly defined residential income property.
The property is located at 912 Strong St in Schenectady, one block from the Schenectady School District, with access to I-890 and Downtown Schenectady. The two-unit layout, existing occupancy, porches, and parking combine to provide a clearly defined residential income property.
Key Highlights
- Two‑unit over‑under duplex totaling 1,744 SF
- Built in 1937
- Fully occupied by established long‑term tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,861
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,220
$397.2K
Cap Rate 7%
$283,729
$283.7K
Cap Rate 9%
$220,678
$220.7K
Market Conditions
NOI Build-Up for 1,744 SF
Gross rent
$30.3K $17.40/SF
− Vacancy
−$2.0K −$1.13/SF
EGI
$28.4K $16.27/SF
− OpEx
−$8.5K −$4.88/SF
NOI
$19.9K $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%
$397,220
Cap Rate 7%
$283,729
Cap Rate 9%
$220,678
Alternative Uses
Best Use
Multifamily LT 5
$283.7K
$248.3K – $331.0K
NOI $19,861 @ 7.0% cap · market cap 7.98%
Second Best
Apartment 5plus
$254.5K
$222.7K – $296.9K
NOI $17,815 @ 7.0% cap · market cap 7.15%
Theoretical Best
Office A
$522.0K
$456.8K – $609.0K
NOI $36,540 @ 7.0% cap · market cap 14.67%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
875
Businesses Nearby
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Business Placement
Demographics for 12307, NY
7,567
Population
3,491
Households
2.2
Avg Household Size
32
Median Age
14%
College-Educated
74%
High-School Grad
0.7 sq mi
ZIP Area
10,810
Density / Sq Mi
$33,191
Median Household Income
$28,878
Median Earnings
$1,110
Median Rent
$95,900
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Schenectady, NY
Properties on Market for Duplexes in Schenectady
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied duplex with two residential units, established tenants, and off-street parking on a double lot.
Where is this duplex located?
The property is located at 912 Strong St Schenectady, NY.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Two‑unit over‑under duplex totaling 1,744 SF; Built in 1937; Fully occupied by established long‑term tenants
