Updated Triplex
For Sale
$345,000
Pending
917 Bridge Street, Schenectady, NY 12303
MultiFamily, Schenectady, NY
Property Size2,772 SF
Lot Size0.11 Acres
Days on Market173
Property Features for 917 Bridge Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 3, Bedroom 4, Bedroom 6
Basement
Full
High school
Schenectady
Elementary school district
Schenectady
Middle school district
Schenectady
High school district
Schenectady
Directions
Crane Street Hill turn North on Bridge Street to #917
Standard status
Pending
APN
421500 49.39-2-36
Size
2,772 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
6547
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating), Forced Air
Water source
Public
Building Details
Year built
1910
Number of units
3
Building materials
Wood Siding
Listing Agency:
Real Broker NY LLC
(855) 450-0442
Listed By:
Saad Tai · License #10401373295
(518) 348-9535
Added: Mar 17
Changed: Sep 2
Last Checked: Sep 5 at 12:06PM
MLS# 202613456
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This three-unit triplex contains 2772 square feet on a 0.11-acre parcel. Built in 1910, the property has been fully updated and features wood siding, six bedrooms, and three bathrooms. The interior configuration supports separate residential units within a compact multifamily layout.
Heating is provided through natural gas systems, including forced-air and hot-water heating. Public water and public sewer serve the property. Located at 917 Bridge Street in Schenectady, New York, the asset offers an established three-unit format for residential income ownership or occupancy of one unit alongside the others.
Heating is provided through natural gas systems, including forced-air and hot-water heating. Public water and public sewer serve the property. Located at 917 Bridge Street in Schenectady, New York, the asset offers an established three-unit format for residential income ownership or occupancy of one unit alongside the others.
Key Highlights
- Three‑unit triplex with 2772 square feet of building area
- Fully updated property with wood siding
- Six bedrooms and three bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,568
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$631,360
$631.4K
Cap Rate 7%
$450,971
$451.0K
Cap Rate 9%
$350,756
$350.8K
Market Conditions
NOI Build-Up for 2,772 SF
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.
Gross rent
$48.2K $17.40/SF
− Vacancy
−$3.1K −$1.13/SF
EGI
$45.1K $16.27/SF
− OpEx
−$13.5K −$4.88/SF
NOI
$31.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$631,360
Cap Rate 7%
$450,971
Cap Rate 9%
$350,756
Alternative Uses
Best Use
Multifamily LT 5
$451.0K
$394.6K – $526.1K
NOI $31,568 @ 7.0% cap · market cap 9.15%
Second Best
Apartment 5plus
$404.5K
$353.9K – $471.9K
NOI $28,315 @ 7.0% cap · market cap 8.21%
Theoretical Best
Office A
$829.7K
$726.0K – $968.0K
NOI $58,079 @ 7.0% cap · market cap 16.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
712
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property with six bedrooms, three bathrooms, and public water and sewer service.
Where is this triplex located?
The property is located at 917 Bridge Street Schenectady, NY.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Three‑unit triplex with 2772 square feet of building area; Fully updated property with wood siding; Six bedrooms and three bathrooms
