Investment Opportunity in Schenectady, NY! This 2021-renovated duplex is perfect for both investors and those looking to owner-occupy. The upstairs unit is currently rented, generating $1,500 monthly, while the vacant downstairs unit can bring in $1,800 monthly. Together, the property can generate $3,300 per month or $39,600 annually in rental income, offering a solid 11% cap rate. With off-street parking, a large side lot, and a corner lot location, this property provides plenty of space and convenience for tenants. Located less than a mile from I-890 and only 1.5 miles from Rivers Casino, it's ideally situated near key amenities. Whether you're looking to grow your portfolio or live and earn, this opportunity offers excellent cash flow and long-term investment potential. Don't miss out!
Pending
$230,000
553 Mumford Street, Schenectady, NY 12307
6beds
2,200sqft
Duplex, Multi Family
Built in 1920
-- sqft lot
$-- Zestimate®
$105/sqft
$-- HOA
What's special
Off-street parkingLarge side lotCorner lot
- 232 days
- on Zillow |
- 77 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: February 24, 2025 at 08:15am
Listing by:
eXp Realty 888-276-0630,
John O'Neill-Knasick 518-953-7376,
Stephanie Quattropani 315-920-9849,
eXp Realty
Source: Global MLS,MLS#: 202424890

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air, Natural Gas
Cooling
- Window Unit(s)
Appliances
- Laundry: Laundry Room, Main Level
Features
- Flooring: Laminate
- Basement: Exterior Entry,Full,Walk-Out Access
Interior area
- Total structure area: 2,200
- Total interior livable area: 2,200 sqft
- Finished area above ground: 2,200
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Off Street, Driveway
- Has uncovered spaces: Yes
Features
- Exterior features: Other
- Fencing: Back Yard,Chain Link,Fenced,Perimeter
- Has view: Yes
- View description: City
Lot
- Size: 9,583.2 Square Feet
- Features: Level, Road Frontage, Corner Lot
Details
- Parcel number: 421500 49.31421.1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Duplex, Multi Family
- Attached to another structure: Yes
Materials
- Drywall
- Roof: Shingle
Condition
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Carbon Monoxide Detector(s)
HOA
- Has HOA: No
Location
- Region: Schenectady
Financial & listing details
- Price per square foot: $105/sqft
- Tax assessed value: $180,424
- Annual tax amount: $5,000
- Date on market: 9/6/2024
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