917 Bridge St · Schenectady, NY 12303

$345,000

6 bd · 3.0 ba · 2,772 sqft · MultiFamily public records · 96 Days on market

Built 1910 4,791 sqft lot $124/sqft · at area comps Est $353k · at est.

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Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +26.8/30.0
• DSCR +9.2/10.0
• ARV discount +8.5/15.0
• 1% rule +7.6/10.0
• Livability +3.9/5.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 3 units. confirmed

Listing remarks MLS

Turnkey triplex investment opportunity! This fully updated three-unit property is currently generating $1,100 per month with significant upside potential. Market rents are estimated at approximately $3,300 per month, offering strong value-add and cash flow opportunity for investors. Updates throughout the property make this a low-maintenance addition to any portfolio. Pricing is negotiable. Great opportunity for investors or owner-occupants looking to offset their mortgage with rental income.

Key facts

• Second-floor balcony
• 4,791 sq ft lot
• Built 1910

Tags

• FULLY FENCED BACKYARD
• SECOND-FLOOR BALCONY
• SCHENECTADY SCHOOL DISTRICT

What this means for you Summary

Snapshot

• This is a 3 × 2-bed/1.0-bath units multifamily listed at $345k.

Deal economics

• At list price, monthly cash flow is $947 ($11k/yr) — positive. Per door: $316/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $345k).
• Recommended offer: $314k (9.0% below list) — sets the bar for market timing.
• Cap rate 9.6% vs local median 6.3% in Schenectady — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 78/100 on livability (#167 in NY, #2,597 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, health & safety A+, cost of living A; Watch: schools C-, employment D+, crime F.
• Schenectady City School District (urban): math 38% / reading 34% proficiency, ranked #556 of 590 in NY (top 94%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 65% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 164 active listings in the ZIP; solid renter incomes; 154 units permitted in Schenectady County in 2024 (54 in 5+ unit buildings).
• At $4,361/mo this rent would consume 62% of the median local household income ($84k/yr) (locally 1318% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $10k of value loss. Plan a longer hold.
• Schenectady County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $97k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 96 days — a 9% lower offer ($314k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 24y ago; this cycle's ask has dropped $35k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $122k; list at $345k implies a 184% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $313,950 (9.0% below list)

Questions for the listing agent

1. It's been on market 96 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.26% ✓
• Cap rate: 9.59%
• Cash-on-cash: 11.76%
• DSCR: 1.52
• GRM: 6.6

CMA / ARV

• ARV (median comp): $352,628
• List price: $345,000
• Delta: -2.16%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
820 Strong St	0.19mi	6/4.0	2,880 (+4%)	3mo	$41,000	$14	78
222 Duane Ave	0.42mi	6/2.0	2,700 (-3%)	1mo	$329,900	$122	72
1005 Congress St	0.44mi	7/3.0 (+1)	2,690 (-3%)	5mo	$85,000	$32	65
421 Summit Ave	0.41mi	6/2.0	2,600 (-6%)	2mo	$308,000	$118	65
510 Mumford St	0.34mi	6/2.0	2,544 (-8%)	2mo	$15,000	$6	65
25 Steuben St	0.57mi	6/3.0	2,640 (-5%)	1mo	$265,000	$100	65
517 Mumford st St	0.30mi	6/3.0	3,144 (+13%)	3mo	$120,000	$38	62
1013 Delamont Ave	0.47mi	6/2.0	2,576 (-7%)	2mo	$111,500	$43	61
316 Georgetta Dix Plz	0.62mi	6/4.0	2,664 (-4%)	4mo	$262,500	$99	57
318 Georgetta Dix Plz	0.62mi	7/4.0 (+1)	2,806 (+1%)	4mo	$200,000	$71	57
314 Georgetta Dix Plz	0.62mi	6/4.0	2,886 (+4%)	4mo	$262,500	$91	56
1 Chestnut St	0.73mi	6/3.0	2,406 (-13%)	2mo	$290,000	$121	42

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 1.2%
• Equity multiple: 1.05×
• Total profit: $4,526
• Equity at exit: $51,441

10-year hold

• IRR: 10.9%
• Equity multiple: 1.85×
• Total profit: $82,133
• Equity at exit: $29,829

Cash invested: $96,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 15 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City: — inherits STATE

NYC rent stabilization (~1M units); 2019 HSTPA strengthened tenant rights; courts deeply backlogged.

Methodology + full state rankings →

ZIP-level market 12303

• Active inventory: 164
• Price-to-rent: 19.8×

Monthly cashflow live

• Estimated rent: $4,361 high
• Mortgage (P&I): −$1,809
• Tax from tax record: −$546 /mo · $6,547/yr
• Insurance: −$144
• HOA: −$0
• Vacancy / Maint / Mgmt: −$916
• Net cashflow: $947

Break-even live

Break-even rent $3,163

Max offer price $345,000

Occupancy floor 73%

Sensitivity live

Price	-10% $1,142	-5% $1,044	+0% $947	+5% $849	+10% $751
Rent	-10% $602	-5% $774	+0% $947	+5% $1,119	+10% $1,291
Rate	-1.0pp $1,120	-0.5pp $1,034	base $947	+0.5pp $857	+1.0pp $766

3-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 3× units	2	1	$4,362
Total (3 units)			$4,361

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $86,250
• Closing costs: $10,350
• Reserves months: —
• Total cash needed: —

Listing history 30 events

1. 2026-06-21
   days on market $345,000 Active 96 DOM
2. 2026-06-18
   days on market $345,000 Active 93 DOM
3. 2026-06-17
   days on market $345,000 Active 92 DOM
4. 2026-06-16
   days on market $345,000 Active 91 DOM
5. 2026-06-15
   days on market $345,000 Active 90 DOM
6. 2026-06-14
   days on market $345,000 Active 88 DOM
7. 2026-06-13
   days on market $345,000 Active 87 DOM
8. 2026-06-10
   days on market $345,000 Active 85 DOM
9. 2026-06-09
   days on market $345,000 Active 84 DOM
10. 2026-06-08
    days on market $345,000 Active 83 DOM
11. 2026-06-07
    days on market $345,000 Active 82 DOM
12. 2026-06-03
    days on market $345,000 Active 78 DOM
13. 2026-06-02
    days on market $345,000 Active 77 DOM
14. 2026-06-01
    days on market $345,000 Active 76 DOM
15. 2026-05-31
    days on market $345,000 Active 75 DOM
16. 2026-05-31
    days on market $345,000 Active 74 DOM
17. 2026-04-30
    price $345,000 497-char remark

    Show marketing remark (497 chars)

    Turnkey triplex investment opportunity! This fully updated three-unit property is currently generating $1,100 per month with significant upside potential. Market rents are estimated at approximately $3,300 per month, offering strong value-add and cash flow opportunity for investors. Updates throughout the property make this a low-maintenance addition to any portfolio. Pricing is negotiable. Great opportunity for investors or owner-occupants looking to offset their mortgage with rental income.

18. 2026-03-24
    price $360,000 497-char remark

    Show marketing remark (497 chars)

    Turnkey triplex investment opportunity! This fully updated three-unit property is currently generating $1,100 per month with significant upside potential. Market rents are estimated at approximately $3,300 per month, offering strong value-add and cash flow opportunity for investors. Updates throughout the property make this a low-maintenance addition to any portfolio. Pricing is negotiable. Great opportunity for investors or owner-occupants looking to offset their mortgage with rental income.

19. 2026-03-17
    listed $380,000 Active 497-char remark

    Show marketing remark (497 chars)

    Turnkey triplex investment opportunity! This fully updated three-unit property is currently generating $1,100 per month with significant upside potential. Market rents are estimated at approximately $3,300 per month, offering strong value-add and cash flow opportunity for investors. Updates throughout the property make this a low-maintenance addition to any portfolio. Pricing is negotiable. Great opportunity for investors or owner-occupants looking to offset their mortgage with rental income.

20. 2019-06-24
    soldstatus $121,500
21. 2019-06-21
    soldstatus $121,500 Closed (Final Sale) 228-char remark

    Show marketing remark (228 chars)

    Great 3 unit with a newer rubber roof and new heating system for the 2nd floor. The home is just a short drive to 890 and the River's Casino . Please email all offers and questions to [email protected] -- Very Good Condition

22. 2019-03-20
    status Pend (Under Cntr) 228-char remark

    Show marketing remark (228 chars)

    Great 3 unit with a newer rubber roof and new heating system for the 2nd floor. The home is just a short drive to 890 and the River's Casino . Please email all offers and questions to [email protected] -- Very Good Condition

23. 2019-03-13
    status Extended 228-char remark

    Show marketing remark (228 chars)

    Great 3 unit with a newer rubber roof and new heating system for the 2nd floor. The home is just a short drive to 890 and the River's Casino . Please email all offers and questions to [email protected] -- Very Good Condition

24. 2019-03-01
    historical 228-char remark

    Show marketing remark (228 chars)

    Great 3 unit with a newer rubber roof and new heating system for the 2nd floor. The home is just a short drive to 890 and the River's Casino . Please email all offers and questions to [email protected] -- Very Good Condition

25. 2019-01-19
    status Extended 228-char remark

    Show marketing remark (228 chars)

    Great 3 unit with a newer rubber roof and new heating system for the 2nd floor. The home is just a short drive to 890 and the River's Casino . Please email all offers and questions to [email protected] -- Very Good Condition

26. 2019-01-01
    historical 228-char remark

    Show marketing remark (228 chars)

    Great 3 unit with a newer rubber roof and new heating system for the 2nd floor. The home is just a short drive to 890 and the River's Casino . Please email all offers and questions to [email protected] -- Very Good Condition

27. 2018-07-27
    listed $129,900 New 228-char remark

    Show marketing remark (228 chars)

    Great 3 unit with a newer rubber roof and new heating system for the 2nd floor. The home is just a short drive to 890 and the River's Casino . Please email all offers and questions to [email protected] -- Very Good Condition

28. 2003-07-25
    soldstatus $75,000
29. 2003-02-25
    historical
30. 2002-07-05
    listed $75,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NY · Partial reset (capped growth)

• Current annual tax: $6,547 · $546/mo
• Projected year-2 tax: $6,547 · $546/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥96°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 4% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $52,332
• − Mortgage interest: −$19,325
• − Property taxes: −$6,547
• − Insurance: −$1,725
• − Repairs & maintenance: −$4,187
• − Management: −$4,187
• − Depreciation: −$10,036
• Taxable income: $6,326
• Est. tax owed @ 24.0%: −$1,518
• After-tax cash flow: $9,842/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Schenectady City School District
• NCES district ID: 3626010
• Math proficiency: 38% ▲ 12.00%
• Reading proficiency: 34% ▲ 2.00%
• Median HH income: $39,453
• Composite: 30.2/100
• National rank: #6309
• State rank: #556 of 590 in NY

Livability — Schenectady

• Score: 78/100
• State rank: #167
• US rank: #2597

Category grades

Amenities B- Commute A+ Cost of living A Crime F Employment D+ Housing A Health & safety A+ User ratings C

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Schenectady, NY
• County: Schenectady County · 141,369 people
• City population: 141,369
• Metro: Albany-Schenectady-Troy, NY
• Population (ZIP): 29,360
• Household income: $84,375
• Rent vs Own: 25.9% rent · 74.1% own
• Severe rent burden: 1318.0

Population outlook (Schenectady County) Hauer SSP2

• Today (2025): 155,046 people
• By 2030: 154,322 · -0.5%
• By 2040: 151,796 · -2.1%
• By 2050: 148,621 · -4.1%
• By 2075: 141,229 · -8.9%
• By 2100: 126,014 · -18.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (66%)
• Race & ethnicity: White 66% Two or more races 11% Black 10% Hispanic / Latino 9% Asian 4%
• Hispanic origin (detail): Mexican 1% Puerto Rican 5%
• Common ancestry: Romanian 6% Lithuanian 3% Iranian 2%
• Foreign-born: 10% · Canada, China
• Languages at home: 90% English-only · Spanish 6% Other Indo-European 2% Chinese 1%

Political lean MEDSL · Schenectady

• 2024 margin: D (+10.8) · D 55.4% · R 44.6%
• 2008→2024 swing: -1.8pp toward R · 2008: 12.7pp · 2024: 10.8pp
• All cycles: 2024: D+10.8 2020: D+15.7 2016: D+5.8 2012: D+15.4 2008: D+12.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -151.01%
• Current HPI: 280.3886
• Rent YoY: —
• Metro: Albany-Schenectady-Troy, NY
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

+357.0% since first listed

14 events — show timeline

• 2026-04-30 Price Changed $345,000 Global MLS
• 2026-03-24 Price Changed $360,000 Global MLS
• 2026-03-17 Listed $380,000 Global MLS
• 2019-06-24 Sold (Public Records) $121,500 Public Records
• 2019-06-21 Sold (MLS) $121,500 Global MLS
• 2019-03-20 Pending — Global MLS
• 2019-03-13 Relisted — Global MLS
• 2019-03-01 Listing Removed — Global MLS
• 2019-01-19 Relisted — Global MLS
• 2019-01-01 Listing Removed — Global MLS
• 2018-07-27 Listed $129,900 Global MLS
• 2003-07-25 Sold (MLS) $75,000 Global MLS
• 2003-02-25 Listing Removed — Global MLS
• 2002-07-05 Listed $75,500 Global MLS

Property tax history

+0.9%/yr

Latest (2025): $6,547 · +4.4% YoY. Source: county tax records.