19 Ingersoll Ave · Schenectady, NY 12305

$246,000

4 bd · 2.0 ba · 1,928 sqft · MultiFamily public records · 69 Days on market

Built 1920 3,484 sqft lot $128/sqft · 31% below area Est $357k · 31% under

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Why this score? — see what drove the B 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 +22.7/30.0
• ARV discount +15.0/15.0
• DSCR +7.3/10.0
• 1% rule +6.7/10.0
• Appreciation +6.6/10.0
• Livability +3.9/5.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Multi-family units

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

Listing remarks MLS

Discounted priced for cash sale to avoid costly flood insurance ($7K/yr) only required with a mortgage. Possible 1031 exchange! Profitable duplex in the Stockade Historic District is a great start or addition to your investment portfolio or for owner-occupants with one tenant increasing your cashflow and ROI! New roof, new kitchens & baths, updated plumbing and electrical, hardwood floors, in-unit laundry hookups, clean basement and attic, off street parking. 3 garage bays provide additional income. Located steps from the Mohawk River trail, Riverside Park, Rivers Casino, Mohawk Harbor where you can rent kayaks, and downtown Schenectady's restaurants, shops, and theatre. Owner is licensed Realtor and listing agent.

Key facts

• 3,484 sq ft lot
• 3 garage spots
• Built 1920

🏷️ Possibly a rental listed for sale. The $246,000 price doesn't fit this home's estimated sale value (~$357,281) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1.0-bath units multifamily listed at $246k.

Deal economics

• At list price, monthly cash flow is $-35 ($-425/yr) — negative. Per door: $-18/mo.
• To cash-flow at today's rent, offer at most $240k (2.5% below list).
• Meets the 1% rule at list price ($3k rent vs $246k).
• Recommended offer: $231k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.4% 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: 20 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; 154 units permitted in Schenectady County in 2024 (54 in 5+ unit buildings).

Forward outlook

• In year one you build about $10k of equity ($2k loan paydown + $8k appreciation (3.2% local appreciation)).
• Schenectady County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (3.2% appreciation + 3.0% rent growth), your $69k cash investment doubles in ~6 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 69 days — a 6% lower offer ($231k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 4y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $105k; list at $246k implies a 134% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $460/mo; built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $231,240 (6.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 69 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
3. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
4. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
5. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
6. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
7. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
8. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
9. 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?
10. 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.
11. 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.
12. 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: 1.17% ✓
• Cap rate: 8.37%
• Cash-on-cash: 7.40%
• DSCR: 1.33
• GRM: 7.1

CMA / ARV

• ARV (median comp): $357,281
• List price: $246,000
• Delta: -31.15%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
206 Front St	0.16mi	4/2.0	1,880 (-2%)	2mo	$299,000	$159	87
117 N College St	0.14mi	3/2.0 (-1)	1,944 (+1%)	3mo	$170,000	$87	85
11 John St	0.19mi	5/2.0 (+1)	1,992 (+3%)	20mo	$215,000	$108	64
321 Front St	0.30mi	4/2.0	1,744 (-10%)	15mo	$220,000	$126	58
515 South Ave	0.40mi	5/3.0 (+1)	2,070 (+7%)	6mo	$172,000	$83	55
1524 Devine St	0.73mi	4/2.0	1,728 (-10%)	22mo	$165,000	$95	30

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

Projected returns pro-forma

3.2% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 7.6%
• Equity multiple: 1.44×
• Total profit: $30,426
• Equity at exit: $113,407

10-year hold

• IRR: 10.3%
• Equity multiple: 2.58×
• Total profit: $108,866
• Equity at exit: $176,978

Cash invested: $68,880 (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 12305

• Home prices YoY: 1.2%
• Active inventory: 20
• Price-to-rent: 14.2×

Monthly cashflow live

• Estimated rent: $2,888 high
• Mortgage (P&I): −$1,290
• Tax from tax record: −$464 /mo · $5,568/yr
• Insurance: −$102
• Flood insurance flood zone: −$460 /mo · $5,525/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$606
• Net cashflow: $-35

Break-even live

Break-even rent $2,933

Max offer price $239,736

Occupancy floor 96%

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

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$2,888
Total (2 units)			$2,888

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: $61,500
• Closing costs: $7,380
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
117 Washington Ave Schenectady, NY	2.0–4.0	1.0–2.0	1033	$2,163	$2.09	13d	9	0.48mi
509 Nott St Unit 507 Schenectady, NY	4.0	1.0	1400	$1,695	$1.21	43d	1	0.70mi
1673 Van Vranken Ave Schenectady, NY	3.0	1.0	1335	$1,750	$1.31	43d	1	1.01mi
100 Reserve Ct Schenectady, NY	1.0–3.0	1.0–2.0	1106	$2,445	$2.21	14d	1	1.02mi
901 Nott St Unit 1R Schenectady, NY	3.0	1.0	1500	$1,250	$0.83	23d	1	1.05mi
1687 Avenue A Schenectady, NY	4.0	1.0	1672	$2,300	$1.38	43d	1	1.08mi

Listing history 31 events

1. 2026-06-18
   days on market $246,000 Active 69 DOM
2. 2026-06-17
   days on market $246,000 Active 68 DOM
3. 2026-06-16
   days on market $246,000 Active 67 DOM
4. 2026-06-15
   days on market $246,000 Active 66 DOM
5. 2026-06-14
   days on market $246,000 Active 64 DOM
6. 2026-06-13
   days on market $246,000 Active 63 DOM
7. 2026-06-10
   days on market $246,000 Active 61 DOM
8. 2026-06-09
   days on market $246,000 Active 60 DOM
9. 2026-06-08
   days on market $246,000 Active 59 DOM
10. 2026-06-07
    days on market $246,000 Active 58 DOM
11. 2026-06-03
    days on market $246,000 Active 54 DOM
12. 2026-06-02
    days on market $246,000 Active 53 DOM
13. 2026-06-01
    days on market $246,000 Active 52 DOM
14. 2026-05-31
    days on market $246,000 Active 51 DOM
15. 2026-05-31
    days on market $246,000 Active 50 DOM
16. 2026-04-20
    price $246,000 731-char remark

    Show marketing remark (731 chars)

    Discounted priced for cash sale to avoid costly flood insurance ($7K/yr) only required with a mortgage. Possible 1031 exchange! Profitable duplex in the Stockade Historic District is a great start or addition to your investment portfolio or for owner-occupants with one tenant increasing your cashflow and ROI! New roof, new kitchens & baths, updated plumbing and electrical, hardwood floors, in-unit laundry hookups, clean basement and attic, off street parking. 3 garage bays provide additional income. Located steps from the Mohawk River trail, Riverside Park, Rivers Casino, Mohawk Harbor where you can rent kayaks, and downtown Schenectady's restaurants, shops, and theatre. Owner is licensed Realtor and listing agent.

17. 2026-04-10
    listed $250,000 Active 731-char remark

    Show marketing remark (731 chars)

    Discounted priced for cash sale to avoid costly flood insurance ($7K/yr) only required with a mortgage. Possible 1031 exchange! Profitable duplex in the Stockade Historic District is a great start or addition to your investment portfolio or for owner-occupants with one tenant increasing your cashflow and ROI! New roof, new kitchens & baths, updated plumbing and electrical, hardwood floors, in-unit laundry hookups, clean basement and attic, off street parking. 3 garage bays provide additional income. Located steps from the Mohawk River trail, Riverside Park, Rivers Casino, Mohawk Harbor where you can rent kayaks, and downtown Schenectady's restaurants, shops, and theatre. Owner is licensed Realtor and listing agent.

18. 2025-12-12
    status Active
19. 2025-11-28
    status Pending
20. 2025-11-28
    historical
21. 2025-11-27
    price $278,500
22. 2025-11-07
    price $269,900
23. 2025-09-24
    listed $278,500 Active
24. 2023-02-23
    soldstatus $105,000
25. 2023-01-19
    status Pending
26. 2023-01-13
    price $125,000
27. 2023-01-03
    listed $135,900 Active
28. 2023-01-02
    historical
29. 2022-07-15
    status Pending
30. 2022-06-29
    listed $153,000 Active
31. 2007-09-27
    soldstatus $92,000

ⓘ 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: $5,568 · $464/mo
• Projected year-2 tax: $5,568 · $464/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 10/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 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: $34,656
• − Mortgage interest: −$13,780
• − Property taxes: −$5,568
• − Insurance: −$6,755
• − Repairs & maintenance: −$2,772
• − Management: −$2,772
• − Depreciation: −$7,156
• Taxable loss: −$4,148
• Est. tax savings @ 24.0%: +$996
• After-tax cash flow: $570/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): 7,356
• Household income: $53,326
• Rent vs Own: 85.4% rent · 14.6% own
• Severe rent burden: 962.0

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: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: White 59% Black 20% Two or more races 14% Hispanic / Latino 10% Asian 2%
• Hispanic origin (detail): Mexican 3% Puerto Rican 4%
• Common ancestry: Romanian 5% Italian 2% Serbian 2%
• Foreign-born: 10% · Canada, China
• Languages at home: 91% English-only · Spanish 5% Other Indo-European 1% Russian/Polish/Slavic 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: ▲ 3.20%
• Current HPI: 276.7183
• 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

+167.4% since first listed

16 events — show timeline

• 2026-04-20 Price Changed $246,000 Global MLS
• 2026-04-10 Listed $250,000 Global MLS
• 2025-12-12 Relisted — Global MLS
• 2025-11-28 Pending — Global MLS
• 2025-11-28 Listing Removed — Global MLS
• 2025-11-27 Price Changed $278,500 Global MLS
• 2025-11-07 Price Changed $269,900 Global MLS
• 2025-09-24 Listed $278,500 Global MLS
• 2023-02-23 Sold (Public Records) $105,000 Public Records
• 2023-01-19 Pending — Global MLS
• 2023-01-13 Price Changed $125,000 Global MLS
• 2023-01-03 Listed $135,900 Global MLS
• 2023-01-02 Listing Removed — Global MLS
• 2022-07-15 Pending — Global MLS
• 2022-06-29 Listed $153,000 Global MLS
• 2007-09-27 Sold (Public Records) $92,000 Public Records

Property tax history

+0.7%/yr

Latest (2025): $5,568 · +3.6% YoY. Source: county tax records.