884 Yorkston St · Schenectady, NY 12303

$249,900

4 bd · 2.0 ba · 1,820 sqft · MultiFamily public records · 27 Days on market

Built 1900 4,791 sqft lot Est $198k · 26% over

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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 +26.2/30.0
• DSCR +8.9/10.0
• 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
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Multi-family units

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

Listing remarks

Welcome to this beautifully renovated 2-family home in Schenectady! Both units offer 3 bedrooms and 1 bathroom each, fully updated from top to bottom - featuring a brand new kitchen, updated bathroom, new flooring, fresh paint throughout, and new electrical fixtures. New furnaces in both units, plus a newer hot water tank and roof, give you total peace of mind for years to come. The partially finished attic can easily be converted into additional living space. Live in one unit and let the rent from the other help cover your mortgage - a smart move for any homeowner or investor. Tucked away on a quiet dead-end street, this home is a must-see. Schedule your showing today!

Key facts

• Fresh paint
• Brand new kitchen
• New flooring

Tags

• RENOVATED 2-FAMILY HOME
• BRAND NEW KITCHEN
• UPDATED BATHROOM
• NEW FLOORING
• FRESH PAINT
• NEW ELECTRICAL FIXTURES

Property features AI

Exterior

• Parking: Driveway with 3 parking spaces
• Utilities: Public water; Public sewer; 100 Amp electric service with circuit breakers; Cable available
• Home design: Duplex; Vinyl siding construction
• Construction: Asphalt roof; Brick/mortar foundation
• Exterior features: Garden; Back yard and perimeter fencing; Level lot

Interior

• Bedrooms: Two units each with 3 bedrooms (one unit on 1st level, one on 2nd level)
• Bathrooms: Two full bathrooms (one full bath on 1st level, one full bath on 2nd level)
• Heating & cooling: Forced air heating (natural gas)
• Interior features: Full unfinished basement with interior entry

What this means for you Summary

Snapshot

• This is a 2 × 3-bed/1.0-bath units multifamily listed at $250k.

Deal economics

• At list price, monthly cash flow is $641 ($8k/yr) — positive. Per door: $320/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $250k).
• Recommended offer: $246k (1.5% below list) — sets the bar for market timing.
• Cap rate 9.4% 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: 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.
• Zoned schools: Schenectady High School (math 75% / reading 90%, grade A, #446 of 1,100 statewide, top 41%, 2,743 students, 71% FRL).
• Zoned-school proficiency averages 82% at this address vs 36% district-wide (+46 pts) — the actual schools serving this property are materially stronger than the Schenectady City School District average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: 161 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 14d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 154 units permitted in Schenectady County in 2024 (54 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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 $70k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 27 days — a 2% lower offer ($246k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 21y 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 $135k; list at $250k implies a 85% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $246,151 (1.5% below list)

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 9.37%
• Cash-on-cash: 10.99%
• DSCR: 1.49
• GRM: 6.6

CMA / ARV

• ARV (on-the-fly): $198,380
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
602 Lansing St	0.05mi	4/2.0	1,856 (+2%)	7mo	$176,000	$95	89
1226 2nd Ave	0.27mi	4/2.0	1,660 (-9%)	10mo	$115,000	$69	64
1180 Van Cortland St	0.54mi	3/2.0 (-1)	1,820 (0%)	10mo	$222,000	$122	62
1108 Cutler St	0.65mi	4/2.0	1,848 (+2%)	10mo	$278,000	$150	59
913-915 Bridge St	0.15mi	5/2.0 (+1)	2,056 (+13%)	10mo	$315,000	$153	58
634 Hamilton St	0.41mi	5/2.0 (+1)	2,024 (+11%)	0mo	$210,000	$104	57
1320 4th Ave	0.36mi	4/2.0	1,564 (-14%)	4mo	$242,250	$155	56
1417 3rd Ave	0.44mi	5/3.0 (+1)	1,600 (-12%)	2mo	$175,000	$109	49
1267 Webster St	0.66mi	4/2.0	1,685 (-7%)	10mo	$153,000	$91	49
935 Davis Ter	0.57mi	4/2.0	2,000 (+10%)	12mo	$36,000	$18	47
1007 Strong St	0.69mi	4/2.0	1,600 (-12%)	12mo	$181,000	$113	37
1491 Broadway	0.54mi	5/2.0 (+1)	2,072 (+14%)	12mo	$44,575	$22	37

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: 0.2%
• Equity multiple: 1.01×
• Total profit: $449
• Equity at exit: $37,261

10-year hold

• IRR: 9.9%
• Equity multiple: 1.76×
• Total profit: $53,442
• Equity at exit: $21,607

Cash invested: $69,972 (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: 161
• Price-to-rent: 13.2×

Monthly cashflow live

• Estimated rent: $3,145 high
• Mortgage (P&I): −$1,311
• Tax from tax record: −$429 /mo · $5,147/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$660
• Net cashflow: $641

Break-even live

Break-even rent $2,334

Max offer price $249,900

Occupancy floor 75%

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

Units	Beds	Baths	Est. rent
▸ 2× units	3	1	$3,146
Total (2 units)			$3,145

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: $62,475
• Closing costs: $7,497
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1346 10th Ave Schenectady, NY	4.0	2.0	2350	$2,499	$1.06	14d	1	0.73mi
117 Washington Ave Schenectady, NY	2.0–4.0	1.0–2.0	1033	$2,163	$2.09	14d	9	0.76mi
2007 Campbell Ave Schenectady, NY	3.0	1.0	1272	$1,600	$1.26	14d	1	0.96mi
2030 Euclid Ave Schenectady, NY	3.0	1.0	1300	$2,000	$1.54	19d	1	0.99mi
909 Vischer Ave Schenectady, NY	3.0	1.5	1512	$1,995	$1.32	14d	1	1.43mi
509 Nott St Unit 507 Schenectady, NY	4.0	1.0	1400	$1,695	$1.21	43d	1	1.49mi

Listing history 42 events

1. 2026-06-18
   days on market $249,900 Active 27 DOM
2. 2026-06-17
   days on market $249,900 Active 26 DOM
3. 2026-06-16
   days on market $249,900 Active 25 DOM
4. 2026-06-15
   days on market $249,900 Active 24 DOM
5. 2026-06-14
   days on market $249,900 Active 22 DOM
6. 2026-06-13
   days on market $249,900 Active 21 DOM
7. 2026-06-10
   days on market $249,900 Active 19 DOM
8. 2026-06-09
   days on market $249,900 Active 18 DOM
9. 2026-06-08
   days on market $249,900 Active 17 DOM
10. 2026-06-07
    days on market $249,900 Active 16 DOM
11. 2026-06-03
    days on market $249,900 Active 12 DOM
12. 2026-06-02
    days on market $249,900 Active 11 DOM
13. 2026-06-01
    days on market $249,900 Active 10 DOM
14. 2026-05-31
    days on market $249,900 Active 9 DOM
15. 2026-05-31
    days on market $249,900 Active 8 DOM
16. 2026-05-22
    listed $249,900 Active
17. 2025-12-30
    historical
18. 2025-10-24
    price $254,900
19. 2025-09-18
    listed $264,900 Active
20. 2025-05-14
    soldstatus $135,000
21. 2020-06-18
    historical
22. 2020-04-27
    status Back On Market
23. 2020-02-27
    historical
24. 2020-02-07
    status Back On Market
25. 2019-12-09
    historical
26. 2019-12-07
    status Back On Market
27. 2019-10-08
    historical
28. 2019-09-18
    listed $65,000 New
29. 2016-09-29
    soldstatus $19,000
30. 2016-09-22
    soldstatus $19,000 Closed (Final Sale)
31. 2016-09-13
    price $1
32. 2016-09-13
    status Pend (Under Cntr)
33. 2016-09-13
    status Price Change
34. 2016-09-13
    status Pend (Under Cntr)
35. 2016-08-13
    price $34,000
36. 2016-08-04
    price $39,900
37. 2016-05-27
    listed $51,900 New
38. 2005-12-29
    soldstatus $35,555
39. 2005-08-10
    historical
40. 2005-06-17
    listed $33,000
41. 2001-04-17
    soldstatus $72,000
42. 1995-06-09
    soldstatus $30,000

ⓘ 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: $5,147 · $429/mo
• Projected year-2 tax: $5,147 · $429/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 3/10 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: $37,740
• − Mortgage interest: −$13,998
• − Property taxes: −$5,147
• − Insurance: −$1,250
• − Repairs & maintenance: −$3,019
• − Management: −$3,019
• − Depreciation: −$7,270
• Taxable income: $4,037
• Est. tax owed @ 24.0%: −$969
• After-tax cash flow: $6,723/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

+733.0% since first listed

27 events — show timeline

• 2026-05-22 Listed $249,900 Global MLS
• 2025-12-30 Listing Removed — Global MLS
• 2025-10-24 Price Changed $254,900 Global MLS
• 2025-09-18 Listed $264,900 Global MLS
• 2025-05-14 Sold (Public Records) $135,000 Public Records
• 2020-06-18 Listing Removed — Global MLS
• 2020-04-27 Relisted — Global MLS
• 2020-02-27 Listing Removed — Global MLS
• 2020-02-07 Relisted — Global MLS
• 2019-12-09 Listing Removed — Global MLS
• 2019-12-07 Relisted — Global MLS
• 2019-10-08 Listing Removed — Global MLS
• 2019-09-18 Listed $65,000 Global MLS
• 2016-09-29 Sold (Public Records) $19,000 Public Records
• 2016-09-22 Sold (MLS) $19,000 Global MLS
• 2016-09-13 Price Changed $1 Global MLS
• 2016-09-13 Pending — Global MLS
• 2016-09-13 Relisted — Global MLS
• 2016-09-13 Pending — Global MLS
• 2016-08-13 Price Changed $34,000 Global MLS
• 2016-08-04 Price Changed $39,900 Global MLS
• 2016-05-27 Listed $51,900 Global MLS
• 2005-12-29 Sold (MLS) $35,555 Global MLS
• 2005-08-10 Listing Removed — Global MLS
• 2005-06-17 Listed $33,000 Global MLS
• 2001-04-17 Sold (Public Records) $72,000 Public Records
• 1995-06-09 Sold (Public Records) $30,000 Public Records

Property tax history

+0.8%/yr

Latest (2025): $5,147 · +2.5% YoY. Source: county tax records.