907 Delamont Ave · Schenectady, NY 12307

$309,900

6 bd · 2.0 ba · 2,460 sqft · MultiFamily public records · 86 Days on market

Built 1900 3,049 sqft lot $126/sqft · 19% below area Est $385k · 19% under

---

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 +18.2/30.0
• ARV discount +15.0/15.0
• Appreciation +10.0/10.0
• DSCR +5.7/10.0
• 1% rule +5.0/10.0
• 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

FIRST FLOOR NOW VACANT AND READY FOR YOU TO MOVE RIGHT IN! Excellent Opportunity to own a Large, 2 Family House in the thriving City of Schenectady. Great for Owner Occupied or Investment. Many new updates throughout. 3 Bedrooms over 3 Bedrooms. Close to State Street, Downtown, Restaurants, Shopping, Bus Line and more. Don't miss out on this one!

Key facts

• Close to restaurants
• Large 2 family house
• Close to shopping

Tags

• LARGE 2 FAMILY HOUSE
• NEW UPDATES
• CLOSE TO STATE STREET
• CLOSE TO DOWNTOWN
• CLOSE TO RESTAURANTS
• CLOSE TO SHOPPING

What this means for you Summary

Snapshot

• This is a 2 × 3-bed/1.0-bath units multifamily listed at $310k.

Deal economics

• At list price, monthly cash flow is $281 ($3k/yr) — positive. Per door: $140/mo.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $310k (0.1% below list).
• Recommended offer: $291k (6.0% below list) — sets the bar for market timing.

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: 33 active listings in the ZIP; 154 units permitted in Schenectady County in 2024 (54 in 5+ unit buildings).

Forward outlook

• In year one you build about $33k of equity ($2k loan paydown + $31k appreciation (10.0% 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 (10.0% appreciation + 3.0% rent growth), your $87k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$53k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 86 days — a 6% lower offer ($291k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 22y 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 $180k; list at $310k implies a 72% 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 $291,306 (6.0% below list)

Questions for the listing agent

1. It's been on market 86 days. Have you received any prior offers? Is the seller open to a 6% 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 1900 — 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: 1.00% ✗
• Cap rate: 7.38%
• Cash-on-cash: 3.88%
• DSCR: 1.17
• GRM: 8.3

CMA / ARV

• ARV (median comp): $384,529
• List price: $309,900
• Delta: -19.41%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1013 Delamont Ave	0.13mi	6/2.0	2,576 (+5%)	1mo	$111,500	$43	85
510 Mumford St	0.28mi	6/2.0	2,544 (+3%)	2mo	$15,000	$6	80
1 Chestnut St	0.30mi	6/3.0	2,406 (-2%)	2mo	$290,000	$121	77
421 Summit Ave	0.27mi	6/2.0	2,600 (+6%)	2mo	$308,000	$118	76
222 Duane Ave	0.22mi	6/2.0	2,700 (+10%)	1mo	$329,900	$122	73
25 Steuben St	0.22mi	6/3.0	2,640 (+7%)	1mo	$265,000	$100	72
16 Hawk St	0.45mi	6/2.0	2,584 (+5%)	0mo	$370,000	$143	70
5 Hawk St	0.45mi	6/2.0	2,294 (-7%)	1mo	$325,000	$142	67
21 Hawk St	0.49mi	6/2.0	2,294 (-7%)	0mo	$334,750	$146	66
316 Georgetta Dix Plz	0.32mi	6/4.0	2,664 (+8%)	4mo	$262,500	$99	60
762 Eastern Ave	0.70mi	6/2.0	2,205 (-10%)	3mo	$269,900	$122	48
318 Georgetta Dix Plz	0.32mi	7/4.0 (+1)	2,806 (+14%)	4mo	$200,000	$71	45

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

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 27.1%
• Equity multiple: 3.15×
• Total profit: $186,724
• Equity at exit: $279,182

10-year hold

• IRR: 23.7%
• Equity multiple: 7.18×
• Total profit: $535,930
• Equity at exit: $602,068

Cash invested: $86,772 (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 12307

• Home prices YoY: 3.3%
• Active inventory: 33
• Price-to-rent: 16.7×

Monthly cashflow live

• Estimated rent: $3,097 high
• Mortgage (P&I): −$1,625
• Tax from tax record: −$412 /mo · $4,939/yr
• Insurance: −$129
• HOA: −$0
• Vacancy / Maint / Mgmt: −$650
• Net cashflow: $281

Break-even live

Break-even rent $2,742

Max offer price $309,900

Occupancy floor 86%

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

Units	Beds	Baths	Est. rent
▸ 2× units	3	1	$3,098
Total (2 units)			$3,097

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: $77,475
• Closing costs: $9,297
• Reserves months: —
• Total cash needed: —

Listing history 33 events

1. 2026-06-18
   days on market $309,900 Active 86 DOM
2. 2026-06-17
   days on market $309,900 Active 85 DOM
3. 2026-06-16
   days on market $309,900 Active 84 DOM
4. 2026-06-15
   days on market $309,900 Active 83 DOM
5. 2026-06-14
   days on market $309,900 Active 81 DOM
6. 2026-06-13
   days on market $309,900 Active 80 DOM
7. 2026-06-10
   days on market $309,900 Active 78 DOM
8. 2026-06-09
   days on market $309,900 Active 77 DOM
9. 2026-06-08
   days on market $309,900 Active 76 DOM
10. 2026-06-07
    days on market $309,900 Active 75 DOM
11. 2026-06-03
    days on market $309,900 Active 71 DOM
12. 2026-06-02
    days on market $309,900 Active 70 DOM
13. 2026-06-01
    days on market $309,900 Active 69 DOM
14. 2026-05-31
    days on market $309,900 Active 68 DOM
15. 2026-05-31
    days on market $309,900 Active 67 DOM
16. 2026-05-07
    price $309,900 354-char remark

    Show marketing remark (354 chars)

    FIRST FLOOR NOW VACANT AND READY FOR YOU TO MOVE RIGHT IN! Excellent Opportunity to own a Large, 2 Family House in the thriving City of Schenectady. Great for Owner Occupied or Investment. Many new updates throughout. 3 Bedrooms over 3 Bedrooms. Close to State Street, Downtown, Restaurants, Shopping, Bus Line and more. Don't miss out on this one!

17. 2026-04-20
    price $314,900 354-char remark

    Show marketing remark (354 chars)

    FIRST FLOOR NOW VACANT AND READY FOR YOU TO MOVE RIGHT IN! Excellent Opportunity to own a Large, 2 Family House in the thriving City of Schenectady. Great for Owner Occupied or Investment. Many new updates throughout. 3 Bedrooms over 3 Bedrooms. Close to State Street, Downtown, Restaurants, Shopping, Bus Line and more. Don't miss out on this one!

18. 2026-03-24
    listed $319,900 Active 354-char remark

    Show marketing remark (354 chars)

    FIRST FLOOR NOW VACANT AND READY FOR YOU TO MOVE RIGHT IN! Excellent Opportunity to own a Large, 2 Family House in the thriving City of Schenectady. Great for Owner Occupied or Investment. Many new updates throughout. 3 Bedrooms over 3 Bedrooms. Close to State Street, Downtown, Restaurants, Shopping, Bus Line and more. Don't miss out on this one!

19. 2024-08-15
    soldstatus $180,000
20. 2021-01-26
    soldstatus $92,500
21. 2016-09-01
    historical
22. 2016-08-04
    status Extended
23. 2016-08-01
    historical
24. 2016-06-01
    listed $72,900 New
25. 2016-06-01
    historical
26. 2015-11-25
    listed $72,900 Active
27. 2010-10-11
    historical
28. 2009-11-10
    listed $97,900
29. 2005-03-11
    soldstatus $34,900
30. 2005-03-02
    soldstatus $34,900
31. 2005-01-17
    historical
32. 2004-12-28
    listed $34,900
33. 1999-03-05
    soldstatus $57,900

ⓘ 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: $4,939 · $412/mo
• Projected year-2 tax: $5,088 · $424/mo
• Expected delta: +$149/yr (+$12/mo · 3.0%)

ⓘ 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 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: $37,164
• − Mortgage interest: −$17,359
• − Property taxes: −$4,939
• − Insurance: −$1,550
• − Repairs & maintenance: −$2,973
• − Management: −$2,973
• − Depreciation: −$9,015
• Taxable loss: −$1,645
• Est. tax savings @ 24.0%: +$395
• After-tax cash flow: $3,764/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
• City population: 141,369
• Population (ZIP): 7,977

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: Highly diverse neighborhood (Simpson 0.81)
• Race & ethnicity: Black 28% Hispanic / Latino 25% White 19% Two or more races 16% Asian 11% Native American 3%
• Hispanic origin (detail): Mexican 5% Puerto Rican 14% Dominican 3%
• Common ancestry: Lithuanian 3% Ukrainian 3% Romanian 1%
• Foreign-born: 32% · Canada, Jamaica, South Korea
• Languages at home: 79% English-only · Spanish 12% Arabic 2% Other Asian/Pacific 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: ▲ 12.60%
• Current HPI: 398.0252
• Rent YoY: —
• Metro: —
• 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

+435.2% since first listed

18 events — show timeline

• 2026-05-07 Price Changed $309,900 Global MLS
• 2026-04-20 Price Changed $314,900 Global MLS
• 2026-03-24 Listed $319,900 Global MLS
• 2024-08-15 Sold (Public Records) $180,000 Public Records
• 2021-01-26 Sold (Public Records) $92,500 Public Records
• 2016-09-01 Listing Removed — Global MLS
• 2016-08-04 Relisted — Global MLS
• 2016-08-01 Listing Removed — Global MLS
• 2016-06-01 Listed $72,900 Global MLS
• 2016-06-01 Listing Removed — Global MLS
• 2015-11-25 Listed $72,900 Global MLS
• 2010-10-11 Listing Removed — Global MLS
• 2009-11-10 Listed $97,900 Global MLS
• 2005-03-11 Sold (MLS) $34,900 Global MLS
• 2005-03-02 Sold (Public Records) $34,900 Public Records
• 2005-01-17 Listing Removed — Global MLS
• 2004-12-28 Listed $34,900 Global MLS
• 1999-03-05 Sold (Public Records) $57,900 Public Records

Property tax history

+1.2%/yr

Latest (2025): $4,939 · +5.4% YoY. Source: county tax records.