21 Hawk St · Schenectady, NY 12307

$299,900

6 bd · 2.0 ba · 2,294 sqft · MultiFamily public records · 11 Days on market

Built 1910 4,356 sqft lot $131/sqft · 19% below area Est $369k · 19% 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 +17.6/30.0
• ARV discount +15.0/15.0
• Appreciation +10.0/10.0
• DSCR +5.5/10.0
• 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

Attention all investors and owner occupants! Check out this newly updated and impeccably maintained two-family home in Schenectady. Featuring six bedrooms, two bathrooms, spacious living room, dining area, and kitchen. Roof replaced just six months ago, along with a new heating system and flooring throughout. Includes a detached car garage and street parking. Second floor is vacant and ready to move in. Conveniently located near State Street, shopping, restaurants, and transportation.

Key facts

• Enclosed porches
• Up down duplex
• Newer roof

Tags

• UP DOWN DUPLEX
• MARBLE TILE BATHROOMS
• CERAMIC TILE BATHROOMS
• MARBLE BACKSPLASHES
• ENCLOSED PORCHES
• NEWER ROOF

Property features AI

Exterior

• Parking: Detached garage; Driveway; Garage parking — 2 total spaces (2 garage spaces)
• Utilities: Electric with circuit breaker panel; Public water; Public sewer
• Home design: Duplex; Two-unit multi-family property; Level, cleared lot
• Construction: Block, brick and vinyl siding construction; Foundation: Brick/mortar, combination and concrete perimeter
• Exterior features: Asphalt roof; Partial fencing; Detached garage(s)

Interior

• Kitchen: Each unit includes a kitchen
• Bedrooms: Two 3-bedroom units (one with bedrooms on the 1st floor, one with bedrooms on the 2nd floor)
• Flooring: Vinyl; Wood; Laminate; Marble
• Bathrooms: Two full bathrooms (one located on 1st floor, one located on 2nd floor)
• Heating & cooling: Has heating; Baseboard heating; Forced air; Hot water heating; Natural gas
• Interior features: Ceramic tile baths
• Laundry & utility: Washer hookup; Electric dryer hookup; Laundry located in basement

What this means for you Summary

Snapshot

• This is a 2 × 3-bed/1.0-bath units multifamily listed at $300k.

Deal economics

• At list price, monthly cash flow is $235 ($3k/yr) — positive. Per door: $118/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $300k).

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: 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 $32k of equity ($2k loan paydown + $30k 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 $84k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$52k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 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.

Risks & watch-outs

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

Recommended offer $299,900

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 1910 — 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: 1.00% ✓
• Cap rate: 7.23%
• Cash-on-cash: 3.36%
• DSCR: 1.15
• GRM: 8.3

CMA / ARV

• ARV (median comp): $369,264
• List price: $299,900
• Delta: -18.78%
• 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
21 Hawk St	0.00mi	6/2.0	2,294 (0%)	0mo	$334,750	$146	100
5 Hawk St	0.05mi	6/2.0	2,294 (0%)	1mo	$325,000	$142	97
16 Hawk St	0.04mi	6/2.0	2,584 (+13%)	0mo	$370,000	$143	77
1 Chestnut St	0.31mi	6/3.0	2,406 (+5%)	2mo	$290,000	$121	72
309 Division St	0.53mi	6/2.0	2,232 (-3%)	4mo	$275,000	$123	68
762 Eastern Ave	0.58mi	6/2.0	2,205 (-4%)	3mo	$269,900	$122	64
44 Elm St	0.57mi	6/2.0	2,198 (-4%)	4mo	$290,000	$132	63
1321 State St	0.67mi	6/2.0	2,196 (-4%)	2mo	$240,000	$109	60
1013 Delamont Ave	0.41mi	6/2.0	2,576 (+12%)	1mo	$111,500	$43	59
82 Robinson St	0.73mi	6/2.0	2,222 (-3%)	3mo	$170,000	$77	58
634 Hamilton St	0.65mi	5/2.0 (-1)	2,024 (-12%)	0mo	$210,000	$104	45
421 Summit Ave	0.73mi	6/2.0	2,600 (+13%)	2mo	$308,000	$118	42

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: 26.7%
• Equity multiple: 3.12×
• Total profit: $178,392
• Equity at exit: $270,174

10-year hold

• IRR: 23.4%
• Equity multiple: 7.12×
• Total profit: $513,733
• Equity at exit: $582,640

Cash invested: $83,972 (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 12307

• Home prices YoY: 3.3%
• Active inventory: 33
• Price-to-rent: 16.6×

Monthly cashflow live

• Estimated rent: $3,006 high
• Mortgage (P&I): −$1,573
• Tax from tax record: −$442 /mo · $5,304/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$631
• Net cashflow: $235

Break-even live

Break-even rent $2,708

Max offer price $299,900

Occupancy floor 87%

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

Units	Beds	Baths	Est. rent
▸ 2× units	3	1	$3,006
Total (2 units)			$3,006

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: $74,975
• Closing costs: $8,997
• Reserves months: —
• Total cash needed: —

Listing history 12 events

1. 2026-05-05
   status Pending 1189-char remark
2. 2026-04-24
   listed $299,900 Active 1189-char remark
3. 2024-12-30
   soldstatus $300,000 Closed 489-char remark

   Show marketing remark (489 chars)

   Attention all investors and owner occupants! Check out this newly updated and impeccably maintained two-family home in Schenectady. Featuring six bedrooms, two bathrooms, spacious living room, dining area, and kitchen. Roof replaced just six months ago, along with a new heating system and flooring throughout. Includes a detached car garage and street parking. Second floor is vacant and ready to move in. Conveniently located near State Street, shopping, restaurants, and transportation.

4. 2024-12-02
   status Pending 489-char remark

   Show marketing remark (489 chars)

   Attention all investors and owner occupants! Check out this newly updated and impeccably maintained two-family home in Schenectady. Featuring six bedrooms, two bathrooms, spacious living room, dining area, and kitchen. Roof replaced just six months ago, along with a new heating system and flooring throughout. Includes a detached car garage and street parking. Second floor is vacant and ready to move in. Conveniently located near State Street, shopping, restaurants, and transportation.

5. 2024-07-03
   listed $329,900 Active 489-char remark

   Show marketing remark (489 chars)

   Attention all investors and owner occupants! Check out this newly updated and impeccably maintained two-family home in Schenectady. Featuring six bedrooms, two bathrooms, spacious living room, dining area, and kitchen. Roof replaced just six months ago, along with a new heating system and flooring throughout. Includes a detached car garage and street parking. Second floor is vacant and ready to move in. Conveniently located near State Street, shopping, restaurants, and transportation.

6. 2006-02-17
   soldstatus $82,500

   Show marketing remark (210 chars)

   This Schenectady home is a rare find. Each unit has Separate utilities, newer furnaces, newer plumbing, newer appliances, hardwood floors, off street parking, low taxes, this is a Must See! Excellent Condition

7. 2006-01-04
   historical

   Show marketing remark (210 chars)

   This Schenectady home is a rare find. Each unit has Separate utilities, newer furnaces, newer plumbing, newer appliances, hardwood floors, off street parking, low taxes, this is a Must See! Excellent Condition

8. 2005-12-28
   listed $85,000

   Show marketing remark (210 chars)

   This Schenectady home is a rare find. Each unit has Separate utilities, newer furnaces, newer plumbing, newer appliances, hardwood floors, off street parking, low taxes, this is a Must See! Excellent Condition

9. 2005-05-16
   soldstatus $74,160
10. 2005-04-29
    soldstatus $74,160
11. 2005-03-23
    historical
12. 2005-03-09
    listed $79,000

ⓘ 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: $5,304 · $442/mo
• Projected year-2 tax: $5,304 · $442/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 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥95°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: $36,072
• − Mortgage interest: −$16,799
• − Property taxes: −$5,304
• − Insurance: −$1,500
• − Repairs & maintenance: −$2,886
• − Management: −$2,886
• − Depreciation: −$8,724
• Taxable loss: −$2,027
• Est. tax savings @ 24.0%: +$486
• After-tax cash flow: $3,307/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

+323.7% since first listed

13 events — show timeline

• 2026-06-05 Sold (MLS) $334,750 Global MLS
• 2026-05-05 Pending — Global MLS
• 2026-04-24 Listed $299,900 Global MLS
• 2024-12-30 Sold (MLS) $300,000 Global MLS
• 2024-12-02 Pending — Global MLS
• 2024-07-03 Listed $329,900 Global MLS
• 2006-02-17 Sold (MLS) $82,500 Global MLS
• 2006-01-04 Listing Removed — Global MLS
• 2005-12-28 Listed $85,000 Global MLS
• 2005-05-16 Sold (Public Records) $74,160 Public Records
• 2005-04-29 Sold (MLS) $74,160 Global MLS
• 2005-03-23 Listing Removed — Global MLS
• 2005-03-09 Listed $79,000 Global MLS

Property tax history

+0.8%/yr

Latest (2025): $5,304 · +3.7% YoY. Source: county tax records.