222 Duane Ave · Schenectady, NY 12307

$329,900

6 bd · 2.0 ba · 2,700 sqft · MultiFamily public records · 54 Days on market

Built 1910 3,484 sqft lot Est $267k · 23% over

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Why this score? — see what drove the D+ 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 +14.5/30.0
• Appreciation +10.0/10.0
• 1% rule +4.4/10.0
• DSCR +4.4/10.0
• 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

Multi-family units

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

Listing remarks MLS

BEAUTIFUL SOLID RED BRICK TWO FAMILY. UNIQUE FIND. 3 CAR GARAGE. DECK. MOVE IN READY. SELLER DOWNSIZING. ONE IN HUNDREDS HOUSES IS A SOLID RED BRICK. LIMITED INVENTORY.

Key facts

• Brick exterior
• Updated kitchen
• Ceramic tile

Tags

• BRICK EXTERIOR
• UPDATED KITCHEN
• MARBLE VANITY
• CERAMIC TILE
• NEW WINDOWS
• ENERGY EFFICIENCY

What this means for you Summary

Snapshot

• This is a 2 × 3-bed/1.0-bath units multifamily listed at $330k.

Deal economics

• At list price, monthly cash flow is $75 ($905/yr) — positive. Per door: $38/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 $311k (5.8% below list).
• Recommended offer: $311k (5.8% below list) — sets the bar for 1% rule.

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: Dr Martin Luther King School Jr Elementary School (math 5% / reading 24%, grade F, #2,024 of 2,108 statewide, top 97%, 389 students, 79% FRL); 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 49% at this address vs 36% district-wide (+13 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 $35k of equity ($2k loan paydown + $33k 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 $92k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$57k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 54 days — a 3% lower offer ($320k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 18y 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 $239k; 38% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

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

Recommended offer $310,900 (5.8% below list)

Questions for the listing agent

1. It's been on market 54 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 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.94% ✗
• Cap rate: 6.57%
• Cash-on-cash: 0.98%
• DSCR: 1.04
• GRM: 8.8

CMA / ARV

• ARV (on-the-fly): $267,300
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
222 Duane Ave	0.00mi	6/2.0	2,700 (0%)	1mo	$329,900	$122	100
1013 Delamont Ave	0.13mi	6/2.0	2,576 (-5%)	1mo	$111,500	$43	85
25 Steuben St	0.17mi	6/3.0	2,640 (-2%)	1mo	$265,000	$100	83
16 Hawk St	0.45mi	6/2.0	2,584 (-4%)	0mo	$370,000	$143	71
421 Summit Ave	0.47mi	6/2.0	2,600 (-4%)	2mo	$308,000	$118	70
510 Mumford St	0.45mi	6/2.0	2,544 (-6%)	2mo	$15,000	$6	68
820 Strong St	0.26mi	6/4.0	2,880 (+7%)	3mo	$41,000	$14	66
316 Georgetta Dix Plz	0.54mi	6/4.0	2,664 (-1%)	4mo	$262,500	$99	61
1 Chestnut St	0.44mi	6/3.0	2,406 (-11%)	2mo	$290,000	$121	56
318 Georgetta Dix Plz	0.54mi	7/4.0 (+1)	2,806 (+4%)	4mo	$200,000	$71	52
314 Georgetta Dix Plz	0.55mi	6/4.0	2,886 (+7%)	4mo	$262,500	$91	52
1220 Crane St	0.63mi	7/2.0 (+1)	2,460 (-9%)	10mo	$215,000	$87	43

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: 25.0%
• Equity multiple: 3.00×
• Total profit: $184,587
• Equity at exit: $297,200

10-year hold

• IRR: 22.1%
• Equity multiple: 6.85×
• Total profit: $540,015
• Equity at exit: $640,923

Cash invested: $92,372 (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: 17.7×

Monthly cashflow live

• Estimated rent: $3,109 high
• Mortgage (P&I): −$1,730
• Tax from tax record: −$513 /mo · $6,158/yr
• Insurance: −$137
• HOA: −$0
• Vacancy / Maint / Mgmt: −$653
• Net cashflow: $75

Break-even live

Break-even rent $3,013

Max offer price $329,900

Occupancy floor 93%

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

Units	Beds	Baths	Est. rent
▸ 2× units	3	1	$3,108
Total (2 units)			$3,109

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: $82,475
• Closing costs: $9,897
• Reserves months: —
• Total cash needed: —

Listing history 25 events

1. 2026-04-18
   status Pending
2. 2026-04-09
   price $329,900
3. 2026-03-26
   status Active
4. 2026-02-09
   status Pending
5. 2026-01-09
   listed $332,900 Active
6. 2025-11-03
   historical
7. 2025-10-08
   price $339,900
8. 2025-09-29
   listed $360,000 Active
9. 2022-06-09
   soldstatus $239,000

   Show marketing remark (169 chars)

   BEAUTIFUL SOLID RED BRICK TWO FAMILY. UNIQUE FIND. 3 CAR GARAGE. DECK. MOVE IN READY. SELLER DOWNSIZING. ONE IN HUNDREDS HOUSES IS A SOLID RED BRICK. LIMITED INVENTORY.

10. 2022-06-09
    price $239,000 169-char remark

    Show marketing remark (169 chars)

    BEAUTIFUL SOLID RED BRICK TWO FAMILY. UNIQUE FIND. 3 CAR GARAGE. DECK. MOVE IN READY. SELLER DOWNSIZING. ONE IN HUNDREDS HOUSES IS A SOLID RED BRICK. LIMITED INVENTORY.

11. 2022-03-11
    price $237,900 169-char remark

    Show marketing remark (169 chars)

    BEAUTIFUL SOLID RED BRICK TWO FAMILY. UNIQUE FIND. 3 CAR GARAGE. DECK. MOVE IN READY. SELLER DOWNSIZING. ONE IN HUNDREDS HOUSES IS A SOLID RED BRICK. LIMITED INVENTORY.

12. 2022-03-01
    price $244,900 169-char remark

    Show marketing remark (169 chars)

    BEAUTIFUL SOLID RED BRICK TWO FAMILY. UNIQUE FIND. 3 CAR GARAGE. DECK. MOVE IN READY. SELLER DOWNSIZING. ONE IN HUNDREDS HOUSES IS A SOLID RED BRICK. LIMITED INVENTORY.

13. 2022-02-16
    listed $259,900 Active 169-char remark

    Show marketing remark (169 chars)

    BEAUTIFUL SOLID RED BRICK TWO FAMILY. UNIQUE FIND. 3 CAR GARAGE. DECK. MOVE IN READY. SELLER DOWNSIZING. ONE IN HUNDREDS HOUSES IS A SOLID RED BRICK. LIMITED INVENTORY.

14. 2014-04-04
    soldstatus $50,000
15. 2014-03-05
    historical
16. 2013-03-04
    listed $59,900
17. 2013-02-27
    historical
18. 2012-09-20
    listed $59,900
19. 2011-07-11
    soldstatus $85,000
20. 2011-04-20
    historical
21. 2010-12-18
    listed $89,900
22. 2008-08-28
    soldstatus $30,000
23. 2008-07-31
    soldstatus $30,000
24. 2008-06-18
    historical
25. 2008-06-03
    listed $72,000

ⓘ 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: $6,158 · $513/mo
• Projected year-2 tax: $6,158 · $513/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 ≥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: $37,308
• − Mortgage interest: −$18,480
• − Property taxes: −$6,158
• − Insurance: −$1,650
• − Repairs & maintenance: −$2,985
• − Management: −$2,985
• − Depreciation: −$9,597
• Taxable loss: −$4,545
• Est. tax savings @ 24.0%: +$1,091
• After-tax cash flow: $1,996/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

+358.2% since first listed

25 events — show timeline

• 2026-04-18 Pending — Global MLS
• 2026-04-09 Price Changed $329,900 Global MLS
• 2026-03-26 Relisted — Global MLS
• 2026-02-09 Pending — Global MLS
• 2026-01-09 Listed $332,900 Global MLS
• 2025-11-03 Listing Removed — Global MLS
• 2025-10-08 Price Changed $339,900 Global MLS
• 2025-09-29 Listed $360,000 Global MLS
• 2022-06-09 Sold (Public Records) $239,000 Public Records
• 2022-06-09 Price Changed $239,000 Global MLS
• 2022-03-11 Price Changed $237,900 Global MLS
• 2022-03-01 Price Changed $244,900 Global MLS
• 2022-02-16 Listed $259,900 Global MLS
• 2014-04-04 Sold (Public Records) $50,000 Public Records
• 2014-03-05 Listing Removed — Global MLS
• 2013-03-04 Listed $59,900 Global MLS
• 2013-02-27 Listing Removed — Global MLS
• 2012-09-20 Listed $59,900 Global MLS
• 2011-07-11 Sold (MLS) $85,000 Global MLS
• 2011-04-20 Listing Removed — Global MLS
• 2010-12-18 Listed $89,900 Global MLS
• 2008-08-28 Sold (Public Records) $30,000 Public Records
• 2008-07-31 Sold (MLS) $30,000 Global MLS
• 2008-06-18 Listing Removed — Global MLS
• 2008-06-03 Listed $72,000 Global MLS

Property tax history

+2.3%/yr

Latest (2025): $6,158 · +3.3% YoY. Source: county tax records.