1414 Chrisler Ave · Schenectady, NY 12303

$249,900

5 bd · 2.0 ba · 1,820 sqft · MultiFamily public records · 17 Days on market

Built 1920 3,920 sqft lot Est $273k · 8% under

---

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 +22.5/30.0
• ARV discount +11.3/15.0
• DSCR +7.2/10.0
• 1% rule +6.5/10.0
• Livability +3.9/5.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 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 MLS

Investors...add this turn key, cash cow Investment property to your portfolio! Estimated return on investment...16%. Rents could be higher for an even greater return on investment. Close to the new Casino. Both apartments just updated. 2 Bedrooms in each flat. Must see, won't last! Excellent Condition

Key facts

• Close to parks
• Close to restaurants
• Close to schools

Tags

• AFFORDABLE 2 FAMILY HOUSE
• 2 BEDROOMS OVER 2 BEDROOMS
• CLOSE TO SHOPPING
• CLOSE TO RESTAURANTS
• CLOSE TO SCHOOLS
• CLOSE TO PARKS

What this means for you Summary

Snapshot

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

Deal economics

• At list price, monthly cash flow is $422 ($5k/yr) — positive. Per door: $211/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 8.3% 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: 164 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 154 units permitted in Schenectady County in 2024 (54 in 5+ unit buildings).
• This rent runs 41% of the median local income ($84k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

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.

Negotiation context

• It's been on market 17 days — a 2% lower offer ($246k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 14y 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 $68k; list at $250k implies a 268% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — 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 1920 — 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: 1.15% ✓
• Cap rate: 8.32%
• Cash-on-cash: 7.24%
• DSCR: 1.32
• GRM: 7.2

CMA / ARV

• ARV (on-the-fly): $273,000
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1414 Chrisler Ave	0.00mi	4/2.0 (-1)	1,820 (0%)	1mo	$240,000	$132	94
1435 Van Cortland St	0.14mi	4/2.0 (-1)	1,936 (+6%)	6mo	$215,000	$111	73
910 Pennsylvania Ave	0.11mi	6/3.0 (+1)	1,700 (-7%)	6mo	$325,000	$191	70
1267 Webster St	0.37mi	4/2.0 (-1)	1,685 (-7%)	10mo	$153,000	$91	57
1108 Cutler St	0.61mi	4/2.0 (-1)	1,848 (+2%)	10mo	$278,000	$150	56
348 Duane Ave	0.67mi	5/2.0	1,728 (-5%)	15mo	$190,000	$110	48
1237 4th Ave	0.66mi	6/2.0 (+1)	1,712 (-6%)	11mo	$275,000	$161	45
913-915 Bridge St	0.63mi	5/2.0	2,056 (+13%)	10mo	$315,000	$153	40
1004 Cutler St	0.72mi	5/2.5	1,980 (+9%)	14mo	$299,000	$151	38
1007 Strong St	0.62mi	4/2.0 (-1)	1,600 (-12%)	13mo	$181,000	$113	36
1320 4th Ave	0.73mi	4/2.0 (-1)	1,564 (-14%)	4mo	$242,250	$155	34
903 Lincoln Ave	0.70mi	6/2.0 (+1)	2,078 (+14%)	13mo	$216,300	$104	28

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: -5.2%
• Equity multiple: 0.81×
• Total profit: $-13,489
• Equity at exit: $37,261

10-year hold

• IRR: 4.5%
• Equity multiple: 1.33×
• Total profit: $23,365
• 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: 164
• Price-to-rent: 14.5×

Monthly cashflow live

• Estimated rent: $2,881 high
• Mortgage (P&I): −$1,311
• Tax from tax record: −$439 /mo · $5,271/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$605
• Net cashflow: $422

Break-even live

Break-even rent $2,347

Max offer price $249,900

Occupancy floor 80%

Sensitivity live

Price	-10% $564	-5% $493	+0% $422	+5% $351	+10% $281
Rent	-10% $195	-5% $308	+0% $422	+5% $536	+10% $650
Rate	-1.0pp $548	-0.5pp $486	base $422	+0.5pp $357	+1.0pp $291

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

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$2,882
Total (2 units)			$2,881

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 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1346 10th Ave Schenectady, NY	4.0	2.0	2350	$2,499	$1.06	15d	1	0.41mi

Listing history 18 events

1. 2026-04-10
   status Pending
2. 2026-03-24
   listed $249,900 Active
3. 2019-04-03
   historical
4. 2019-04-02
   status Active
5. 2018-12-06
   historical
6. 2018-12-04
   listed $79,900 New
7. 2018-04-06
   soldstatus $68,000
8. 2018-04-02
   soldstatus $68,000 Closed (Final Sale) 308-char remark

   Show marketing remark (308 chars)

   Investors...add this turn key, cash cow Investment property to your portfolio! Estimated return on investment...16%. Rents could be higher for an even greater return on investment. Close to the new Casino. Both apartments just updated. 2 Bedrooms in each flat. Must see, won't last! Excellent Condition

9. 2018-03-26
   status Pend (Under Cntr) 308-char remark

   Show marketing remark (308 chars)

   Investors...add this turn key, cash cow Investment property to your portfolio! Estimated return on investment...16%. Rents could be higher for an even greater return on investment. Close to the new Casino. Both apartments just updated. 2 Bedrooms in each flat. Must see, won't last! Excellent Condition

10. 2018-03-20
    status Back On Market 308-char remark

    Show marketing remark (308 chars)

    Investors...add this turn key, cash cow Investment property to your portfolio! Estimated return on investment...16%. Rents could be higher for an even greater return on investment. Close to the new Casino. Both apartments just updated. 2 Bedrooms in each flat. Must see, won't last! Excellent Condition

11. 2018-02-22
    status Pend (Under Cntr) 308-char remark

    Show marketing remark (308 chars)

    Investors...add this turn key, cash cow Investment property to your portfolio! Estimated return on investment...16%. Rents could be higher for an even greater return on investment. Close to the new Casino. Both apartments just updated. 2 Bedrooms in each flat. Must see, won't last! Excellent Condition

12. 2018-02-05
    status Back On Market 308-char remark

    Show marketing remark (308 chars)

    Investors...add this turn key, cash cow Investment property to your portfolio! Estimated return on investment...16%. Rents could be higher for an even greater return on investment. Close to the new Casino. Both apartments just updated. 2 Bedrooms in each flat. Must see, won't last! Excellent Condition

13. 2018-01-17
    status Pend (Under Cntr) 308-char remark

    Show marketing remark (308 chars)

    Investors...add this turn key, cash cow Investment property to your portfolio! Estimated return on investment...16%. Rents could be higher for an even greater return on investment. Close to the new Casino. Both apartments just updated. 2 Bedrooms in each flat. Must see, won't last! Excellent Condition

14. 2018-01-12
    listed $69,900 New 308-char remark

    Show marketing remark (308 chars)

    Investors...add this turn key, cash cow Investment property to your portfolio! Estimated return on investment...16%. Rents could be higher for an even greater return on investment. Close to the new Casino. Both apartments just updated. 2 Bedrooms in each flat. Must see, won't last! Excellent Condition

15. 2013-01-15
    soldstatus $44,000
16. 2012-12-14
    soldstatus $44,000
17. 2012-11-27
    historical
18. 2012-11-10
    listed $45,900

ⓘ 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: $5,271 · $439/mo
• Projected year-2 tax: $5,271 · $439/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: $34,572
• − Mortgage interest: −$13,998
• − Property taxes: −$5,271
• − Insurance: −$1,250
• − Repairs & maintenance: −$2,766
• − Management: −$2,766
• − Depreciation: −$7,270
• Taxable income: $1,252
• Est. tax owed @ 24.0%: −$300
• After-tax cash flow: $4,765/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

+444.4% since first listed

18 events — show timeline

• 2026-04-10 Pending — Global MLS
• 2026-03-24 Listed $249,900 Global MLS
• 2019-04-03 Listing Removed — Global MLS
• 2019-04-02 Relisted — Global MLS
• 2018-12-06 Listing Removed — Global MLS
• 2018-12-04 Listed $79,900 Global MLS
• 2018-04-06 Sold (Public Records) $68,000 Public Records
• 2018-04-02 Sold (MLS) $68,000 Global MLS
• 2018-03-26 Pending — Global MLS
• 2018-03-20 Relisted — Global MLS
• 2018-02-22 Pending — Global MLS
• 2018-02-05 Relisted — Global MLS
• 2018-01-17 Pending — Global MLS
• 2018-01-12 Listed $69,900 Global MLS
• 2013-01-15 Sold (Public Records) $44,000 Public Records
• 2012-12-14 Sold (MLS) $44,000 Global MLS
• 2012-11-27 Listing Removed — Global MLS
• 2012-11-10 Listed $45,900 Global MLS

Property tax history

+0.8%/yr

Latest (2025): $5,271 · +3.7% YoY. Source: county tax records.