34 Spring St · Schuylerville, NY 12871

$275,000

4 bd · 2.0 ba · 1,920 sqft · MultiFamily public records · 4 Days on market

Built 1973 6,969 sqft lot Est $248k · 11% 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 +19.4/30.0
• Appreciation +10.0/10.0
• 1% rule +6.1/10.0
• DSCR +6.1/10.0
• Schools +5.4/10.0
• Livability +3.9/5.0
• ARV discount +2.5/15.0
• 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

What a great opportunity to own an income producing duplex in the heart of beautiful Schuylerville! You'll love the large backyard, big bedrooms and walk out basement. Inside, the living rooms are spacious and light-filled, the bedrooms are large and each include closets. The left unit is vacant and ready for a new tenant or a fantastic owner occupied space. The right unit is on a lease with a reliable tenant and updated kitchen. Owner pays water and sewer. Very Good Condition

Key facts

• Walkout basements
• Oversized back deck
• 6,969 sq ft lot

Tags

• NEWER ASPHALT SHINGLE ROOF
• WALKOUT BASEMENTS
• LARGE OFF-STREET PARKING AREA
• EXPANSIVE FENCED-IN BACKYARD
• OVERSIZED BACK DECK

Property features AI

Finance

• Financial info: Two-unit property where tenants pay electricity and gas

Exterior

• Parking: Driveway parking for up to 6 vehicles
• Utilities: 150 amp electric service; Public water; Public sewer
• Home design: Duplex; Vinyl siding exterior
• Construction: Asphalt roof
• Exterior features: Deck; Back yard fencing; Shed(s)

Interior

• Bedrooms: Two 2-bedroom units (each unit has 2 bedrooms)
• Bathrooms: Two full bathrooms (both located on the second level)
• Heating & cooling: Baseboard heating; Electric heating available; Natural gas heating available
• Interior features: Full unfinished walk-out basement
• Laundry & utility: Laundry in basement

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1.0-bath units multifamily listed at $275k.

Deal economics

• At list price, monthly cash flow is $307 ($4k/yr) — positive. Per door: $154/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $275k).

Location & tenants

• Location reads 77/100 on livability (#186 in NY, #2,863 nationally) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, crime A; Watch: amenities D, commute F.
• Schuylerville Central School District (rural): math 58% / reading 64% proficiency, ranked #201 of 590 in NY (top 34%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 19% free/reduced lunch — higher-income household profile.
• Zoned schools: Schuylerville Elementary School (math 60% / reading 66%, grade B, #669 of 2,108 statewide, top 32%, 597 students, 36% FRL); Schuylerville High School (math 92% / reading 70%, grade A, #495 of 1,100 statewide, top 46%, 482 students, 29% FRL).
• Market conditions: 32 active listings in the ZIP; 1,132 units permitted in Saratoga County in 2024 (378 in 5+ unit buildings).

Forward outlook

• In year one you build about $29k of equity ($2k loan paydown + $28k appreciation (10.0% local appreciation)).
• Saratoga County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $77k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$47k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 27y 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 $190k; 45% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $275,000

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 1973 — 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. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 1.11% ✓
• Cap rate: 7.63%
• Cash-on-cash: 4.79%
• DSCR: 1.21
• GRM: 7.5

CMA / ARV

• ARV (on-the-fly): $247,680
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
55 Church St	0.24mi	5/2.0 (+1)	2,019 (+5%)	14mo	$260,000	$129	64

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: 27.8%
• Equity multiple: 3.20×
• Total profit: $169,514
• Equity at exit: $247,742

10-year hold

• IRR: 24.2%
• Equity multiple: 7.29×
• Total profit: $484,147
• Equity at exit: $534,265

Cash invested: $77,000 (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 12871

• Home prices YoY: 4.0%
• Active inventory: 32
• Price-to-rent: 15.0×

Monthly cashflow live

• Estimated rent: $3,057 medium
• Mortgage (P&I): −$1,442
• Tax from tax record: −$551 /mo · $6,613/yr
• Insurance: −$115
• HOA: −$0
• Vacancy / Maint / Mgmt: −$642
• Net cashflow: $307

Break-even live

Break-even rent $2,668

Max offer price $275,000

Occupancy floor 85%

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

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$3,058
Total (2 units)			$3,057

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: $68,750
• Closing costs: $8,250
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-05-18
   listed $275,000 Active
2. 2021-10-07
   soldstatus $190,000
3. 2021-10-04
   soldstatus $190,000 Closed (Final Sale) 481-char remark

   Show marketing remark (481 chars)

   What a great opportunity to own an income producing duplex in the heart of beautiful Schuylerville! You'll love the large backyard, big bedrooms and walk out basement. Inside, the living rooms are spacious and light-filled, the bedrooms are large and each include closets. The left unit is vacant and ready for a new tenant or a fantastic owner occupied space. The right unit is on a lease with a reliable tenant and updated kitchen. Owner pays water and sewer. Very Good Condition

4. 2021-08-03
   status Pend (Under Cntr) 481-char remark

   Show marketing remark (481 chars)

   What a great opportunity to own an income producing duplex in the heart of beautiful Schuylerville! You'll love the large backyard, big bedrooms and walk out basement. Inside, the living rooms are spacious and light-filled, the bedrooms are large and each include closets. The left unit is vacant and ready for a new tenant or a fantastic owner occupied space. The right unit is on a lease with a reliable tenant and updated kitchen. Owner pays water and sewer. Very Good Condition

5. 2021-07-10
   price $195,000 481-char remark

   Show marketing remark (481 chars)

   What a great opportunity to own an income producing duplex in the heart of beautiful Schuylerville! You'll love the large backyard, big bedrooms and walk out basement. Inside, the living rooms are spacious and light-filled, the bedrooms are large and each include closets. The left unit is vacant and ready for a new tenant or a fantastic owner occupied space. The right unit is on a lease with a reliable tenant and updated kitchen. Owner pays water and sewer. Very Good Condition

6. 2021-06-29
   price $218,000 481-char remark

   Show marketing remark (481 chars)

   What a great opportunity to own an income producing duplex in the heart of beautiful Schuylerville! You'll love the large backyard, big bedrooms and walk out basement. Inside, the living rooms are spacious and light-filled, the bedrooms are large and each include closets. The left unit is vacant and ready for a new tenant or a fantastic owner occupied space. The right unit is on a lease with a reliable tenant and updated kitchen. Owner pays water and sewer. Very Good Condition

7. 2021-06-10
   price $225,000 481-char remark

   Show marketing remark (481 chars)

   What a great opportunity to own an income producing duplex in the heart of beautiful Schuylerville! You'll love the large backyard, big bedrooms and walk out basement. Inside, the living rooms are spacious and light-filled, the bedrooms are large and each include closets. The left unit is vacant and ready for a new tenant or a fantastic owner occupied space. The right unit is on a lease with a reliable tenant and updated kitchen. Owner pays water and sewer. Very Good Condition

8. 2021-05-23
   listed $239,000 New 481-char remark

   Show marketing remark (481 chars)

   What a great opportunity to own an income producing duplex in the heart of beautiful Schuylerville! You'll love the large backyard, big bedrooms and walk out basement. Inside, the living rooms are spacious and light-filled, the bedrooms are large and each include closets. The left unit is vacant and ready for a new tenant or a fantastic owner occupied space. The right unit is on a lease with a reliable tenant and updated kitchen. Owner pays water and sewer. Very Good Condition

9. 2021-05-11
   historical
10. 2021-05-04
    price $229,000
11. 2021-04-22
    listed $239,000 New
12. 2014-08-22
    soldstatus $85,000
13. 2001-09-05
    soldstatus $85,000
14. 2001-08-31
    soldstatus $85,000
15. 2001-01-20
    listed $88,981
16. 1999-05-26
    soldstatus $57,000
17. 1999-03-31
    historical
18. 1999-02-12
    listed $62,500
19. 1993-04-09
    soldstatus $91,000

ⓘ 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: $6,613 · $551/mo
• Projected year-2 tax: $6,613 · $551/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 · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥97°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 4% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $36,684
• − Mortgage interest: −$15,404
• − Property taxes: −$6,613
• − Insurance: −$1,375
• − Repairs & maintenance: −$2,935
• − Management: −$2,935
• − Depreciation: −$8,000
• Taxable loss: −$578
• Est. tax savings @ 24.0%: +$139
• After-tax cash flow: $3,825/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: Schuylerville Central School District
• NCES district ID: 3626160
• Math proficiency: 58% ▼ -8.00%
• Reading proficiency: 64% ▲ 6.00%
• Median HH income: $69,011
• Composite: 53.71/100
• National rank: #1423
• State rank: #201 of 590 in NY

Livability — Schuylerville

• Score: 77/100
• State rank: #186
• US rank: #2863

Category grades

Amenities D Commute F Cost of living B+ Crime A Employment B- Housing A+ Health & safety A+ User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Schuylerville, NY
• Population (ZIP): 3,997

Population outlook (Saratoga County) Hauer SSP2

• Today (2025): 238,889 people
• By 2030: 243,681 · +2.0%
• By 2040: 249,118 · +4.3%
• By 2050: 248,638 · +4.1%
• By 2075: 241,675 · +1.2%
• By 2100: 213,150 · -10.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Hispanic / Latino 5% Two or more races 3%
• Common ancestry: Romanian 9% Lithuanian 9% Slovak 4%
• Foreign-born: 4% · Canada
• Languages at home: 95% English-only · Spanish 4%

Political lean MEDSL · Saratoga

• 2024 margin: Toss-up / Even · D 50.9% · R 49.1%
• 2008→2024 swing: -1.6pp toward R · 2008: 3.4pp · 2024: 1.8pp
• All cycles: 2024: D+1.8 2020: D+5.4 2016: R+4.4 2012: D+2.1 2008: D+3.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 12.21%
• Current HPI: 320.1965
• 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

+202.2% since first listed

19 events — show timeline

• 2026-05-18 Listed $275,000 Global MLS
• 2021-10-07 Sold (Public Records) $190,000 Public Records
• 2021-10-04 Sold (MLS) $190,000 Global MLS
• 2021-08-03 Pending — Global MLS
• 2021-07-10 Price Changed $195,000 Global MLS
• 2021-06-29 Price Changed $218,000 Global MLS
• 2021-06-10 Price Changed $225,000 Global MLS
• 2021-05-23 Listed $239,000 Global MLS
• 2021-05-11 Listing Removed — Global MLS
• 2021-05-04 Price Changed $229,000 Global MLS
• 2021-04-22 Listed $239,000 Global MLS
• 2014-08-22 Sold (Public Records) $85,000 Public Records
• 2001-09-05 Sold (Public Records) $85,000 Public Records
• 2001-08-31 Sold (MLS) $85,000 Global MLS
• 2001-01-20 Listed $88,981 Global MLS
• 1999-05-26 Sold (MLS) $57,000 Global MLS
• 1999-03-31 Listing Removed — Global MLS
• 1999-02-12 Listed $62,500 Global MLS
• 1993-04-09 Sold (Public Records) $91,000 Public Records

Property tax history

+16.8%/yr

Latest (2025): $6,613 · +77.8% YoY. Source: county tax records.