Condo Investment Properties for Sale in Schenectady, NY
Listed for sale 3 days ago
$ 319,900
ROI
23.3
Cash Flow/m
317- 2 Bed
- 2 Bath
- 1332 sft
2536 Edgewood Avenue, Schenectady, NY, 12306
$ 319,500
ROI
25.2Cash Flow/m
485- 3 Bed
- 2 Bath
- 1643 sft
2000 Curry # 31, Schenectady, NY, 12303
$ 322,500
ROI
24.9Cash Flow/m
460- 2 Bed
- 2 Bath
- 1724 sft
94 Annabelle Place, Schenectady, NY, 12306
$ 265,000
ROI
19.9Cash Flow/m
10- 2 Bed
- 1 Bath
- 1200 sft
502 Mallards Pond Lane, Schenectady, NY, 12303
Why Invest in Schenectady, New York?
Schenectady, NY offers strong potential for condo investors seeking stable rental income in a competitive market. With a multifamily cap rate around 7.8% in the Albany-Schenectady metro, condos provide attractive entry points with median prices near $235K for two-bedroom units. Renter-occupied housing supports steady cash flow, bolstered by 3-6% annual appreciation and low vacancy rates under 5%. Economic growth from major employers enhances long-term value for hands-off condo ownership.
8.2%
Avg. ROI
6.5%
Rental Yield
7.8%
Cap Rate
$450/mo
Avg. Cash Flow
$1450/mo
Avg. Rent
4.2%
1Y Appreciation
Frequently Asked Questions
Yes, condos offer solid cap rates around 7.8% and quick sales in 18-24 days. Low vacancy under 5% ensures reliable rental income. Appreciation of 3-6% adds long-term value.
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