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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Schenectady, NY
Listed for sale 7 days ago
$ 239,900
ROI
23.5
Cash Flow/m
247- 2 Bed
- 2 Bath
- 1130 sft
1200 Hillside Avenue APT 702, Schenectady, NY, 12309
$ 245,000
ROI
25.3Cash Flow/m
376- 2 Bed
- 2 Bath
- 1265 sft
43 Morning Glory Way, Schenectady, NY, 12306
$ 224,900
ROI
21.5Cash Flow/m
108- 2 Bed
- 1 Bath
- 1136 sft
1102 Cambridge Manor Drive #2, Schenectady, NY, 12302
$ 345,000
ROI
20.1Cash Flow/m
29- 2 Bed
- 2 Bath
- 950 sft
2580 Edgewood Avenue, Schenectady, NY, 12306
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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