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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 1 day ago
$ 348,900
ROI
22.9
Cash Flow/m
308- 3 Bed
- 2 Bath
- 1645 sft
503 Grayson Place, Schenectady, NY, 12302
$ 183,400
ROI
22.1Cash Flow/m
120- 1 Bed
- 1 Bath
- 705 sft
137 Front Street APT 203, Schenectady, NY, 12305
$ 264,900
ROI
24.4Cash Flow/m
344- 2 Bed
- 2 Bath
- 1347 sft
2000 Curry Road #25, Schenectady, NY, 12303
$ 189,900
ROI
29.6Cash Flow/m
518- 1 Bed
- 1 Bath
- 709 sft
137 Front Street APT 208, Schenectady, NY, 12305
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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