Schenectady, NY 12307,553 Mumford Street
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Schenectady, NY 12307,553 Mumford Street
Schenectady, NY 12307,553 Mumford Street
Schenectady, NY 12307,553 Mumford Street
Schenectady, NY 12307,553 Mumford Street
Listed by John O'Neill-Knasick • eXp Realty
Bought with non-member non member • NON MLS OFFICE

$230,000

Est. payment /mo

$230,000

Est.Price: ?

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553 Mumford Street Schenectady, NY 12307

6 Beds

2 Baths

2,200 SqFt

SOLD DATE : 05/13/2025

Key Details

Sold Price $230,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,200 sqft

Price per Sqft $104

MLS Listing ID 202424890

Sold Date 05/13/25

Bedrooms 6

Full Baths 2

HOA Y/N No

Year Built 1920

Annual Tax Amount $5,000

Lot Size 9,583 Sqft

Acres 0.22

Property Sub-Type Duplex

Source Global MLS

Property Description

Investment Opportunity in Schenectady, NY! This 2021-renovated duplex is perfect for both investors and those looking to owner-occupy. The upstairs unit is currently rented, generating $1,500 monthly, while the vacant downstairs unit can bring in $1,800 monthly. Together, the property can generate $3,300 per month or $39,600 annually in rental income, offering a solid 11% cap rate. With off-street parking, a large side lot, and a corner lot location, this property provides plenty of space and convenience for tenants. Located less than a mile from I-890 and only 1.5 miles from Rivers Casino, it's ideally situated near key amenities. Whether you're looking to grow your portfolio or live and earn, this opportunity offers excellent cash flow and long-term investment potential. Don't miss out!

Location

State NY

County Schenectady

Direction At the corner of Mumford and Strong Street.

Interior

Heating Forced Air, Natural Gas

Flooring Laminate

Exterior

Exterior Feature Other

Parking Features Off Street, Driveway

Roof Type Shingle

Building

Lot Description Level, Road Frontage, Corner Lot

Sewer Public Sewer

Water Public

Architectural Style Traditional

Schools

School District Schenectady

Others

Tax ID 421500 49.31-4-21.1

Special Listing Condition Standard

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