$254,900

227 Elm St Schenectady, NY 12304

Estimated payment $1,951/month

Total Views 17,015
4 Beds
2 Baths
2,375 Sq Ft
$107 Price per Sq Ft

Highlights

  • Traditional Architecture
  • Laundry Room
  • Tile Flooring
  • No HOA
  • Bathroom on Main Level
  • Baseboard Heating

About This Home

Turnkey two-unit investment opportunity in Schenectady's Central State Street neighborhood! This duplex offers nearly 2,400 sq ft of livable space with income potential for both new and seasoned investors — or the perfect setup for an owner-occupant looking to offset their mortgage with rental income. Each unit features 2 bedrooms and 1 full bath, a spacious living room ideal for comfortable everyday living, an eat-in kitchen with ample cabinet space, and a dedicated laundry room area for added convenience. The functional layouts make these units attractive to long-term tenants while remaining easy to manage. Additional highlights include off-street parking for two vehicles and a decent-sized backyard offering outdoor space for relaxation or tenant enjoyment — a valuable amenity in this market. The property was recently inspected with no major defects identified, providing added confidence and peace of mind. Whether you're looking to expand your portfolio, create a solid cash-flowing asset, or begin building equity through owner occupancy, this property presents flexibility and long-term upside in a steadily improving rental market. A smart addition to any portfolio — or a strategic first step into real estate investing.

Listing Agent

Lorenzo Murray

Hunt ERA License #10301215323 Listed on: 03/02/2026

Hunt ERA

Co-Listing Agent

Your Home Team at Hunt Real Estate ERA

Hunt ERA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,494

Year Built

  • Built in 1994

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 32x144
  • Level Lot
  • Cleared Lot

Home Design

  • Duplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Vinyl Siding
  • Asphalt

Interior Spaces

  • 2,375 Sq Ft Home
  • Paddle Fans
  • Laundry Room

Flooring

  • Carpet
  • Linoleum
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Bathroom on Main Level
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Schools

  • Schenectady High School

Utilities

  • No Cooling
  • Baseboard Heating
  • High Speed Internet

Community Details

  • No Home Owners Association
  • Association fees include sewer

Listing and Financial Details

  • The owner pays for water
  • Legal Lot and Block 29.000 / 2
  • Assessor Parcel Number 421500 49.52-2-29

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,494

Year Built

Built in 1994

Lot Details

4,792 Sq Ft Lot

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: Duplex
  • Zoning: Multi Residence
  • Year Built: 1994
  • Directions: State St to Elm St
  • Above Grade Finished Sq Ft: 2375.0
  • Architectural Style: Traditional
  • Financial Details General Taxes: 4805.0
  • General Taxes Description: Estimated
  • Financial Details School Taxes: 2689.0
  • School Taxes Description: Estimated
  • Lot Size Acres: 0.11
  • Lot Size: 32x144
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number of Refrigerators: 2
  • Unit Information Number Of Stoves: 2
  • Co List Office Mls Id: o32C
  • Co List Office Phone: 518-414-5830
  • Subdivision Name: Select One
  • Special Features: VirtualTour

Interior Features

  • Flooring: Carpet, Linoleum, Tile
  • Basement: Slab, None
  • Interior Amenities: High Speed Internet, Paddle Fan
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Living Area: 2375.0
  • Other Equipment: None
  • Bathroom Levels Full Bathroom 1: 1st
  • Bathroom Levels Full Bathroom 2: 2nd
  • Owner Pays: Water

Exterior Features

  • Exterior Features: None
  • Roof: Asphalt
  • Construction Type: Brick, Vinyl Siding
  • Fencing: None
  • Foundation Details: Slab
  • Other Structures: None
  • Waterfront: No

Garage/Parking

  • Parking Features: Off Street, Paved, Driveway
  • Attached Garage: No
  • Open Parking: Yes
  • Total Parking Spaces: 2.0

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Electric: Circuit Breakers
  • Heating: Baseboard
  • Laundry Features: Laundry Room
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Fee Information

  • Association Fee Includes: Sewer

Schools

  • Junior High Dist: Schenectady

Lot Info

  • Lot Features: Cleared, Level, Sloped
  • Parcel #: 421500 49.52-2-29
  • Lot Size Sq Ft: 4791.6

Rental Info

  • Tenant Pays: Gas, Internet, Cable TV, Electricity

Tax Info

  • Tax Annual Amount: 7494.0
  • Tax Block: 2
  • Tax Lot: 29.000

MLS Schools

  • HighSchool: Schenectady

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $7,338 $134,900 $20,200 $114,700
2023 $71 $134,900 $20,200 $114,700
2022 $6,974 $134,900 $20,200 $114,700
2021 $6,930 $134,900 $20,200 $114,700
2020 $6,814 $134,900 $20,200 $114,700
2019 $4,019 $134,900 $20,200 $114,700
2018 $6,881 $134,900 $20,200 $114,700
2017 $6,308 $134,900 $20,200 $114,700
2016 $7,067 $134,900 $20,200 $114,700
2015 -- $134,900 $20,200 $114,700
2014 -- $134,900 $20,200 $114,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/02/2026 03/02/26 For Sale $254,900 0.0% $107 / Sq Ft
02/25/2026 02/25/26 Pending -- -- --
02/14/2026 02/14/26 For Sale $254,900 -- $107 / Sq Ft
Source: Global MLS

About the Listing Agent

Lorenzo Murray

Hunt ERA

(518) 667-5972

Section Image

“Welcome home!” As a realtor, there is no better greeting. In fact, that’s what my team and I are all about - finding you that special place called “home” - a place where you can grow your family, entertain your friends, find peace and serenity. Whatever your personal definition of a home, from “hub” to “oasis”, we’ll help you find it. Because your home is one of the largest investments you will make in your lifetime, you need a true partner in your team of realtors, working with you and for

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Source: Global MLS

MLS Number: 202612021

Global MLS

APN: 049-052-0002-029-000-0000

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