108 Elmer Avenue
About This Property
Charming, Large Colonial with Flexible Space in Schenectady. Welcome to this inviting 4-bedroom, 1.5-bath Colonial offering 1,837 sq ft of versatile living space. The front foyer welcomes you into a sunny living room with charming pocket doors that open to the formal dining room. Beyond the dining area sits a large bonus room-ideal for a fifth bedroom, family room, home office, or whatever your lifestyle needs. Freshly refinished hardwood floors flow throughout the first
level which includes a convenient half bath. New paint throughout the house! Head upstairs to find four roomy bedrooms and a full bathroom. The full walk-up attic and large basement offer plenty of storage plus room to expand. Step outside to the welcoming front sitting porch or BBQ on the back deck (durable Trex decking) overlooking the backyard. The property includes a one-car garage (as-is), and recent updates include the back roof over the study (2014), a brand-new garage roof (2025) new back deck (2021) and a new
high-efficiency furnace (2017). A large, comfortable, well-maintained Colonial home with smart layout and practical updates. Schedule your showing today!
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 30, 2025 | Sold | ||
| Sold | |||
| Nov 14, 2025 | In contract | - | |
| In contract | |||
| Oct 21, 2025 | Price Decreased |
$220,000
↓ $5K
(2.2%) | |
| Price Decreased | |||
| Oct 7, 2025 | In contract | - | |
| In contract | |||
| Oct 2, 2025 | Listed by Miranda Real Estate Group Inc | $225,000 | |
| Listed by Miranda Real Estate Group Inc | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017