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1306 Putnam Road
About This Property
One of the home's most charming surprises is found in the finished lower level: a BellSouth payphone that instantly sparks nostalgia and a full bar originally from the legendary Ground Round restaurant -- the perfect conversation pieces for hosting, game nights, or creating your own entertainment space with personality and history.
Outdoors, the property unfolds as a place to stretch out, breathe deeper, and settle in. Enjoy a 14-foot-deep, fully stocked pond and powered fountain, surrounded by open lawn and mature trees. The detached 1,300 sq ft heated and insulated garage offers incredible flexibility with a vehicle lift, making it ideal for car collectors, hobbyists, or home-based businesses.
A mix of heating sources (oil, propane, electric), forced hot air with central air, well, and septic provide year-round efficiency and peace of mind. With 4 bedrooms, 3 full baths, a half bath, two full kitchens, expansive gathering spaces, and room to stretch out both indoors and out, this is a property designed for comfort, creativity, and lifestyle.
1306 Putnam Road, Schenectady, NY -- a one-of-a-kind setting where memories are made, hobbies thrive, and every day feels a little bit like a retreat. Sq Ft according to the seller / builder plans.
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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 |
|---|---|---|---|
| Oct 2, 2026 | Price Decreased |
$749,900
↓ $20K
(2.6%) | |
| Price Decreased | |||
| Sep 12, 2026 | Price Decreased |
$770,000
↓ $10K
(1.3%) | |
| Price Decreased | |||
| Aug 13, 2026 | Price Decreased |
$779,900
↓ $10K
(1.3%) | |
| Price Decreased | |||
| Jul 22, 2026 | Price Decreased |
$789,900
↓ $10K
(1.3%) | |
| Price Decreased | |||
| Jun 4, 2026 | Listed by Howard Hanna Capital Inc | $799,900 | |
| Listed by Howard Hanna Capital Inc | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017