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Schenectady 12306
879 Thompson Street
$136,000
● House - Off Market

879 Thompson Street

Schenectady, NY 12306
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,254 Ft²
$956
Est. Monthly
47.60%
Cap Rate

About This Property

This property is ready for a buyer with vision! Perfect for investors, flippers, or anyone looking to bring a home back to life. Looking for those who aren't afraid of a renovation. With solid potential and a great location, it's ideal for cash buyers looking for their next project. Garage with Loft.

If you've been searching for your next project, this is the one. Don't miss your chance to transform this property into its next chapter!
Unit Size
1,254 Ft²
Days on Market
52 days
Land Size
0.13 acres
Price per sqft
$96
Property Type
House
Property Taxes
$367
HOA Dues
-
Year Built
1939

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 2 years ago (Global MLS #202524519)

Price History

Date / Event Date Event Price
Oct 16, 2025 Sold
Premium
Sold
Aug 31, 2025 In contract -
In contract
Aug 25, 2025 Listed by Howard Hanna Capital Inc $120,000
Listed by Howard Hanna Capital Inc
Jan 25, 2006 Sold
Premium
Sold
Dec 21, 2005 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1939
  • Effective Year Built: 1939
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 240
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,868
  • Lot Size Depth Feet: 1,630
  • Lot Size Frontage Feet: 360
  • Total Building Area: 1,254
  • Building Area: 1,254
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,254
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000134
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: 2 WD & BLK GAR

Neighborhood

  • School District Name: Schenectady City School District
  • School Tax School District: SCHENECTADY
  • Census Tract: 033200

Zoning

  • Zoning: 03 - MULTI

Geography

  • District: 421500
  • Section: 48.68
  • Parcel: 421500 48.68-1-31
  • Block: 1
  • Lot: 31.000
  • Municipality: SCHENECTADY
  • Latitude: 42.7941
  • Longitude: -73.9653

    Address

  • Full Address: 879 Thompson St
  • Address - House Number: 879
  • Address - Street Name: Thompson
  • Address - Suffix Type: St
  • State: NY
  • City Name: Schenectady
  • Carrier Code: C019
  • 4-Digit Zip Code: 4024
  • Zip Code: 12306

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $368,909
  • Tax Rate Code Area: 421500

    Appraisal Valuation

  • Standard Deviation: 0.2347
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 67
  • Final Value: 179,546
  • High Value: 221,692
  • Low Value: 137,400

    Market Valuation

  • Market Total Value: $108,101
  • Market Land Value: $16,202
  • Market Improvement Value: $91,899

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $85,400
  • Assessed Land Value: $12,800
  • Assessed Improvements Value: $72,600

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 21, 2005
  • Current Sale Recording Date: Jan 25, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Schenectady

Stats & Trends

Median Asking:

$259,900

Sale Price/ft²

$155

Below Asking

0.02%

Average Days on Market

71

Average Home Size

1980 ft²

Average Home Age

92.8 years

Currently For Sale

158 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 122 N Ferry Street, Schenectady, NY, 12305

$2,150 /mo

  • 3 Beds
  • 1 Bath
122 N Ferry Street #1, Schenectady, NY, 12305 Listing by Renee Farley
Unit for rent at 418 3rd Street, Schenectady, NY, 12306

$2,000 /mo

  • 3 Beds
  • 1 Bath
  • 1,000 ft²
418 3rd Street #2FL, Schenectady, NY, 12306 Listing by Moonrani G Gumani

Rentals Near You

Click here to view more rentals in the neighborhood.
Global MLS

Listed by: Heidi Rotter
Howard Hanna Capital Inc
Last Updated: 2 years ago
Data Source: Global MLS , MLS# 202524519
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 879 Thompson Street built and last sold?
The property at 879 Thompson Street was built in 1939 and last sold on Dec 21, 2005 for $85,000.
How much is this home worth?
The estimated value of the home located at 879 Thompson Street is $125,842.
What are some comparable homes to 879 Thompson Street?
There are currently no comparable homes to 879 Thompson Street.
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