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574 Crane Street, Schenectady, NY, 12303

6beds
2baths
1,996sqft
$245,555
$123price/sqft
$2,098/moest. monthly cost
$83,920/yrincome needed

About This Home

This is a turnkey investment opportunity in the Schenectady county school district. Presents a strong cash flow with minimal maintenance required. Situated near the highway and downtown, it offers convenient access to a wide range of amenities. The location has potential for appreciation, making it a solid long term investment for savvy investor. New flooring and paint was updated less than two years ago. This property is being sold AS-IS.

Getting Around

55
WalkingSomewhat Walkable
41
TransitSome Transit
31
BikeSomewhat Bikeable

Schools

3/10
3/10
3/10
Schenectady High SchoolGrades 9-122.1 mi

Construction

Condition

  • Year built: 1900

Materials

  • Foundation: Concrete Perimeter,Slab
  • Roof: Asphalt
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Architectural style: Other
  • Property subType: Duplex,Multi Family

Interior

Appliances

  • Laundry features: None

Basement

  • Basement: None

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Ceramic Tile Bath
  • Flooring: Ceramic Tile
  • Finished area below ground: 0
  • Finished area above ground: 1,996

Heating & Cooling

  • Heating features: Baseboard
  • Cooling features: None

Interior Area

  • Total structure area: 1,996
  • Total interior livable area: 1,996 sqft

Property

Details

  • Parcel number: 421500 49.38122
  • Attached to another structure: Yes
  • Zoning description: Mixed
  • Special condition: Standard

Features

  • Patio & porch: Front Porch
  • Exterior features: None
  • Fencing: Other

Lot

  • Lot size: 6,098 sqft
  • Features: Road Frontage

Parking

  • Parking features: None

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningModerate

How This Home’s Risks Compare

Lightning

FEMA Declared Disasters in Schenectady County and New York

Flood
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,241$14,892
Home Insurance *$95$1,140
Property Taxes $433$5,196
Electricity $329$3,958
Total$2,098$25,176
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$71,931/yr
40% on housing$62,940/yr
45% on housing$55,946/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: -3.1%
-3.1%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -1.5%
-1.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$123This listing

vs Other Active Listings

Avg $/sqft

ZIP 12303$174
Schenectady County$189

vs Homes Sold Last Month

Median $/sqft

ZIP 12303$200
Schenectady County$188

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-05-13Price change$280,000
2026-03-17Listed for sale$290,000
2024-02-12Listing removed--
2023-12-12Price change$185,900
2023-10-05Listed for sale$170,000
2013-01-30Sold$7,000
2012-12-06Price change$7,900
2012-11-02Price change$14,900
2012-10-01Listed for sale$22,000
2012-09-14Sold$60,000
2012-08-24Listed for sale$32,000
2008-07-10Sold$100,000
2007-10-19Sold$29,000
2005-08-09Sold$85,000

For Sale by Agent

AgentShana Boodhoo
BrokerageThompson Real Estate Team

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