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$750,000
12 Beds 7 Baths 202625284 MLS
Well-Maintained 6-Unit Multifamily Investment Opportunity -- $750,000 Fully rented and turnkey, this 6-unit multifamily property offers a stable, income-producing asset with room to grow. Each unit is separately metered with individual electric heat and its own hot water tank, keeping utility costs cleanly divided between tenants. The property also features ample on-site parking for residents, and is located +/- 250 feet from the ALCO Heritage Trail bike path. Currently generating an approximate 6% cap rate, the property presents a clear path to an estimated 8% cap rate through market-rate rent adjustments -- offering investors meaningful upside in both cash flow and long-term value. A well-maintained, fully occupied property with strong fundamentals and clear growth potential. Pro forma available upon request.

4 River Street

$699,000
6 Beds 7 Baths 202622350 MLS
Seven-unit brick apartment building on Union Street in Schenectady, fully occupied. Built in 1984, three stories with a slate roof and central hot-water heat. The mix is six 1-bedroom apartments plus a studio (six bedrooms, seven full baths) across roughly 3,441 square feet. Heat, hot water, and trash are owner-provided; tenants pay their own electric and gas. A shared coin-operated laundry serves the building. Shared driveway access with adjacent dental office parking lot; recorded easement of record. Commonly known as 838 Union Street. Offered individually or within an eleven-building Schenectady portfolio. A strong unit count for an investor seeking scale. Available individually or as an 11-building, 29-unit portfolio. Portfolio MLS numbers: 202622254, 202622261, 202622290, 202622295, 202622297, 202622298, 202622340, 202622342, 202622344, 202622345, 202622350. Seven-unit brick apartment building on Union Street in Schenectady, fully occupied. Built in 1984, three stories with a slate roof and central hot-water heat. The mix is six 1-bedroom apartments plus a studio (six bedrooms, seven full baths) across roughly 3,441 square feet. Heat, hot water, and trash are owner-provided; tenants pay their own electric and gas. A shared coin-operated laundry serves the building. Shared driveway access with adjacent dental office parking lot; recorded easement of record. Seller is offering a roof credit at closing. Commonly known as 838 Union Street. Offered individually or within an eleven-building Schenectady portfolio. A strong unit count for an investor seeking scale.

838 1/2 Union Street

$1,590,000
16 Baths 202611447 MLS
Prime 16-Unit Brick Investment Near Union College. Solid all-brick 16-unit multifamily generating $17,780/month in gross rents with a gross annual scheduled rent roll of $213,360. The property features a full sprinkler system on all four levels in common areas, plus a new rubber roof installed in 2022, providing major capital-expense peace of mind. Ideally located within walking distance to Union College, downtown Schenectady, and public transportation, with a bus stop directly across the street, this asset sits squarely in the path of the city's ongoing revitalization. Most apartments feature hardwood floors, and the building is currently in good overall condition. At the asking price, the projected returns place the cap rate in the high-10% range, making this a compelling income play for both seasoned and first-time multifamily investors. Year built is approximate (CRS reflects 1984; believed inaccurate). Expense figures are estimated. There are 16 units with 19 total bedrooms and 51 total rooms. Additional financial details available upon request. See MLS Docs. Invest in Schenectady's resurgence; this is a cash-flowing opportunity you don't want to miss.

1011 Union Street

$1,590,000
19 Beds 16 Baths 202611444 MLS
Prime 16-Unit Brick Investment Near Union College. Solid all-brick 16-unit multifamily generating $17,780/month in gross rents with a gross annual scheduled rent roll of $213,360. The property features a full sprinkler system on all four levels in all common areas, plus a new rubber roof installed in 2022, providing major capital-expense peace of mind. Ideally located within walking distance to Union College, downtown Schenectady, and public transportation, with a bus stop directly across the street, this asset sits squarely in the path of the city's ongoing revitalization. Most apartments feature hardwood floors, tiled bathrooms and the building is currently in good overall condition. At the asking price, the projected returns place the cap rate in the high-10% range, making this a compelling income play for both seasoned and first-time multifamily investors. Year built is approximate (CRS reflects 1984; believed inaccurate). Expense figures are estimated. Additional financial details available upon request. Invest in Schenectady's resurgence; this is a cash-flowing opportunity you don't want to miss.

1011 Union Street

$675,000
18 Beds 12 Baths 202426141 MLS
Discover this highly profitable 12-unit apartment complex, featuring spacious six 2-bedroom units in front of the building and six 1-bedroom units in the back side of the building. With a solid track record of exceptional cash flow. With low vacancy rates and strong rental demand, this property has been a consistent income generator for the current owner. A portion of the roof was replaced a few years ago and a brand new steam radiator furnace have been installed within last a few years, ensuring added value and reduced maintenance costs. Perfect for investors seeking reliable returns, this is a prime rental property not to be missed! There are separate gas and electrical meters for all 12 units. Rents are low, can be increased. Perfect property to add to your portfolio.

1004 Ostrander Place

$475,000
7 Beds 6 Baths 202318872 MLS
Fantastic investment opportunity. Everything done for you. Building and all six units renovated in 2018 including Plumbing, Electrical, Windows/Doors, Lighting, Baths & Kitchens, Flooring. 6 new HW tanks, 4 new furnaces. Fully painted inside and out. New exterior railings, fire escapes / decks. Roof seal coated in 2018. Tenants pay own heat and hot water. Property and units in very good shape. Property sold with adjacent vacant lot. 10+ car parking in residential area walking distance to Union College, Mohawk River, Rivers Casino and everything ''New Schenectady'' has to offer. Financials in documents. One unit left vacant for showings — can be rented at closing! Management in place (keep or manage yourself). Don't miss this great opportunity!

1646 Carrie Street

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