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$1,250,000
202625867 MLS
Prime redevelopment opportunity in the heart of Downtown Schenectady, offered at $1,250,000. Located along the Erie Boulevard corridor, this approximately 23,000 SF, three-story commercial building presents a unique opportunity for redevelopment, adaptive reuse, or repositioning, with potential for a variety of commercial and mixed-use applications, including residential conversion. The property features approximately 7,500 SF floorplates, three levels of space, and convenient first-floor loading dock access. The building has been exceptionally well maintained and offers strong potential for investors, developers, and owner-users looking to capitalize on the continued revitalization of Downtown Schenectady. Situated in an area benefiting from recent and proposed development initiatives, including support through the City of Schenectady's Strategic Investment Plan and Downtown Revitalization Initiative.

180 Erie Boulevard

$899,900
3 Baths 202625381 MLS
Impressive mixed-use commercial property on a desirable corner lot at 671 Mariaville Road, Schenectady! This high-traffic location features four established retail tenants -- including a pool supply store, gun and ammo reseller, and fishing supply shop -- anchored by the Delgallo Pools and Wagon Train BBQ Restaurant, a regional favorite that draws steady customer traffic. Real estate only for sale. The property was extensively remodeled in 2004, with numerous updates throughout, including a complete roof replacement using 50-year rubber slate-style shingles for long-term durability and low maintenance. Zoned B-1, the property allows for a wide range of business and redevelopment opportunities. A stand-alone 16' x 20' office building offers flexible build-to-suit options for future tenants seeking a smaller, more manageable retail or professional space. Additional income is generated from a retail propane fill station, further enhancing cash flow. The second floor includes a well-kept one-bedroom apartment, adding residential rental income. With projected gross annual rents exceeding $130,000, this property provides strong, diversified income potential, long-term stability, and exceptional visibility in a growing commercial corridor! Businesses are excluded from the sale, the Gun Store, and the pool supply store are both negotiable.

671 Mariaville Road

$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

$2,000,000
202625203 MLS
1480 State Street | Turnkey Mixed-Use Retail Plaza - Fully Leased Investment Opportunity An exceptional opportunity to acquire a fully stabilized, income-producing mixed-use plaza in the heart of Schenectady's revitalized commercial corridor. All retail and residential units are fully leased, offering immediate, dependable cash flow and a diversified tenant mix. This property features 4 street-level retail spaces, 2 residential apartments, a 3,000± SF warehouse, and 2 garage bays with office space, all supported by 65 off-street parking spaces--a rarity in this high-traffic corridor. Located minutes from Downtown Schenectady, Union College, and major highway access, the plaza benefits from consistent visibility and steady consumer traffic. Extensive recent improvements--updated electrical, plumbing, HVAC systems, and an 8-year-old roof--provide investors with a low-maintenance, turnkey asset poised for long-term growth. The property also includes the option to purchase the on-site LAUNDROMAT business (available separately for $600,000), which is separately metered, features a dedicated 6' sewer main, and operates with modern, card-enabled equipment--further enhancing the site's overall income potential. The new, improved pricing reflects both the strength of the asset and the proven stability of its tenant mix, presenting an exceptional opportunity for investors seeking reliable returns, strong fundamentals, and continued upside in one of the Capital Region's most dynamic submarkets.

1480 State Street

$325,000
6 Beds 3 Baths 202623661 MLS
Solid 3-Unit Investment Property Near Union College! Great opportunity to own a solid three-unit property conveniently located within walking distance to Union College. This well-established multi-family offers spacious flats with generously sized rooms and a desirable mix of units: one 3-bedroom, one 2-bedroom, and one 1-bedroom apartment. Each unit features separate heat and electric and comes equipped with a stove and refrigerator. The 3-bedroom unit also includes a washer and dryer. Additional features include off-street parking, an enclosed rear porch, and a full basement. The first-floor unit is currently vacant and ready for immediate occupancy, making this a great option for an owner-occupant looking to offset their mortgage with rental income or an investor who wants the opportunity to establish a new tenant and rent. The second-floor tenant has been in place for approximately 3 years, while the 1-bedroom tenant has called this property home for an impressive 30 years, providing a strong history of tenant stability. With its spacious units, separate utilities, off-street parking, and excellent location near Union College, this is a terrific opportunity to add a solid three-family property to your investment portfolio or live in one unit while collecting rent from the other two.

1517 Van Vranken Avenue

$435,000
8 Beds 3 Baths 202623312 MLS
Turn-key three-family in Schenectady's desirable Upper Union Street area, just blocks from the GE Realty Plot, Union College, Ellis Hospital, and downtown. Set on a tree-lined boulevard, this 1890 home delivers 3,632 square feet across 12 rooms, 6 bedrooms, and 3 full baths, pairing period character with modern updates. Units showcase updated kitchens with stone countertops, tile backsplash, and stainless appliances, along with hardwood floors, crown molding, recessed lighting, and fully tiled baths with glass shower enclosures. Fully separated utilities include 3 electric meters and 3 gas meters, with tenants responsible for electricity, heat, and hot water. Natural gas heat, public water and sewer, vinyl siding, and a full unfinished basement with laundry. Walk-up attic offers expansion potential. Covered front porch, level lot with deep yard, detached 1-car garage, and driveway parking for 3. A strong portfolio addition or owner-occupied opportunity.

1109 Glenwood Boulevard

$399,900
8 Beds 4 Baths 202623114 MLS
Welcome to 730 Bailey Street, a completely renovated duplex offering the perfect opportunity for investors or owner-occupants. With 3,840 square feet, this turnkey property features 8 bedrooms and 4 full bathrooms across two spacious units. Both units are currently vacant, allowing the new owner to lease at today's market rents or move into one unit while generating income from the other. No detail was overlooked in this top-to-bottom renovation. Major improvements include new HVAC, plumbing, electrical, roof, siding, windows, flooring, stairs, interior doors, and a new electric hot water tank. Both units have been beautifully updated with modern kitchens featuring new cabinetry, along with four completely renovated bathrooms equipped with new vanities and mirrors. Each unit also includes washer and dryer hookups for added convenience. Each unit offers off-street parking, a highly desirable feature for tenants. With projected rents of approximately $2,200 per month per unit, this property offers an estimated $4,400 per month in gross rental income potential. Whether you're looking to build your investment portfolio or purchase a move-in-ready multifamily home, this fully renovated duplex offers the rare combination of modern upgrades, low-maintenance ownership, and excellent income potential. Schedule your private showing today!

730 Bailey Street

$249,900
202622263 MLS
Opportunity awaits at this mixed used Union Street property. Currently set up as a dentist office on the first floor and one apartment spanning the 2nd and 3rd floors. The dentist office features 3 treatment rooms, lobby, front desk, office, break room and two half bathrooms. The apartment is vacant and has 2 full bathrooms, one on the second floor and one on the 3rd floor and 4-5 bedrooms. The property has a garage and includes 8 off street parking spots. Great opportunity to convert into a two or three unit multi-family property and maximize its potential. Recent updates include two furnaces (2021) and two hot water heaters (2017 and 2019). Utilities are separate with two separate electric meters, and two gas meters. Central air on the first floor. Per the city of Schenectady, R-3 zoning and in the historic overlay district. 1984 is the effective year built. Property being sold as-is.

1006 Union Street

$300,000
6 Beds 4 Baths 202622115 MLS
Step up to the plate - this one is a home run! Just steps from the main entrance to Schenectady's beloved Central Park, this side-by-side townhouse-style two-family is batting a thousand with timeless character, thoughtful updates and unbeatable flexibility. Enjoy easy access to walking trails, tennis courts, the Rose Garden, playgrounds, concerts at Music Haven, the pool and everything else one of the Capital Region's favorite parks has to offer. Inside, you'll find beautifully preserved original woodwork and trim that knock it out of the park, blending historic craftsmanship with tasteful updates throughout. Each townhouse-style unit features its own screened back porch - the perfect place to kick back after a day at the park. Whether you're an investor looking to round the bases or a buyer hoping to score rental income while building equity, this property is a grand slam. One unit will be delivered vacant, giving you the flexibility to move right in or lease it at today's market rents. The lineup continues with an oversized one-car garage, abundant character and a location that's always in the big leagues. Just moments from Upper Union Street's restaurants, shopping, and neighborhood conveniences. Some opportunities are a swing and a miss. This isn't one of them.

730 Hampton Avenue

$495,000
4 Beds 4 Baths 202619684 MLS
Step into a truly one-of-a-kind home where timeless craftsmanship meets modern convenience. The recently remodeled kitchen is a true centerpiece, thoughtfully designed with high-end appliances, quality finishes, and a perfect blend of style and function for both everyday living and entertaining. This spacious home offers room for everyone with an impressive large rec room ideal for gatherings, a home gym, or whatever suits your needs. It also boasts a large finished attic space with a full bath. Unique, stunning woodwork throughout creates a warmth and character rarely found today, complemented by beautiful stained glass. A home office/business space provides incredible flexibility and could be transformed into a private apartment, in-law suite, guest quarters, a home business, or a creative studio. Additional updates include a newly paved driveway and two solar systems. Blending exceptional architectural details with modern upgrades, versatile living spaces, and remarkable craftsmanship, this rare property offers the perfect combination of historic charm, contemporary comfort, and endless possibilities.

1520 Union Street

$550,000
6 Beds 3 Baths 202616648 MLS
Welcome to the McDermott House: A Masterpiece of Queen Anne Craftsmanship Experience the pinnacle of Gilded Age elegance in the heart of the historic GE Realty Plot. The McDermott House stands as a testament to turn-of-the-century grandeur, greeting guests with a commanding front porch anchored by rare, composite Corinthian and Ionic columns and oversized hardwood double doors. Inside, the home unfolds across 3,500 square feet of meticulously preserved history. Soaring 10-foot ceilings and expertly refinished hardwoods guide you through a main level designed for hosting. The family room serves as a centerpiece, featuring a classic coffered ceiling and gas fireplace. Notably, the home retains its original textured wallpaper--a rare find in such exceptional condition--adding an authentic layer of soul to the interior. Original hardwood wainscoting, leaded glass cabinetry and wood burning fireplace completes the dining room The upper levels offer modern luxury without sacrificing historical integrity. The expansive primary suite features a newly renovated bath with radiant heat and a double vanity. Ascend to the third floor to find the home's crowning jewel: a massive skylight that bathes the mahogany staircase and upper landings in natural light. A true legacy property for the discerning collector.

1164 Wendell Avenue

$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

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