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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

$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

$575,000
4 Baths 202610875 MLS
Incredibly versatile beautifully maintained turnkey restaurant. Over 4300 of space on the main level could be divided into multiple spaces and or other businesses, with separate entrances. Currently a fully functioning restaurant, with full bar, cafe seating, a private dining room, and approx. 1200 sq ft that could be additional dining currently or a completely different business. There is also a residential apartment upstairs originally set up to be a 2 BR owners unit or additional offices about 600 Sq ft. The full basement offers offices, a full bath, walk in coolers/freezers, and tons of dry good storage. You couldn't rent this space for what you could own it for, excellent investment opportunity. Just 1/2 mile from Ellis Hospital, 1.5 miles to Rivers and Union College, and 2 miles to Proctors. Sale includes all FFE excepting some personal effects.

2015 Rosa Road

$655,000
202510487 MLS
Discover a prime investment opportunity in vibrant downtown Schenectady with this two-story mixed-use commercial building for sale. This property features two commercial storefronts: (1) turn-key deli/rest. (approx. 3,300 sq. ft.) equipped with upgraded mechanicals, and a successful salon.The second floor boasts two rental apartments, including a spacious 1,000 sq. ft. two-bedroom unit(rented for $1,400/month) and a beautifully renovated 3-bedroom apartment (3,000 sq. ft.) currently marketed for rent at $2,200/month. This turnkey building includes new HVAC, central air, and updated electric, making it a fantastic investment with endless possibilities. Sale includes real estate, furniture, and fixtures. Public and metered parking available.

140 Clinton Street

$274,900
202428745 MLS
COMBINE WITH 1130 CONGRESS (SINGLE FAMILY HOME) FOR $374,900. Exceptional opportunity Schenectady's Mount Pleasant neighborhood! This 6,500 plus sq. ft. church sits on a large lot with ample parking, offering versatile possibilities. Features include a spacious hall with a stage, balcony, and full industrial kitchen—perfect for events, community gatherings, or culinary ventures. An underground bowling alley adds unique potential for creative uses. Zoned in a multifamily district, this property could be an ideal candidate for redevelopment as apartments, artist studios, a community center, an entertainment venue, or a continued place of worship. Don't miss this rare chance to bring a visionary project to life in a historic neighborhood!

1140 Congress Street, Schenectady

$95,000
202428288 MLS
This City of Schenectady Owned commercial space is perfect for a wide range of businesses. Situated in a high-visibility location with ample foot traffic, the space offers open floor plan, large storefront windows, and flexible layout options to accommodate your vision. With generous square footage, this versatile layout is ideal for retail, office, studio, or specialty services. The property provides convenient on-site parking as well as easy street access, Located in a prime area close to local dining, shopping, and public transport, this space offers everything needed to support a thriving business. THIS PROPERTY DOES NOT HAVE AN ESTIMATE FOR ADDITIONAL RESERVES. BUYERS MUST PROVIDE A PROPOSAL FOR THEIR INTENDED USE. NO ACCESS TO SECOND FLOOR

824 Broadway, Schenectady

$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

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