$1,695,000

1011 Union Street, Schenectady, NY 12308

  • 19 beds |
  • 16 baths |
  • 10,809 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1984
  • Property Lot Size Icon8,276sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $157/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Prime 16-Unit Brick Investment Near Union College. Solid all-brick 16-unit multifamily generating $17,480/month in gross rents with a gross annual scheduled rent roll of $209,760. 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.

Listing Status:
Pending
Date Added:
February 3, 2026
Data Last Updated:
April 2, 2026 at 10:37PM
Listing Office:
Carr Real Estate Group, LLC : 518-488-2434
Listing Agent:
Richard Carr : 518-488-2434
MLS ID:
202611444
  • General: Walk-In Closet(s)Ceramic Tile BathBuilt-in Features
  • Basement: UnfinishedWalk-Out AccessFullExterior EntryHeatedInterior Entry
  • Flooring: Ceramic TileHardwoodTileVinyl
  • A/C: Window Unit(s)
  • Heating: ZonedElectricBaseboardForced Air
  • General: None
  • Style: Apartment 4 Plus UnitLow Rise
  • Other Structures: None
  • Parking: Parking spaces: 18
  • Roofing: Rubber
  • General: BrickConcrete Perimeter
  • Originating MLS: Global MLS
  • School District: Schenectady
  • County: Schenectady
  • Zoning: Multi Residence421500 39.75-1-23
  • Utilities: Cable Connected200+ Amp Service220 VoltsCircuit BreakersSingle Phase
  • Water: Public
  • Sewer: Public Sewer
  • Source: Global MLS

This listing courtesy of Richard Carr , Carr Real Estate Group, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

D

Dr. Martin Luther King Jr. Elementary School

918 Stanley St, Schenectady, NY, 12307

Grades PK-5

0.89 miles away

O

Oneida Middle School

1629 Oneida St, Schenectady, NY, 12308

Grades 6-8

0.76 miles away

S

Schenectady High School

1445 the Plz, Schenectady, NY, 12308

Grades 9-12

0.77 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.