1405 State Street, Schenectady, NY 12304

• 6 beds |
• 4 baths |
• 3,136 sqft

Property Description

Fantastic investment opportunity! Investor owned for 20 years and now it is someone else's turn! This well-maintained 4-unit building offers strong positive cash flow in a prime location on the bus line. The property consists of two 1-bedroom apartments and two 2-bedroom apartments, with room to grow to market rents and increase your return. Each spacious unit features large rooms, eat-in kitchens, beautiful woodwork with classic columns and built-ins, hardwood floors, bay windows, and ceramic tile finishes. Tenants pay their own hot water and electric, while the owner provides heat, currently on a NIMO budget plan of just $298/month, keeping expenses predictable and manageable. Gas hot water radiators provide efficient heating. Additional highlights include a roof that is only 3 years old, vinyl siding, and separate utilities. Conveniently located near shopping, dining, and major routes, this property offers both solid income and long-term upside. A turnkey addition to any investor's portfolio with built-in value-add potential!

Listing Status:

Active

Date Added:

February 19, 2026

Data Last Updated:

May 20, 2026 at 5:37PM

Listing Office:

Miranda Real Estate Group Inc : 518-356-1701

Listing Agent:

Christine M Serafini : 518-514-8830

MLS ID:

202612235

Interior

• Basement: Full
• Flooring: LaminateCeramic TileHardwood
• A/C: None
• Heating: Forced AirHot Water

Exterior

• General: Other
• Style: Other

Construction

• Roofing: Slate
• General: Vinyl Siding

Location

• Originating MLS: Global MLS
• School District: Schenectady
• County: Schenectady

Lot

• Zoning: 421500 49.60-3-45

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: Global MLS