$350,000

1405 State Street, Schenectady, NY 12304

  • 6 beds |
  • 4 baths |
  • 3,136 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1984
  • Property Lot Size Icon3,485sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $112/sqft
  • Property List Date Icon Listed 1 month ago

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:
April 2, 2026 at 4:40PM
Listing Office:
Miranda Real Estate Group Inc : 518-356-1701
Listing Agent:
Christine M Serafini : 518-514-8830
MLS ID:
202612235
  • Basement: Full
  • Flooring: LaminateCeramic TileHardwood
  • A/C: None
  • Heating: Forced AirHot Water
  • General: Other
  • Style: Other
  • Roofing: Slate
  • General: Vinyl Siding
  • Originating MLS: Global MLS
  • School District: Schenectady
  • County: Schenectady
  • Zoning: 421500 49.60-3-45
  • Water: Public
  • Sewer: Public Sewer
  • Source: Global MLS

This listing courtesy of Christine M Serafini , Miranda Real Estate Group Inc

Monthly Payment

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

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Location

Schools Nearby

L

Lincoln Elementary Community School

2 Robinson St, Schenectady, NY, 12304

Grades PK-5

0.08 miles away

C

Central Park Middle School

421 Elm St, Schenectady, NY, 12304

Grades 6-8

0.45 miles away

S

Schenectady High School

1445 the Plz, Schenectady, NY, 12308

Grades 9-12

1.41 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.