Pending

1011 Union Street

Schenectady, NY 12308

$1,590,000 $6,703/Mo

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Overview

Bed

Bath

10,809

Sqft

0.19

Acre(Lot)

Description

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 compe lling 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.

Property Details

Property Type : Residential Income

Price : $1,590,000

AD Id : 75015529

MLS Id : 202611444

Beds : 19

Lot Size : 0.19 Acre

Living Area Size : 10,809

Year Built : 1984

County : Schenectady

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 19

Bathroom Information

Total Baths: 16 Full Baths: 16

Room Information

Has Basement: Yes Basement: Exterior Entry, Full, Interior Entry, Unfinished, Walk-Out Access
Flooring Information

Vinyl, Tile, Ceramic Tile, Hardwood
Roofing Information

Rubber
Interior Features

Walk-In Closet(s), Built-in Features Roof: Rubber
Heating & Cooling

Has Heating: Yes Heating: Baseboard, Electric, Forced Air, Zoned, Natural Gas Has Cooling: Yes Cooling: Window Unit(s)

Building Information

Year Built: 1984 Construction Materials: Brick Private Pool: No
Exterior Features

Exterior Features: None

Lot Information

Lot Dimensions: 54X149.5 Main Square Feet: 0.19 Acres Lot Size Acres: 0.19 Lot Size Square Feet: 8276.4 Lot Description: Level, Landscaped, Corner Lot

Listing Price Information

Listing Price: $1590000 Original Price: $1695000

Tax Information

Parcel Number: 421500 39.75-1-23 Tax Lot: 23.000 Tax Block: 1 Annual Tax: $17514

Parking Information

Parking Total: 18 None, No Garage

School Information

Elementary School: Howe International Magnet

Junior High School:

Senior High School: Schenectady
Utility Information

Cable Connected, Sewer Connected
Location Information

Direction: Union St, east to Park Ave, Building on the left corner. WaterSource: Public Security Features: Fire Sprinkler System, Fire Escape, Security Lights, Smoke Detector(s), 24 Hour Security, Building Security, Carbon Monoxide Detector(s), Closed Circuit Camera(s), Fire Alarm

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
534 N Brandywine Avenue, Schenectady, NY, 12308	$409,000	6	2	2,332	2,332 SqFt
1060 Raymond Street, Schenectady, NY, 12308	$210,000	5	2	1,780	1,780 SqFt
123 Lomasney Avenue, Schenectady, NY, 12308	$284,900	4	2	1,820	1,820 SqFt
8 Lomasney Avenue, Schenectady, NY, 12308	$287,900	5	3	2,294	2,294 SqFt
944 Park Avenue, Schenectady, NY, 12308	$305,000	5	3	2,244	2,244 SqFt
1014 Union Street, Schenectady, NY, 12308	$299,900	8	2	3,288	3,288 SqFt
1063 University Place, Schenectady, NY, 12308	$324,999	8	3	3,290	3,290 SqFt
1521 Van Vranken Avenue, Schenectady, NY, 12308	$379,000	6	4	2,740	2,740 SqFt
103 Prospect Street, Schenectady, NY, 12308	$249,900	4	2	1,536	1,536 SqFt
603 Nott Street, Schenectady, NY, 12308	$374,900	5	4	2,176	2,176 SqFt

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ByOwner last updated this listing 06/11/2026 @ 02:48

MLS: 202611444 LISTED BY: Richard Carr, Carr Real Estate Group, LLC 518-488-2434 SOURCE: Global MLS