Pending

1502 Union Street

Schenectady, NY 12309

$995,000 $4,194/Mo

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Overview

Bed

Bath

5,077

Sqft

0.24

Acre(Lot)

Description

Exceptional investment opportunity in Schenectady's highly desirable Upper Union Street corridor! This stately mansion-style 10-unit apartment building offers strong income potential and positive cash flow and tenants pay their own heat and electric. The property features nine 1-bedroom apartments and one spacious 3-bedroom, 2-bath unit with central air, providing a great mix of rental options with one furnished turn-key unit. This beautiful building showcases classic character throughout, including original moldings, hardwood floors, beamed ceilings, stained glass, and a grand foyer, while offering modern updates that tenants appreciate. Many units feature granite countertops, updated kitchen cabinetry, and ceramic tile baths, and all apartments are filled with natural light and timeless architectural charm. Major improvements include updated mechanicals, separate electric meters, and a newer roof, making this a solid addition to any investment portfolio. The property also offers coin-operated laundry, a private paved parking lot with 10 off-street parking spaces, and a bus stop conveniently located nearby. With long-term tenants already in place, this property provides immediate income with room for continued growth. Offered together with the neighboring 5-unit building at 920 McClellan Street, creating a 15-unit portfolio opportunity with strong cash flow potential. Financials available upon request.

Property Details

Property Type : Residential Income

Price : $995,000

AD Id : 76102395

MLS Id : 202613212

Beds : 12

Lot Size : 0.24 Acre

Living Area Size : 5,077

Year Built : 1996

County : Schenectady

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 12

Bathroom Information

Total Baths: 11 Full Baths: 11

Room Information

Has Basement: Yes Basement: Finished, Full
Flooring Information

Carpet, Ceramic Tile, Hardwood
Roofing Information

Asphalt
Interior Features

Roof: Asphalt
Heating & Cooling

Has Heating: Yes Heating: Baseboard, Electric, Forced Air, Natural Gas Cooling: Central Air, None, Other

Building Information

Year Built: 1996 Construction Materials: Wood Siding Patio And Porch Features: Wrap Around Private Pool: No
Exterior Features

Exterior Features: Other

Lot Information

Main Square Feet: 0.24 Acres Lot Size Acres: 0.24 Lot Size Square Feet: 10454.4

Listing Price Information

Listing Price: $995000

Tax Information

Parcel Number: 421500 50.21-3-10 Tax Lot: 10.000 Tax Block: 3 Annual Tax: $11969.78

Virtual Tour

Virtual Tour (External Link)

Parking Information

Parking Total: 10 Off Street, Paved, Driveway

School Information

Elementary School:

Junior High School:

Senior High School: Schenectady
Utility Information

Sewer Connected
Location Information

Direction: Corner of McClellan St and Union St. WaterSource: Public Security Features: Smoke Detector(s), Carbon Monoxide Detector(s)

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ByOwner last updated this listing 06/09/2026 @ 23:18

MLS: 202613212 LISTED BY: Christine Serafini, Miranda Real Estate Group Inc 518-356-1701 SOURCE: Global MLS