4 River Street
Schenectady, NY 12305
12
Bed
7
Bath
5,829Sqft
0.18Acre(Lot)
Well-Maintained 6-Unit Multifamily Investment Opportunity -- $750,000 Fully rented and turnkey, this 6-unit multifamily property offers a stable, income-producing asset with room to grow. Each unit is separately metered with individual electric heat and its own hot water tank, keeping utility costs cleanly divided between tenants. The property also features ample on-site parking for residents, and is located +/- 250 feet from the ALCO Heritage Trail bike path. Currently generating an approximate 6% cap rate, the property presents a clear path to an estimated 8% cap rate through market-rate rent adjustments -- offering investors meaningful upside in both cash flow and long-term value. A well-maintained, fully occupied property with strong fundamentals and clear growth potential. Pr
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 12Bathroom Information
Total Baths: 7 Full Baths: 6 Half Baths: 1Room Information
Has Basement: Yes Basement: Full, Unfinished -
Heating & Cooling
Has Heating: Yes Heating: Electric Cooling: None Water front: 1
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Building Information
Year Built: 1950 Construction Materials: Brick Private Pool: No Water front Features: Waterfront -
Exterior Features
Exterior Features: None
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Lot Information
Main Square Feet: 0.18 Acres Lot Size Acres: 0.18 Lot Size Square Feet: 7840.8 Lot Description: Waterfront
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Listing Price Information
Listing Price: $750000
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Tax Information
Parcel Number: 421500 39.56-2-11.1 Tax Lot: 11.001 Tax Block: 2 Annual Tax: $15721.98
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School Information
Elementary School:Junior High School:Senior High School: Schenectady -
Utility Information
Sewer Connected -
Location Information
Direction: Take a left off of Front St. WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 701 South Avenue, Schenectady, NY, 12305 | $269,000 | 8 | 2 | 2,322 | 0.06 Acre |
| 714 Union Street, Schenectady, NY, 12305 | $495,000 | 6 | 5 | 2,932 | 0.09 Acre |
| 13 John Street, Schenectady, NY, 12305 | $275,000 | 4 | 2 | 2,240 | 0.07 Acre |
| 6 N College Street, Schenectady, NY, 12305 | $335,000 | 6 | 3 | 2,600 | 0.11 Acre |
| 145 Front Street, Schenectady, NY, 12305 | $550,000 | -- | -- | 2,844 | 0.10 Acre |
| 229 Green Street, Schenectady, NY, 12305 | $269,000 | 4 | 3 | 2,353 | 0.09 Acre |
| 134 Front Street, Schenectady, NY, 12305 | $334,000 | 4 | 4 | 2,186 | 0.11 Acre |
| 5 Ingersoll Avenue, Schenectady, NY, 12305 | $289,900 | 6 | 2 | 2,422 | 0.08 Acre |
| 13 Ingersoll Avenue, Schenectady, NY, 12305 | $284,900 | 5 | 2 | 2,078 | 0.08 Acre |
Similar Multifamily To 4 River Street
Nearby For Sale
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ByOwner last updated this listing 09/06/2026 @ 03:38
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