1011 Union Street, Schenectady, NY 12308 (MLS # 202611444)

Prime 16-Unit Brick Investment Near Union College. Solid all-brick 16-unit multifamily generating $17,480/month in gross rents with a gross annual scheduled rent roll of $209,760. 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 compelling 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.

Last Updated	2/3/2026	Year Built	1984
County	Schenectady

SCHOOLS

Elementary School	Howe International Magnet
High School	Schenectady

Additional Details

AIR	Window Unit(s)
AIR CONDITIONING	Yes
BASEMENT	Exterior Entry, Full, Interior Entry, Unfinished, Walk-Out Access, Yes
CONSTRUCTION	Brick
EXTERIOR	None
HEAT	Baseboard, Electric, Forced Air, Natural Gas, Zoned
INTERIOR	Built-in Features, Walk-In Closet(s)
LOT	8276 sq ft
LOT DESCRIPTION	Corner Lot, Landscaped, Level
LOT DIMENSIONS	54X149.5
PARKING	None, No Garage
SEWER	Public Sewer
STYLE	Apartment 4 Plus Unit, Low Rise
TAXES	17514
UTILITIES	Cable Connected, Sewer Connected
WATER	Public

Location

 

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