1011 Union Street, Schenectady, NY 12308 (MLS # 202611447)

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 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, 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. There are 16 units with 19 total bedrooms and 51 total rooms. Additional financial details available upon request. See MLS Docs. 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	None
BASEMENT	Exterior Entry, Full, Interior Entry, Unfinished, Walk-Out Access, Yes
CONSTRUCTION	Brick
HEAT	Baseboard, Electric, Forced Air, Natural Gas, Zoned
INTERIOR	Built-in Features, High Speed Internet
LOT	8276 sq ft
LOT DESCRIPTION	Corner Lot, Level
LOT DIMENSIONS	54X149.5
PARKING	On Street
SEWER	Public Sewer
STORIES	3
STYLE	Commercial
TAXES	17349.04
UTILITIES	Sewer Connected
WATER	Public

Location

 

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