Schenectady, NY 12309 (MLS # 202613212)

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.

Last Updated	3/12/2026	Year Built	1996
County	Schenectady

SCHOOLS

High School	Schenectady

Additional Details

AIR	Central Air, None, Other
BASEMENT	Finished, Full, Yes
CONSTRUCTION	Wood Siding
EXTERIOR	Other
HEAT	Baseboard, Electric, Forced Air, Natural Gas
LOT	10454 sq ft
LOT DIMENSIONS	0.24
PARKING	Off Street, Paved, Driveway
SEWER	Public Sewer
STYLE	Apartment 4 Plus Unit
TAXES	11969.78
UTILITIES	Sewer Connected
WATER	Public

 

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