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. Pro forma available upon request.
Property Type(s):
Multi Family
|
Last Updated
|
9/2/2026
|
Year Built
|
1950
|
|
County
|
Schenectady
|
SCHOOLS
Additional Details
| AIR |
None |
| BASEMENT |
Full, Unfinished, Yes |
| CONSTRUCTION |
Brick |
| EXTERIOR |
None |
| HEAT |
Electric |
| LOT |
7841 sq ft |
| LOT DESCRIPTION |
Waterfront |
| LOT DIMENSIONS |
0.18 |
| SEWER |
Public Sewer |
| STYLE |
Apartment 4 Plus Unit |
| TAXES |
15721.98 |
| UTILITIES |
Sewer Connected |
| WATER |
Public |
| WATER ACCESS |
Erie Canal |
| WATERFRONT |
Yes |
| WATERFRONT DESCRIPTION |
Waterfront |
Location
This listing courtesy of Carrow Real Estate Services LLC
Listing information is deemed reliable, but not guaranteed.
This IDX solution is (c) Diverse Solutions 2026.
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