$1,600,000
Schenectady, NY 12308
MLS# 202621204
9 beds
1 / 51
Property Description
Exceptional opportunity to acquire two fully occupied five-unit apartment buildings offered together as a 10-unit investment portfolio. This turnkey package features a diverse unit mix, strong rental history, and over $220,000 in capital improvements since 2022, including renovated apartments, updated kitchens and baths, refinished hardwood and luxury vinyl flooring, plumbing and mechanical upgrades, exterior painting, and more. Tenants pay their own utilities. Both properties offer off-street parking, with garages at 1114 Union St. Ideally located near Union College, Ellis Hospital, downtown Schenectady, shopping, dining, and major highways. Financials available upon request.
Details
Maps
Contract Information
Status: Active
Property Sub Type: Multi Family
Original List Price: 1700000
List Price: $1,600,000
Current Price: $1,600,000
Listing Contract Date: 2026-07-07
List Price/SqFt: 161.53
Location
Street Number: 1114
Street Name: Union
Street Suffix: Street
County: Schenectady
State/Province: NY
Postal Code: 12308
City/Town (Mail): Schenectady
Cross Street: Wendell Ave
Geo Lat: 42.811905
Geo Lon: -73.924967
Property Detail
Number Of Units Total: 10
Rooms Total: 1
Bedrooms Total: 9
Bathrooms Full: 6
Year Built: 1985
Garage Spaces: 5
Above Grade Finished Area: 9905
Above Grade Finished Area Source: CRS
Below Grade Finished Area: 4000
Below Grade Finished Area Source: See Remarks
Living Area: 9905
Zoning: Multi Residence
Lot Size Acres: 0.43
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Survey Y/N: Yes
Parking Y/N: Yes
Bath Levels
Full Bath 1: 1st
Full Bath 2: 1st
Full Bath 3: 2nd
Full Bath 4: 2nd
Full Bath 5: 3rd
Full Bath 6: 3rd
Photos - the contractual owner of the photos
Photo Owner: Combination Ownership
Income And Expenses
Total Income: 189400
Net Operating Income: 131525
Parking Features
Parking Total: 10
Separate Utilities
Number Of Separate Electric Meters: 11
Number Of Separate Gas Meters: 11
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 1
Total Rooms MF Unit 1: 5
Total Bedrooms MF Unit 1: 2
Total Full Baths MF Unit 1: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 2
Total Rooms MF Unit 2: 6
Total Bedrooms MF Unit 2: 2
Total Full Baths MF Unit 2: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 2
Total Rooms MF Unit 3: 6
Total Bedrooms MF Unit 3: 2
Total Full Baths MF Unit 3: 1
Multi-Family Unit 4 Detail
Unit Location MF Unit 4: 3
Total Rooms MF Unit 4: 5
Total Bedrooms MF Unit 4: 1
Total Full Baths MF Unit 4: 1
Multi-Family Unit 5 Detail
Unit Location MF Unit 5: 3
Total Rooms MF Unit 5: 6
Total Bedrooms MF Unit 5: 2
Total Full Baths MF Unit 5: 2
Multi-Family Unit 6 Detail
Unit Location MF Unit 6: 2
Total Rooms MF Unit 6: 5
Total Bedrooms MF Unit 6: 1
Total Full Baths MF Unit 6: 1
Multi-Family Unit 7 Detail
Unit Location MF Unit 7: 1
Total Rooms MF Unit 7: 5
Total Bedrooms MF Unit 7: 1
Total Full Baths MF Unit 7: 1
Multi-Family Unit 8 Detail
Unit Location MF Unit 8: 2
Total Rooms MF Unit 8: 5
Total Bedrooms MF Unit 8: 1
Total Full Baths MF Unit 8: 1
Status Change Info
Status Change Date: 2026-07-07
Property Features
Architectural Style: Apartment 4 Plus Unit
Basement: Full; Unfinished
Construction Materials: Shingle Siding; Stucco; Wood Siding
Cooling: None
Exterior Features: Lighting
Flooring: Carpet; Hardwood; Laminate
Heating: Forced Air; Natural Gas
Other Structures: Garage(s)
Parking Features: Garage; Off Street; Paved
Possession: At Closing; Subject To Tenant Rights
Roof: Asphalt; Shingle
Separate Utilities: Electric; Gas; Heat
Sewer: Public Sewer
Showing Requirements: Call Listing Agent
Special Listing Conditions: Standard
Tenant Pays: Electricity; Gas; Heat
Water Source: Public
Listing Courtesy of Realty One Group Key
Listing Agent: Ryan Mortka
518-534-3714 | ryan@realtyonegroupkey.com
518-534-3714 | ryan@realtyonegroupkey.com
