$589,999
Schenectady, NY 12304
MLS# 202615153
Status: Pending
7 beds
1 / 34
Property Description
Rare opportunity to own a 6 unit building in Schenectady with a sizeable parking lot and 4 garages. Fully occupied producing a respectable $89,000 a year in gross rents and being offered at an 8.4% cap rate. This building has a mix of (2) 2BR apartments, (3) 1BR apartments, and (1) studio apartment. With (2) single car garages and (2) 2 car garages, this building has long term upside mixed with short term cashflow.
Details
Maps
Documents
Contract Information
Original List Price: 589999
List Price/SqFt: 124.32
Status: Pending
Property Sub Type: Multi Family
List Price: $589,999
Current Price: $589,999
Listing Contract Date: 2026-04-16
Location
City/Town (Mail): Schenectady
Street Number: 3290
Street Name: Balltown
Street Suffix: Road
County: Schenectady
State/Province: NY
Postal Code: 12304
Geo Lat: 42.779101
Geo Lon: -73.893947
Property Detail
Number Of Units Total: 6
Rooms Total: 18
Bathrooms Half: 0
Garage Spaces: 4
Above Grade Finished Area: 4746
Above Grade Finished Area Source: CRS
Parking Y/N: Yes
Below Grade Finished Area: 0
Below Grade Finished Area Source: CRS
Living Area: 4746
Lot Size Acres: 0.57
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Bedrooms Total: 7
Bathrooms Full: 6
Year Built: 1965
Status Change Info
Proposed Closing Date: 2026-05-29
Status Change Date: 2026-04-23
Under Contract Date: 2026-04-23
Parcel, Tax, HOA
Parcel Number: 421500 60.48-4-24
Tax Annual Amount: 8959.79
Tax Section: 60.48
Total Taxes Description: Actual
Tax Block: 4
Tax Lot: 24.000
School District: Schenectady
High School: Schenectady
Association Y/N: No
Directions & Remarks
Directions: Balltown rd to dewitt ave. Building sits on the corner
Public Remarks: Rare opportunity to own a 6 unit building in Schenectady with a sizeable parking lot and 4 garages. Fully occupied producing a respectable $89,000 a year in gross rents and being offered at an 8.4% cap rate. This building has a mix of (2) 2BR apartments, (3) 1BR apartments, and (1) studio apartment. With (2) single car garages and (2) 2 car garages, this building has long term upside mixed with short term cashflow.
Sewer
Public Sewer: 1
Architectural Style
Apartment 4 Plus Unit: 1
Financial Details
General Taxes: 4567.08
General Taxes Description: Actual
School Taxes: 4329.8
School Taxes Description: Actual
Basement
Full: 1
Bath Levels
Full Bath 1: 1st
Full Bath 2: 1st
Full Bath 3: 1st
Full Bath 4: 1st
Full Bath 5: 2nd
Full Bath 6: 2nd
Construction Materials
Brick: 1
Vinyl Siding: 1
Photos - the contractual owner of the photos
Photo Owner: Broker
Possession
At Closing: 1
Exterior Features
None: 1
Showing Requirements
24 Hour Notice: 1
Lockbox: 1
Sign on Property: 1
Special Listing Conditions
Standard: 1
Water Source
Public: 1
Heating
Hot Water: 1
Radiant: 1
Steam: 1
Income And Expenses
Rental Income: 89220
Rental Income Description: Estimated
Net Operating Income: 49735
Parking Features
Parking Total: 7
Paved: 1
Separate Utilities
Electric: 1
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 1
Total Rooms MF Unit 1: 3
Total Bedrooms MF Unit 1: 1
Total Full Baths MF Unit 1: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 1
Total Rooms 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: 4
Total Bedrooms MF Unit 3: 2
Total Full Baths MF Unit 3: 1
Multi-Family Unit 4 Detail
Unit Location MF Unit 4: 2
Total Rooms MF Unit 4: 4
Total Bedrooms MF Unit 4: 2
Total Full Baths MF Unit 4: 1
Multi-Family Unit 5 Detail
Unit Location MF Unit 5: 1
Total Rooms MF Unit 5: 3
Total Bedrooms MF Unit 5: 1
Total Full Baths MF Unit 5: 1
Multi-Family Unit 6 Detail
Unit Location MF Unit 6: 1
Total Rooms MF Unit 6: 3
Total Bedrooms MF Unit 6: 1
Total Full Baths MF Unit 6: 1
Property Features
Architectural Style: Apartment 4 Plus Unit
Basement: Full
Construction Materials: Brick; Vinyl Siding
Exterior Features: None
Heating: Hot Water; Radiant; Steam
Parking Features: Paved
Possession: At Closing
Separate Utilities: Electric
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice; Lockbox; Sign on Property
Special Listing Conditions: Standard
Water Source: Public
PCD 
Listing Courtesy of Tier One Real Estate Pros LLC
Listing Agent: Stephen M McCormick
518-698-6321 | theREIpros518@gmail.com
518-698-6321 | theREIpros518@gmail.com
