$750,000
Schenectady, NY 12305
MLS# 202625284
12 beds
1 / 19
Property Description
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.
Details
Maps
Documents
Contract Information
Status: Active
Property Sub Type: Multi Family
Original List Price: 750000
List Price: $750,000
Current Price: $750,000
Listing Contract Date: 2026-09-02
List Price/SqFt: 128.67
Location
Street Number: 4
Street Name: River
Street Suffix: Street
County: Schenectady
State/Province: NY
Postal Code: 12305
City/Town (Mail): Schenectady
Geo Lat: 42.820411
Geo Lon: -73.941146
Property Detail
Number Of Units Total: 6
Rooms Total: 24
Bedrooms Total: 12
Bathrooms Full: 6
Bathrooms Half: 1
Year Built: 1950
Above Grade Finished Area: 5829
Above Grade Finished Area Source: CRS
Below Grade Finished Area Source: CRS
Living Area: 5829
Lot Size Acres: 0.18
Waterfront Y/N: Yes
Water Body Name: Erie Canal
Enhanced Accessible Y/N: No
Parking Y/N: No
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
Half Bath 1: 1st
Photos - the contractual owner of the photos
Photo Owner: Seller/Landlord
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: First
Monthly Rent MF Unit 1: 1100
Total Rooms MF Unit 1: 4
Total Bedrooms MF Unit 1: 2
Total Full Baths MF Unit 1: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: First
Monthly Rent MF Unit 2: 1050
Total Rooms MF Unit 2: 4
Total Bedrooms MF Unit 2: 2
Total Full Baths MF Unit 2: 1
Total Half Baths MF Unit 2: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: Second
Monthly Rent MF Unit 3: 1265
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: Second
Monthly Rent MF Unit 4: 1275
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: Third
Monthly Rent MF Unit 5: 1300
Total Rooms MF Unit 5: 4
Total Bedrooms MF Unit 5: 2
Total Full Baths MF Unit 5: 1
Multi-Family Unit 6 Detail
Unit Location MF Unit 6: Third
Monthly Rent MF Unit 6: 1200
Total Rooms MF Unit 6: 4
Total Bedrooms MF Unit 6: 2
Total Full Baths MF Unit 6: 1
Status Change Info
Status Change Date: 2026-09-02
Property Features
Architectural Style: Apartment 4 Plus Unit
Basement: Full; Unfinished
Construction Materials: Brick
Cooling: None
Exterior Features: None
Heating: Electric
Possession: At Closing
Separate Utilities: Electric; Gas
Sewer: Public Sewer
Showing Requirements: Showing Service
Special Listing Conditions: Standard
Tenant Pays: Electricity; Gas
Water Source: Public
Waterfront Features: Other
Tax Bill 
Listing Courtesy of Carrow Real Estate Services LLC
Listing Agent: Craig Clermont
518-369-2729 | cclermont@carrowrealestate.com
518-369-2729 | cclermont@carrowrealestate.com
