$455,400
Status: Closed
7 beds
1 / 29
Property Description
Turn-key 5-unit investment property located in the desirable Upper Union Street corridor of Schenectady, offered in conjunction with the neighboring 10-unit apartment building to create a 15-unit income-producing portfolio with positive cash flow. This well-maintained building features five updated and modernized apartments, including 2 furnished turn-key units available for immediate rental. Apartments offer attractive layouts with hardwood floors, updated kitchens, ceramic tile baths, and modern finishes, creating desirable living spaces for tenants. Designed with investors in mind, tenants pay their own utilities, keeping operating expenses efficient. The property has also seen important improvements including updated mechanical systems and roof, making it a true turn-key investment. The building includes paved off-street parking and is adjoined by a private parking lot shared with the neighboring property, providing convenient parking for residents. **Sold together with the adjacent 10-unit building**, this offering creates a **15-unit portfolio opportunity in one of Schenectady's most recognizable residential corridors**. These **staple Upper Union Street investment buildings** provide immediate income and long-term portfolio value for investors looking to expand or begin their holdings. Financials available upon request.
Details
Contract Information
Original List Price: 500000
List Price/SqFt: 148.46
Status: Closed
Property Sub Type: Multi Family
Sold Price: $455,400
Current Price: $455,400
Listing Contract Date: 2026-03-12
Location
City/Town (Mail): Schenectady
Property Detail
Number Of Units Total: 5
Rooms Total: 21
Bathrooms Half: 0
Garage Spaces: 0
Above Grade Finished Area: 3368
Above Grade Finished Area Source: CRS
Parking Y/N: Yes
Below Grade Finished Area: 0
Below Grade Finished Area Source: CRS
Living Area: 3368
Lot Size Acres: 0.09
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Bedrooms Total: 7
Bathrooms Full: 5
Year Built: 1984
Status Change Info
Sold Price/SqFt: 135.21
Status Change Date: 2026-06-11
Under Contract Date: 2026-03-19
Sold Date: 2026-06-10
Sold Price: $455,400
Parcel, Tax, HOA
Parcel Number: 421500 50.21-3-26
Tax Annual Amount: 6827.14
Tax Section: 50.21
Total Taxes Description: Estimated
Tax Block: 3
Tax Lot: 26.000
School District: Schenectady
High School: Schenectady
Association Y/N: No
Directions & Remarks
Directions: Corner of McClellan St and Union St
Public Remarks: Turn-key 5-unit investment property located in the desirable Upper Union Street corridor of Schenectady, offered in conjunction with the neighboring 10-unit apartment building to create a 15-unit income-producing portfolio with positive cash flow.
This well-maintained building features five updated and modernized apartments, including 2 furnished turn-key units available for immediate rental. Apartments offer attractive layouts with hardwood floors, updated kitchens, ceramic tile baths, and modern finishes, creating desirable living spaces for tenants.
Designed with investors in mind, tenants pay their own utilities, keeping operating expenses efficient. The property has also seen important improvements including updated mechanical systems and roof, making it a true turn-key investment.
The building includes paved off-street parking and is adjoined by a private parking lot shared with the neighboring property, providing convenient parking for residents.
**Sold together with the adjacent 10-unit building**, this offering creates a **15-unit portfolio opportunity in one of Schenectady's most recognizable residential corridors**. These **staple Upper Union Street investment buildings** provide immediate income and long-term portfolio value for investors looking to expand or begin their holdings.
Financials available upon request.
Sewer
Public Sewer: 1
Architectural Style
Apartment 4 Plus Unit: 1
Electric
Circuit Breakers: 1
Fencing
None: 1
Financial Details
General Taxes: 3502.02
General Taxes Description: Estimated
School Taxes: 3325.12
School Taxes Description: Estimated
Attic Features
None: 1
Cooling
None: 1
Basement
Full: 1
Bath Levels
Full Bath 1: 1st
Full Bath 2: 1st
Full Bath 3: 2nd
Full Bath 4: 2nd
Full Bath 5: 3rd
Lot Features
Level: 1
Construction Materials
Vinyl Siding: 1
Photos - the contractual owner of the photos
Photo Owner: Broker
Possession
At Closing: 1
Exterior Features
Other: 1
Fireplace Features
Other: 1
Flooring
Carpet: 1
Ceramic Tile: 1
Hardwood: 1
Showing Requirements
Call Listing Agent: 1
Occupied: 1
Restricted Days: 1
Restricted Hours: 1
Showing Service: 1
Special Listing Conditions
Standard: 1
Roof
Asphalt: 1
Water Source
Public: 1
Heating
Baseboard: 1
Electric: 1
Hot Water: 1
Natural Gas: 1
Interior Features
Built-in Features: 1
Ceramic Tile Bath: 1
Solid Surface Counters: 1
Parking Features
Parking Total: 4
Driveway: 1
Paved: 1
Levels
Tri-Level: 1
Separate Utilities
Electric: 1
Gas: 1
Heat: 1
Water Heater: 1
Water Meter: 1
Tenant Pays
Electricity: 1
Gas: 1
Heat: 1
Hot Water: 1
Unit Information
Number Of Refrigerators: 5
Number Of Stoves: 5
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 1st
Occupant Type MF Unit 1: Vacant
Monthly Rent MF Unit 1: 1400
Rent Desc. MF Unit 1: Estimated
Total Rooms MF Unit 1: 4
Total Bedrooms MF Unit 1: 1
Total Full Baths MF Unit 1: 1
Unit 1 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Unit 1 Owner Furnish Features
Snow Removal: 1
Trash: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 1st
Occupant Type MF Unit 2: Tenant
Monthly Rent MF Unit 2: 950
Rent Desc. MF Unit 2: Actual
Total Rooms MF Unit 2: 4
Total Bedrooms MF Unit 2: 1
Total Full Baths MF Unit 2: 1
Unit 2 Owner Furnish Features
Snow Removal: 1
Trash: 1
Unit 2 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 2nd fl
Occupant Type MF Unit 3: Tenant
Monthly Rent MF Unit 3: 1060
Rent Desc. MF Unit 3: Actual
Total Rooms MF Unit 3: 4
Total Bedrooms MF Unit 3: 1
Total Full Baths MF Unit 3: 1
Unit 3 Owner Furnish Features
Snow Removal: 1
Trash: 1
Unit 3 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Multi-Family Unit 4 Detail
Unit Location MF Unit 4: 2nd Fl
Occupant Type MF Unit 4: Vacant
Monthly Rent MF Unit 4: 1800
Rent Desc. MF Unit 4: Estimated
Total Rooms MF Unit 4: 5
Total Bedrooms MF Unit 4: 2
Total Full Baths MF Unit 4: 1
Unit 4 Owner Furnish Features
Snow Removal: 1
Trash: 1
Unit 4 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Multi-Family Unit 5 Detail
Unit Location MF Unit 5: 3rd Fl
Occupant Type MF Unit 5: Tenant
Monthly Rent MF Unit 5: 850
Rent Desc. MF Unit 5: Actual
Total Rooms MF Unit 5: 5
Total Bedrooms MF Unit 5: 2
Total Full Baths MF Unit 5: 1
Unit 5 Owner Furnish Features
Snow Removal: 1
Trash: 1
Unit 5 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Property Features
Architectural Style: Apartment 4 Plus Unit
Attic Features: None
Basement: Full
Construction Materials: Vinyl Siding
Cooling: None
Electric: Circuit Breakers
Exterior Features: Other
Fencing: None
Fireplace Features: Other
Flooring: Carpet; Ceramic Tile; Hardwood
Heating: Baseboard; Hot Water; Natural Gas
Interior Features: Built-in Features; Ceramic Tile Bath; Solid Surface Counters
Levels: Tri-Level
Lot Features: Level
Parking Features: Driveway; Paved
Possession: At Closing
Roof: Asphalt
Separate Utilities: Electric; Gas; Heat; Water Heater; Water Meter
Sewer: Public Sewer
Showing Requirements: Call Listing Agent; Occupied; Restricted Days; Restricted Hours; Showing Service
Special Listing Conditions: Standard
Tenant Pays: Electricity; Gas; Heat; Hot Water
Water Source: Public
Unit 1 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 1 Owner Furnish Features: Snow Removal; Trash
Unit 2 Owner Furnish Features: Snow Removal; Trash
Unit 2 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 3 Owner Furnish Features: Snow Removal; Trash
Unit 3 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 4 Owner Furnish Features: Snow Removal; Trash
Unit 4 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 5 Owner Furnish Features: Snow Removal; Trash
Unit 5 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Listing Office: Miranda Real Estate Group Inc
Listing Agent: Christine M Serafini
518-514-8830 | SerafiniSellsHomes@gmail.com
518-514-8830 | SerafiniSellsHomes@gmail.com
Agent Email: SerafiniSellsHomes@gmail.com
Last Updated: June - 11 - 2026
Information deemed reliable but not guaranteed.