Brick Multifamily Investment Near Union
1011 Union Street, Schenectady, NY 12308
COMMERCIAL - Other - Schenectady, NY
Property size:
10,809 SFLot size:
0.19 AcresPrice / SF:
$147/SF- Added:
- Feb 3, 2026
- Days on Market:
- 101
- Last Refresh:
- May 15 at 9:06 am
Property Features for 1011 Union Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Multi Residence
- Bathrooms
- 16
- Rooms
- Bathroom 2, Bathroom 5, Bathroom 6, Bathroom 3, Bathroom 16, Bathroom 15, Bathroom 11, Bathroom 14, Bathroom 4, Bathroom 12, Bathroom 13, Bathroom 9, Bathroom 7, Bathroom 1, Bathroom 10, Bathroom 8
- Parking
- 18
- Parking features
- On Street
- Security features
- Security Lighting
- Interior features
- High Speed Internet, Built-in Features, Ceramic Tile Bath
- Basement
- Walk-Out Access, Exterior Entry, Full, Interior Entry, Unfinished
- Standard status
- Active
- APN
- 421500 39.75-1-23
- Size
- 10,809 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Annual Amount
- 17349
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Zoned, Baseboard, Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1984
- Floors in Building
- 3
- Flooring type
- Tile - Ceramic, Hardwood, Vinyl
- Building materials
- Brick
- Roof type
- Flat, Rubber
- Architectural style
- Other
Listing agent Richard Carr License #10491207486 (518) 488-2434
Listing office Carr Real Estate Group, LLC 79 Blue Jay Way, Rexford, NY (518) 488-2434
Listing date Feb 3, 2026
MLS# 202611447
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- High 10% Cap Rate: Projected returns offer a compelling income opportunity.
- $213,360 Gross Annual Rent Roll: Generates substantial income.
- New Rubber Roof (2022): Provides peace of mind regarding capital expenses.
- Prime Location: Walking distance to Union College, downtown Schenectady, and public transportation.
- Full Sprinkler System: Enhances safety and potentially lowers insurance costs.
- Solid Brick Construction: Durable and aesthetically appealing.
Overview
This is a solid all-brick 16-unit multifamily property generating $17,780 per month in gross rents, resulting in a gross annual scheduled rent roll of $213,360. The property includes a full sprinkler system on all four levels in common areas, along with a new rubber roof installed in 2022. Most apartments feature hardwood floors, and the building is currently in good overall condition. It is ideally located within walking distance of Union College, downtown Schenectady, and public transportation, with a bus stop directly across the street. The property is situated on a 0.19-acre lot. The building has a property size of 10,809 square feet. There are 16 units with 19 total bedrooms and 51 total rooms. The property is located in Schenectady, NY. The building is located near the city's ongoing revitalization. At the asking price, the projected returns place the cap rate in the high-10% range, making this a compelling income play for both seasoned and first-time multifamily investors. The year built is approximate.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Schenectady
- County
- Schenectady
- State
- New York
- Longitude
- -73.92583
- Latitude
- 42.812937
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 16-unit multifamily property near Union College with high returns.
Where is this apartment building located?
The property is located at 1011 Union Street Schenectady, NY.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: High 10% Cap Rate: Projected returns offer a compelling income opportunity.; $213,360 Gross Annual Rent Roll: Generates substantial income.; New Rubber Roof (2022): Provides peace of mind regarding capital expenses.
