Brick Multifamily Investment Near Union
1011 Union Street, Schenectady, NY 12308
MULTI_FAMILY - 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
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi Residence
- Bedrooms
- 19
- Bathrooms
- 16
- Rooms
- Bedroom 11, Bedroom 5, Bedroom 4, Bathroom 13, Bedroom 8, Bathroom 3, Bedroom 10, Bathroom 10, Bedroom 3, Bathroom 15, Bathroom 14, Bathroom 2, Bedroom 7, Bathroom 4, Bedroom 1, Bedroom 9, Bedroom 12, Bedroom 15, Bathroom 6, Bathroom 5, Bathroom 9, Bedroom 14, Bedroom 2, Bedroom 16, Bathroom 11, Bathroom 12, Bedroom 19, Bathroom 8, Bathroom 1, Bedroom 13, Bedroom 6, Bathroom 16, Bedroom 18, Bathroom 7, Bedroom 17
- Parking
- 18
- Security features
- Security Lighting
- Interior features
- Walk-In Closet(s), Built-in Features, Ceramic Tile Bath
- Basement
- Full, Interior Entry, Exterior Entry, Unfinished, Walk-Out Access
- 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
- 17514
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Forced Air, Natural Gas, Baseboard, Zoned
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1984
- Number of units
- 16
- Flooring type
- Tile - Ceramic, Hardwood, Tile, Vinyl
- Building materials
- Brick
- Roof type
- 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# 202611444
Listing URL
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% range cap rate provides a compelling income opportunity.
- Generates $17,780/month in gross rents, totaling $213,360 annually.
- New rubber roof installed in 2022 reduces capital expenditure concerns.
- Prime location within walking distance to Union College, downtown Schenectady, and public transportation.
- Solid all‑brick 16‑unit multifamily building.
- Full sprinkler system on all four levels in all common areas.
Overview
This 16-unit multifamily property is an all-brick building generating $17,780 per month in gross rents, with a gross annual scheduled rent roll of $213,360. It features a full sprinkler system on all four levels in all common areas, plus a new rubber roof installed in 2022. Most apartments feature hardwood floors and tiled bathrooms, and the building is in good overall condition. The property is located within walking distance to Union College, downtown Schenectady, and public transportation, with a bus stop directly across the street. The property is located in Schenectady, NY. The lot size is 0.19 acres and the property size is 10809 square feet. The zoning is Multi Residence. The property is intended as an investment opportunity. The year built is approximate. The property is located near Union College and downtown Schenectady.
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 cap rate.
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% range cap rate provides a compelling income opportunity.; Generates $17,780/month in gross rents, totaling $213,360 annually.; New rubber roof installed in 2022 reduces capital expenditure concerns.
