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1011 Union Street, Schenectady, NY 12308

Schenectady
Local realty services provided by:CENTURY 21 North East
1011 Union Street,Schenectady, NY 12308
$1,590,000
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  • 19 Beds
  • 16 Baths
  • 10,809 sq. ft.
  • Multi-family
  • Pending
Listed by: richard carr
Office: carr real estate group llc.
MLS#:202611444
Source:Global MLS

Price summary

  • Price:$1,590,000
  • Price per sq. ft.:$147.1

About this home

Prime 16-Unit Brick Investment Near Union College. Solid all-brick 16-unit multifamily generating $17,780/month in gross rents with a gross annual scheduled rent roll of $213,360. The property features a full sprinkler system on all four levels in all common areas, plus a new rubber roof installed in 2022, providing major capital-expense peace of mind. Ideally located within walking distance to Union College, downtown Schenectady, and public transportation, with a bus stop directly across the street, this asset sits squarely in the path of the city's ongoing revitalization. Most apartments feature hardwood floors, tiled bathrooms and the building is currently in good overall condition. 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. Year built is approximate (CRS reflects 1984; believed inaccurate). Expense figures are estimated. Additional financial...

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Home facts

  • Year built:1984
  • Listing ID #:202611444
  • Added:269 day(s) ago
  • Updated:October 31, 2026 at 08:27 AM

Rooms and interior

  • Bedrooms:19
  • Total bathrooms:16
  • Full bathrooms:16
  • Flooring:Hardwood, Tile, Vinyl
  • Bathrooms Description:Ceramic Tile Bath
  • Basement Description:Exterior Entry, Full, Heated, Interior Entry, Unfinished, Walk-Out Access
  • Living area:10,809 sq. ft.

Heating and cooling

  • Cooling:Window Unit(s)
  • Heating:Baseboard, Electric, Forced Air, Natural Gas, Zoned

Structure and exterior

  • Roof:Rubber
  • Year built:1984
  • Building area:10,809 sq. ft.
  • Lot area:0.19 Acres
  • Lot Features:Corner Lot, Landscaped, Level, Road Frontage
  • Architectural Style:Apartment 4 Plus Unit, Low Rise
  • Construction Materials:Brick
  • Foundation Description:Concrete Perimeter

Schools

  • High school:Schenectady
  • Elementary school:Howe International Magnet

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,590,000
  • Price per sq. ft.:$147.1
  • Tax amount:$17,514

Features and amenities

  • Amenities:Built-in Features, Walk-In Closet(s)

Parking

  • Total parking spaces:18
The information being provided by Global MLS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified.  © 2026 Global MLS All rights reserved. NY_GCAR Member Broker: Jim D’Amico

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