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- Description
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$1,590,000
Monthly Est:$7,914
19 Beds
16 Baths16 full baths
10,809sqft
1011 Union St, Schenectady, NY 12308
$1,590,000
$7,914/moEst:
Get Pre-Approved
Multi Family
Built in 1984
$-- HOA
0.19 acre lot
$147/sq.ft
Description
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 details available upon request. Invest in Schenectady's resurgence; this is a cash-flowing opportunity you don't want to miss.
- Houzeo last checked: 2 minutes ago
- Listing updated: June 5, 2026 at 6:20 pm
- Listing Provided by: Richard Carr (518) 488-2434 DRE #10491207486 | Carr Real Estate Group, LLC (518) 488-2434
- Source: Greater Capital Association of Realtors (Global) MLS-NY | MLS#: 202611444
Part of
Property Details
Status
Pending
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1984
HOA Fees
-
Finished Area
10,809 sqft
Lot Size
0.19 acre lot
Basement Area
- sqft
MLS Name
Greater Capital Association of Realtors (Global) MLS
MLS Number
202611444
MLS Status
Pending
Days on Market
182
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 19
Bathrooms: 16
Interior
Sewer
Public Sewer
Exterior Features
None
Interior Features
Walk In Closet(s), Built In Features, Ceramic Tile Bath
Flooring
Vinyl, Tile, Ceramic Tile, Hardwood
Cooling
Window Unit(s)
Heating
Baseboard, Electric, Forced Air, Zoned, Natural Gas
Construction
Year Built
Year Built: 1984
Home type
Multi Family
Foundation Details
Concrete Perimeter
Architectural Style
Low Rise, Apartment 4 Plus Unit
Roof
Rubber
Construction Materials
Brick
Utilities & Energy
Basement
Exterior Entry, Full, Heated, Interior Entry, Unfinished, Walk Out Access
Security Features
Fire Sprinkler System, Fire Escape, Security Lights, Smoke Detector(s), 24 Hour Security, Building Security, Carbon Monoxide Detector(s), Closed Circuit Camera(s), Fire Alarm
Electric
Single Phase, 200+ Amp Service, 220 Volts, Circuit Breakers
Parking Features
None
Water Source
Public
Utilities
Cable Connected
Other Features
Tenant Pays
Hot Water, Internet, Cable Tv, Electricity, Gas
Lot Features
Level, Landscaped, Road Frontage, Corner Lot
Price History
| Date | Event | Price |
|---|---|---|
06/05/2026 Source: | Pending | $1,590,000 $147/sqft |
04/17/2026 Source: | Price Decreased | $1,590,000 -6.19% $147/sqft |
04/10/2026 Source: | Listed for Sale | $1,695,000 $157/sqft |
02/25/2026 Source: | Pending | $1,695,000 +13.00% $157/sqft |
07/31/2024 Source: | Listing Removed | $1,500,000 +36.36% $139/sqft |
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Based on information from the Global Multiple Listing Service, Inc. through Oct 09, 2026, 06:45AM. Information is provided exclusively for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 Global Multiple Listing Service, Inc. All Rights Reserved.
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