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.

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"Based on information submitted to Global MLS as of May 20, 2026 4:44 PM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing."

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Building Relationships Based on Trust, Honesty and Dedication

1011 Union StreetSchenectady, NY 12308Price: $1,590,000

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Building Relationships Based on Trust, Honesty and Dedication

1011 Union StreetSchenectady, NY 12308Price: $1,590,000

$/month over payments

Listing Tools

$/month over payments

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Property Details of 1011 Union Street

Property Details

Basic Information

Property

Location

Finance

Interior Features

Beds/Baths

Bathrooms

Basement

Exterior Features

Features

Utilities and Appliances

Utilities and Appliances

Community

Schools

Map Location

Driving Directions

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