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Listed by Craig Clermont • Carrow Real Estate Services LLC

$ 750,000

Est. payment -/mo

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4 River Street Schenectady, NY 12305

12 Beds

7 Baths

5,829 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,829 sqft

Price per Sqft $128

MLS Listing ID 202625284

Bedrooms 12

Full Baths 6

Half Baths 1

HOA Y/N No

Year Built 1950

Annual Tax Amount $15,721

Lot Size 7,840 Sqft

Acres 0.18

Property Sub-Type Multi Family

Source Global MLS

Property Description

Well-Maintained 6-Unit Multifamily Investment Opportunity -- $750,000

Fully rented and turnkey, this 6-unit multifamily property offers a stable, income-producing asset with room to grow. Each unit is separately metered with individual gas furnace heat and its own hot water tank, keeping utility costs cleanly divided between tenants. The property also features ample on-site parking for residents, and is located +/- 250 feet from the ALCO Heritage Trail bike path.

Currently generating an approximate 6% cap rate, the property presents a clear path to an estimated 8% cap rate through market-rate rent adjustments -- offering investors meaningful upside in both cash flow and long-term value.

A well-maintained, fully occupied property with strong fundamentals and clear growth potential. Pro forma available upon request.

Location

State NY

County Schenectady

Direction Take a left off of Front St.

Body of Water Erie Canal

Interior

Heating Forced Air

Exterior

Exterior Feature None

Waterfront Description Other

Roof Type Rolled/Hot Mop

Building

Lot Description Level

Sewer Public Sewer

Water Public

Architectural Style Apartment 4 Plus Unit

Schools

School District Schenectady

Others

Tax ID 421500 39.56-2-11.1

Special Listing Condition Standard

Virtual Tour https://app.doaudiotours.com/unbranded?id=29572&lang=en-US

Samantha Kettlewood

NYS Licensed Real Estate Salesperson

+1(518) 810-9013 | sam@empirerealestatefirm.com

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