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Pending
    • $1,695,000

    1011 Union Street, Schenectady, NY 12308

    19beds
    10,809sqft
    Multi Family, Apartment
    Built in 1984
    -- sqft lot
    $1,616,000 Zestimate®
    $157/sqft
    $-- HOA

    What's special

    Tiled bathrooms
    Prime 16-Unit Brick Investment Near Union College. Solid all-brick 16-unit multifamily generating $17,480/month in gross rents with a gross annual scheduled rent roll of $209,760. 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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    Zillow last checked: 7 hours ago

    Listing updated: February 25, 2026 at 11:22am

    Listing by:

    Carr Real Estate Group, LLC 518-488-2434,

    Richard Carr 518-488-2434

    Source: Global MLS,MLS#: 202611444MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 19
      • Bathrooms: 16
      • Full bathrooms: 16
      Heating
      • Baseboard, Electric, Forced Air, Zoned, Natural Gas
      Cooling
      • Window Unit(s)
      Features
      • Walk-In Closet(s), Built-in Features, Ceramic Tile Bath
      • Flooring: Vinyl, Tile, Ceramic Tile, Hardwood
      • Basement: Exterior Entry,Full,Heated,Interior Entry,Unfinished,Walk-Out Access
      Interior area
      • Total structure area: 10,809
      • Total interior livable area: 10,809 sqft
      • Finished area above ground: 10,809
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 18
      • Parking features: None
      Features
      • Exterior features: None
      Lot
      • Size: 8,276.4 Square Feet
      • Features: Level, Landscaped, Road Frontage, Corner Lot
      Details
      • Additional structures: None
      • Parcel number: 421500 39.75123
      • Zoning description: Multi Residence
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family, Apartment
      • Attached to another structure: Yes
      Materials
      • Brick
      • Foundation: Concrete Perimeter
      • Roof: Rubber
      Condition
      • Year built: 1984

      Utilities & green energy

      • Electric: Single Phase, 220 Volts, Circuit Breakers
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Connected

      Community & HOA

      Community
      • Security: 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
      HOA
      • Has HOA: No
      Location
      • Region: Schenectady

      Financial & listing details

      • Price per square foot: $157/sqft
      • Annual tax amount: $17,514
      • Date on market: 2/3/2026
      • Listing terms: Owner Concession
      • Tenant pays: Hot Water, Internet, Cable TV, Electricity, Gas

        Estimated market value

        $1,616,000

        $1.54M - $1.70M

        $1,043/mo

        Price history

        Price history
        DateEventPrice
        2/25/2026Pending sale$1,695,000$157/sqft
        Source: Global MLS #202611444 Report a problem
        2/3/2026Listed for sale$1,695,000+13%$157/sqft
        Source: Global MLS #202611444 Report a problem
        3/6/2024Listing removed--
        Source: Global MLS #202411301 Report a problem
        1/30/2024Listed for sale$1,500,000+36.4%$139/sqft
        Source: Global MLS #202411301 Report a problem
        6/30/2022Sold$1,100,000-4.3%$102/sqft
        Source: Global MLS #202131945 Report a problem
        2/15/2022Pending sale$1,150,000$106/sqft
        Source: Global MLS #202131945 Report a problem
        11/4/2021Listed for sale$1,150,000$106/sqft
        Source: Global MLS #202131945 Report a problem
        2/28/2019Listing removed$750
        Source: Homes By Harline (a licensed Real Estate Broker) Report a problem
        2/5/2019Listed for rent$750
        Source: Homes By Harline (a licensed Real Estate Broker) Report a problem
        11/18/2018Listing removed$750
        Source: Wolf River Real Estate, LLC #201833126 Report a problem
        11/12/2018Listed for rent$750-3.2%
        Source: Wolf River Real Estate, LLC #201833126 Report a problem
        1/11/2018Listing removed$775
        Source: Prime Listings, Inc #201810344 Report a problem
        1/7/2018Listed for rent$775-8.8%
        Source: Prime Listings, Inc #201810344 Report a problem
        11/7/2017Listing removed$850
        Source: Prime Listings, Inc #201718612 Report a problem
        10/24/2017Price change$850+13.3%
        Source: Prime Listings, Inc #201718612 Report a problem
        9/19/2017Listed for rent$750
        Source: Prime Listings, Inc #201718612 Report a problem

        Public tax history

        Public tax history
        Tax history is unavailable.

        Monthly payment

        Estimated monthly payment
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Union Street

        Getting around

        63 / 100
        Somewhat Walkable
        43 / 100
        Some Transit
        48 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Howe International Magnet
        • High: Schenectady

        Source: Global MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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