Listing
$750,000
4 Ri••••• St (Sign up for 50 free credits to unlock)Schenectady, NY 12305
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.
Property Facts & Features
- Property Type
- Multi Family
- Status
- Active
- Listed
- Sep 1, 2026
- Price per Sq Ft
- $129/sqft
- ZIP Code
- 12305
- Full Baths
- 6
- Half Baths
- 1
- Heating
- Forced Air
- Construction
- Brick
- Style
- Apartment 4 Plus Unit
- Property Tax (2026)
- $16,035/yr
- Assessed Value
- $387,800
- Last Sold
- $90,000 · Jun 7, 2016
- Neighborhood
- Downtown Schenectady
- County
- Schenectady
- School District
- Schenectady City School District
Estimated Value
Automated estimate. Not an appraisal.
Features & Amenities
Bedrooms
- Bedrooms: 12
Bathrooms
- Total Bathrooms: 6.5
- Full Bathrooms: 6
- 1/2 Bathrooms: 1
Land Info
- Level
- Lot Size Acres: 0.18
- Lot Size Square Feet: 7841
Utilities
- Electric: 200+ Amp Service
- Sewer: Public Sewer
- Water Source: Public
Other Rooms
- Basement Features: Full, Unfinished
Rental Info
- Tenant Pays: Electricity, Gas
Multi-Unit Info
- Number of Units: 6
- Bedrooms in Unit-1: 2
- Bedrooms in Unit-2: 2
- Bedrooms in Unit-3: 2
- Bedrooms in Unit-4: 2
- Bedrooms in Unit-5: 2
- Bedrooms in Unit-6: 2
- Total Bathrooms in Unit-1: 1
- Total Bathrooms in Unit-2: 2
- Total Bathrooms in Unit-3: 1
- Total Bathrooms in Unit-4: 1
- Total Bathrooms in Unit-5: 1
- Total Bathrooms in Unit-6: 1
- Full Bathrooms in Unit-1: 1
- Full Bathrooms in Unit-2: 1
- Full Bathrooms in Unit-3: 1
- Full Bathrooms in Unit-4: 1
- Full Bathrooms in Unit-5: 1
- Full Bathrooms in Unit-6: 1
- Half Bathrooms in Unit-2: 1
- Total Rooms in Unit-1: 4
- Total Rooms in Unit-2: 4
- Total Rooms in Unit-3: 4
- Total Rooms in Unit-4: 4
- Total Rooms in Unit-5: 4
- Total Rooms in Unit-6: 4
- Unit 1 Total Actual Rent: 1100
- Unit 2 Total Actual Rent: 1050
- Unit 3 Total Actual Rent: 1265
- Unit 4 Total Actual Rent: 1275
Garage and Parking
- Open Parking: Yes
- Parking Total: 20
School Information
- High School: Schenectady
- High School District: Schenectady
- School District: Schenectady
Heating and Cooling
- Heating Features: Forced Air
- Heating: Yes
Other Property Info
- Standard
- Annual Tax Amount: 15722
- Tax Block: 2
- Source Listing Status: Active
- County: Schenectady
- Directions: Take a left off of Front St.
- Parcel Number: 421500 39.56-2-11.1
- Postal City: Schenectady
- Property Subtype: Multi Family
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
Building and Construction
- Total Square Feet Living: 5829
- Year Built: 1950
- Above Grade Finished Area: 5829
- Above Grade Finished Area Source: CRS
- Construction Materials: Brick
- Property Age: 76
- Roof: Rolled/Hot Mop
- Total Above Grade Sqft Area: 5829
- Architectural Style: Apartment 4 Plus Unit
Exterior and Lot Features
- Fencing: Back Yard
Waterfront and Water Access
- Water Body Name: Erie Canal
Location
Lat 42.82054 · Lng -73.94117