4 River Street, Schenectady, NY 12305, Schenectady

$ 750,000

Overview

  • Updated On:
  • September 3, 2026
  • 12
  • Bedrooms
  • 6.5
  • Bathrooms
  • 5,829 ft2
  • Property Size

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 electric 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.

Address: 4 River Street, Schenectady, NY 12305
State/County:
Zip: 12305
Country: United States

Property Id: 814029
Price: $ 750,000
Property Size: 5,829 ft2
Property Lot Size: 0 ft2
Bedrooms: 12
Bathrooms: 6.5
Listing Agent Email: cclermont@carrowrealestate.com
Listing Agent: Craig Clermont
Listing Agent Phone: 518-369-2729
Listing Office: Carrow Real Estate Services LLC

Other Features
Has Heating System
Has Waterfront
None

$ 3,845.40
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 2,907.90

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