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  • $750,000

    4 River Street, Schenectady, NY 12305

    12beds
    5,829sqft
    Loading
    Multi Family, Apartment
    Built in 1950
    -- sqft lot
    $-- Zestimate®
    $129/sqft
    $-- HOA

    What's special

    Individual electric heatOwn hot water tank
    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.
    13 days
    469
    36

    Zillow last checked:

    Listing updated:

    Listed by:

    Carrow Real Estate Services LLC 518-462-7491,

    Craig Clermont 518-369-2729

    Source: Global MLS,MLS#: 202625284MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 12
      • Bathrooms: 7
      • Full bathrooms: 6
      • 1/2 bathrooms: 1
      Heating
      • Electric
      Cooling
      • None
      Features
      • Basement: Full,Unfinished
      Interior area
      • Total structure area: 5,829
      • Total interior livable area: 5,829 sqft
      • Finished area above ground: 5,829
      • Finished area below ground: 0
      Video & virtual tour

      Property

      Features
      • Exterior features: None
      • On waterfront: Yes
      • Waterfront features: Other
      • Body of water: Erie Canal
      Lot
      • Size: 7,840 Square Feet
      Details
      • Parcel number: 421500 39.56211.1
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family, Apartment
      • Attached to another structure: Yes
      Materials
      • Brick
      Condition
      • Year built: 1950

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Schenectady

      Financial & listing details

      • Price per square foot: $129/sqft
      • Annual tax amount: $15,721
      • Date on market: 9/2/2026
      • Tenant pays: Electricity, Gas

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        9/2/2026Listed for sale$750,000$129/sqft
        Source: Global MLS #202625284 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Estimated monthly payment$1,822
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Stockade

        Getting around

        80 / 100
        Very Walkable
        45 / 100
        Some Transit
        63 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • 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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