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.
Active
$750,000
4 River Street, Schenectady, NY 12305
12beds
5,829sqft
Multi Family, Apartment
Built in 1950
-- sqft lot
$-- Zestimate®
$129/sqft
$-- HOA
What's special
Individual electric heatOwn hot water tank
- 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#: 202625284
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
| Date | Event | Price |
|---|---|---|
| 9/2/2026 | Listed for sale | $750,000$129/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Climate risks
Neighborhood: Stockade
Nearby schools
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.






