Rare opportunity to own a 6 unit building in Schenectady with a sizeable parking lot and 4 garages. Fully occupied producing a respectable $89,000 a year in gross rents and being offered at an 8.4% cap rate. This building has a mix of (2) 2BR apartments, (3) 1BR apartments, and (1) studio apartment. With (2) single car garages and (2) 2 car garages, this building has long term upside mixed with short term cashflow.
Multi-familyProperty Type
1965Year Built
0.57 acresLot Size
$124Price/Sq.Ft.
4 garage spacesParking
Listing by Stephen McCormick• Tier One Real Estate Pros LLC
•518-698-6321 (agent)
•theREIpros518@gmail.com (agent)
Bought with Stephen McCormick• Tier One Real Estate Pros LLC
EXCELLENT CONDITION, NEW FURNACE, LAND LARGE ENOUGH FOR ANOTHER BUILDING LOT, RENTS ARE LOW, WELL MAINTAINED, ALL BRICK CONSTRUCTION, ALL LEASES EXPIRE ON 6/30/04. Excellent Condition
Year
Property tax
Land + Additions
Assessment*
2026
$15,482
$32,600 + $184,600
$217,200
2025
$15,482 (+38.2%)
$32,600 + $184,600
$217,200
2024
$11,205 (+27.8%)
$32,600 + $184,600
$217,200
2023
$8,765 (−1.7%)
$32,600 + $184,600
$217,200
2022
$8,920 (+0.3%)
$32,600 + $184,600
$217,200
2021
$8,897 (+59.0%)
$32,600 + $184,600
$217,200
2020
$5,597 (−36.5%)
$32,600 + $184,600
$217,200
2019
$8,811 (−1.0%)
$32,600 + $184,600
$217,200
2018
$8,899 (−0.4%)
$32,600 + $184,600
$217,200
2017
$8,936 (−3.4%)
$32,600 + $184,600
$217,200
2016
$9,252 (−2.0%)
$32,600 + $184,600
$217,200
2015
$9,437 (+0.4%)
$32,600 + $184,600
$217,200
2014
$9,400
$32,600 + $184,600
$217,200
Public record
Public record
Zoning
Beds
2
Baths
1
Stories
1
Lot width
113 ft.
Lot depth
355 ft.
Lot size
0.57 Acres
Year renovated
—
Sq. Ft.
7,287
Year built
1919
Style
Multi-Family (5+ Unit)
County
Schenectady County
APN
421500A06004800040240000000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 9, 2026.
R-1
Single-Family Residential District
The Single-Family Residential R-1 District is intended to maintain the residential quality and desirability of areas characterized primarily by owner-occupied single-family detached dwellings and, where suitable, to provide areas for single-family residential development.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Single unit
Educational/school
Park & open space
Property details
Parking
Parking Information
# of Garage Spaces: 4
# of Parking Total: 7
Parking Features: Paved
Interior
Virtual Tour Information
Bathroom Information
# of Bathrooms (Full): 6
# of Bathrooms (Total Integer): 6
Bath Levels: Full Bath 1: 1st
Bath Levels: Full Bath 2: 1st
Bath Levels: Full Bath 3: 1st
Bath Levels: Full Bath 4: 1st
Bath Levels: Full Bath 5: 2nd
Bath Levels: Full Bath 6: 2nd
Basement Information
Basement: Full
Multi-Family Information
# of Units (Total): 6
Unit Type 1 Information
Total Rooms: 3
Total Bedrooms: 1
Total Full Baths: 1
Unit Type 2 Information
Total Rooms: 2
Total Full Baths: 1
Unit Type 3 Information
Total Rooms: 4
Total Bedrooms: 2
Total Full Baths: 1
Unit Type 4 Information
Total Rooms: 4
Total Bedrooms: 2
Total Full Baths: 1
Unit Type 5 Information
Total Rooms: 3
Total Bedrooms: 1
Total Full Baths: 1
Unit Type 6 Information
Total Rooms: 3
Total Bedrooms: 1
Total Full Baths: 1
Exterior
Property Information
Property Sub Type: Multi Family
Living Area: 4,746
Construction Materials: Brick, Vinyl Siding
Lot Information
Lot Size Acres: 0.57
Lot Size Square Feet: 24,829.2
Financial
Tax Information
Tax Annual Amount: $8,959.79
Tax Annual Amount: $8,959.79
Financial Details: General Taxes: $4,567.08
Financial Details: School Taxes: $4,329.80
Utilities
Heating & Cooling
Has Heating
Heating: Hot Water, Radiant, Steam
Utility Information
Sewer: Public Sewer
Water Source: Public
Location
School Information
High School: Schenectady
School District: Schenectady
Location Information
Directions: Balltown rd to dewitt ave. Building sits on the corner
Public facts
Beds: 2
Baths: 1.0
Sq. Ft.: 7,287
Stories: 1.0
Lot Size: 0.57 acres
Style: Multi-Family (5+ Unit)
Year Built: 1919
Year Renovated: —
County: Schenectady County
APN: 421500A06004800040240000000
Home facts updated by county records on Oct 9, 2026
Around this home
Schools
Paige Elementary School
Public PreK-5 • Assigned • 0.7mi
3/10
Central Park International Magnet School
Public 6-8 • Assigned • 1.9mi
2/10
Schenectady High School
Public 9-12 • Assigned • 2.5mi
3/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 95° expected this year, 16 days in 30 years
3/10 Wind Factor
6% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Schenectady, NY • 12304
Average low and high temperatures (°F)
29
17
32
18
50
30
60
40
68
50
80
60
85
65
82
59
77
54
64
44
48
34
34
21
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
98/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 6% for direct sun exposure in Schenectady. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.