1011 Union St

Schenectady, NY 12308

$1,695,000
Price
19
Beds
10,809 Sq. Ft.
$157 / Sq. Ft.
10,809
Sq. Ft.
$157
per Sq. Ft.
New
New
Front of bldg
Blue Sky Front of House
Apt 2
Apt 3
bath 1
bath 3
Bathroom 2
Family room apt
Hallway
kitchen
DSC_0650
DSC_0651
DSC_0652
DSC_0654
DSC_0656
DSC_0660
family room 1
DSC_0640
DSC_0644
DSC_0645

Description

Prime 16-Unit Brick Investment Near Union College. Solid all-brick 16-unit multifamily generating $17,480/month in gross rents with a gross annual scheduled rent roll of $209,760. The property features a full sprinkler system on all four levels in all common areas, plus a new rubber roof installed in 2022, providing major capital-expense peace of mind. Ideally located within walking distance to Union College, downtown Schenectady, and public transportation, with a bus stop directly across the street,...Prime 16-Unit Brick Investment Near Union College. Solid all-brick 16-unit multifamily generating $17,480/month in gross rents with a gross annual scheduled rent roll of $209,760. The property features a full sprinkler system on all four levels in all common areas, plus a new rubber roof installed in 2022, providing major capital-expense peace of mind. Ideally located within walking distance to Union College, downtown Schenectady, and public transportation, with a bus stop directly across the street, this asset sits squarely in the path of the city's ongoing revitalization. Most apartments feature hardwood floors, tiled bathrooms and the building is currently in good overall condition. At the asking price, the projected returns place the cap rate in the high-10% range, making this a compelling income play for both seasoned and first-time multifamily investors. Year built is approximate (CRS reflects 1984; believed inaccurate). Expense figures are estimated. Additional financial details available upon request. Invest in Schenectady's resurgence; this is a cash-flowing opportunity you don't want to miss.
  1. Listed by Richard Carr • Carr Real Estate Group, LLC
    P: (518)-488-2434 C: (518)-488-2434 richc1976@gmail.com

Property Details for 1011 Union Street

Architectural Style
Low Rise, Apartment 4 Plus Unit
Zoning
Multi Residence
Waterfront
No
Parking Total
18.00
LISTING UPDATED: 02/03/2026 11:03 AM

Property Details for 1011 Union Street

StatusActive
MLS #202611444
Days on MarketListed Today
Taxes$17,514 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Multi Family
Year Built1984
Lot Size0.19 AC / 8,276 SF
CountySchenectady County

Location

Listing Courtesy of Carr Real Estate Group, LLC
Add your commute

Building Information for 1011 Union Street

Stories-Residences16Year Built1984Building Size-Lot Size0.19 AC / 8,276 SF

Payment Calculator

$9,721 per month

30 year fixed, 6.15% Interest

Principal and Interest

$8,261

Property Taxes

$1,460

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1011 Union Street

Summary
Location and General Information
  • Postal City: Schenectady
  • Directions: Union St, east to Park Ave, Building on the left corner.
  • City: Schenectady
  • State Or Province: NY
  • Postal Code: 12308
  • County Or Parish: Schenectady
  • Latitude: 42.81
  • Longitude: -73.93
Taxes and HOA
  • Association Fee: $.00
  • Association: No
  • Tax Lot: 23.000
  • Tax Block: 1
  • Parcel Number: 421500 39.75-1-23
  • Tax Tract: 39.75
  • Tax Annual Amount: $17,514.00
Parking
  • GarageSpaces: .00
  • Attached Garage: No
  • Parking Features: None
School Information
  • School District: Schenectady
  • High School: Schenectady
  • Elementary School: Howe International Magnet
Property
Property and Assessments
  • Possession: At Closing
  • Property Type: MultiFamily
  • Property Type Label: MultiFamily
  • Current Use: Multi-Family
Lot Information
  • Lot Features: Level, Landscaped, Road Frontage, Corner Lot
  • Year Built: 1984
  • Lot Size Dimensions: 54X149.5
  • New Construction: No
  • Above Grade Finished Area: 10809.0
  • Above Grade Finished Area Source: CRS
  • Below Grade Finished Area: 0.0
  • Below Grade Finished Area Source: CRS
  • Year Established: 1984
  • Lot Size Acres: 0.19
  • Lot Size Area: 0.19
  • Lot Size Units: Acres
  • Lot Size Square Feet: 8276.4
Building Information
  • Business Type: Residential
  • Business Name: Schenectady Gardens
  • Building Area Total: 10809.0
  • Living Area: 10809.0
Utilities
  • Water Source: Public
  • Utilities: Cable Connected
  • Separate Utilities : Gas: Yes
  • Separate Utilities : Heat: Yes
  • Separate Utilities : Water Heater: Yes
  • Separate Utilities : Number Of Separate Electric Meters: 17
  • Separate Utilities : Number Of Separate Gas Meters: 17
Interior and Exterior Features
Exterior Features
  • Security Features: Fire Sprinkler System, Fire Escape, Security Lights, Smoke Detector(s), 24 Hour Security, Building Security, Carbon Monoxide Detector(s), Closed Circuit Camera(s), Fire Alarm
  • Other Structures: None
  • Exterior Features: None
Interior Features
  • Interior Features: Walk-In Closet(s), Built-in Features, Ceramic Tile Bath
  • Heating: Baseboard, Electric, Forced Air, Zoned, Natural Gas
  • Roof: Rubber
  • Flooring: Vinyl, Tile, Ceramic Tile, Hardwood
  • Electric: True
  • Basement: Exterior Entry, Full, Heated, Interior Entry, Unfinished, Walk-Out Access
  • Construction Materials: Brick
  • Cooling: Window Unit(s)
  • Foundation Details: Concrete Perimeter
  • Cooling: Yes
  • Heating: Yes
  • Stories: 3
  • Attic Features : Hatch: Yes
  • Attic Features : Part: Yes
  • Building Detail : Fire Sprinkler System YN: Yes
  • Building Detail : Fire Sprinkler Description: 4 levels
  • Building Detail : Building Ceiling Height: 9
Room Information
Bathrooms
  • Bathrooms Total Integer: 16
  • Bathrooms Total Decimal: 16.00
  • Bathrooms Total Notational: 16.00
  • Bedrooms Total: 19
  • Bathrooms Full: 16
  • Bathrooms Half: 0
Multi Family
Multi-Family Information
  • Number Of Units Total: 16
  • Unit Information : Number Of Refrigerators: 16
  • Unit Information : Number Of Stoves: 16
Income & Expenses Information
  • Insurance Expense: $6,500.00
  • Water Sewer Expense: $325.00
  • Fuel Expense: $725.00
  • Income And Expenses : Rental Income: $17,480.00
  • Income And Expenses : Rental Income Description: Monthly
  • Income And Expenses : Electric Expense Description: Estimated
  • Income And Expenses : Total Income: $209,760.00
  • Income And Expenses : Total Income Description: Annually
  • Income And Expenses : Gas Expense: $725.00
  • Income And Expenses : Gas Expense Description: Estimated
  • Income And Expenses : Insurance Expense: $6,500.00
  • Income And Expenses : Insurance Expense Description: Estimated
  • Income And Expenses : Water Sewer Expense: $325.00
  • Income And Expenses : Water Sewer Expense Desc: Estimated
  • Income And Expenses : Operating Expense: $27,600.00
  • Income And Expenses : Net Operating Income: $182,212.00
  • Fuel Cost Description : Fuel Cost: 725
  • Fuel Cost Description : Heat Estimated: Yes
Unit Information
Unit 1
  • Unit Owner Furnish Features : Heat: Yes
  • Unit Owner Furnish Features : Maintenance Grounds: Yes
  • Unit Owner Furnish Features : Sewer: Yes
  • Unit Owner Furnish Features : Snow Removal: Yes
  • Unit Owner Furnish Features : Trash: Yes
  • Unit Owner Furnish Features : Water: Yes
  • Unit Includes : Bathroom: Yes
  • Unit Includes : Kitchen: Yes
  • Unit Includes : Living Room: Yes
  • Unit Includes : Refrigerator: Yes
  • Unit Includes : Stove: Yes
Unit 2
  • Unit Owner Furnish Features : Heat: Yes
  • Unit Owner Furnish Features : Maintenance Grounds: Yes
  • Unit Owner Furnish Features : Sewer: Yes
  • Unit Owner Furnish Features : Snow Removal: Yes
  • Unit Owner Furnish Features : Trash: Yes
  • Unit Owner Furnish Features : Water: Yes
  • Unit Includes : Bathroom: Yes
  • Unit Includes : Kitchen: Yes
  • Unit Includes : Living Room: Yes
  • Unit Includes : Refrigerator: Yes
  • Unit Includes : Stove: Yes
Unit 3
  • Unit Owner Furnish Features : Heat: Yes
  • Unit Owner Furnish Features : Maintenance Grounds: Yes
  • Unit Owner Furnish Features : Sewer: Yes
  • Unit Owner Furnish Features : Snow Removal: Yes
  • Unit Owner Furnish Features : Trash: Yes
  • Unit Owner Furnish Features : Water: Yes
  • Unit Includes : Bathroom: Yes
  • Unit Includes : Kitchen: Yes
  • Unit Includes : Living Room: Yes
  • Unit Includes : Refrigerator: Yes
  • Unit Includes : Stove: Yes
Unit 4
  • Unit Owner Furnish Features : Heat: Yes
  • Unit Owner Furnish Features : Maintenance Grounds: Yes
  • Unit Owner Furnish Features : Sewer: Yes
  • Unit Owner Furnish Features : Snow Removal: Yes
  • Unit Owner Furnish Features : Trash: Yes
  • Unit Owner Furnish Features : Water: Yes
  • Unit Includes : Bathroom: Yes
  • Unit Includes : Kitchen: Yes
  • Unit Includes : Living Room: Yes
  • Unit Includes : Refrigerator: Yes
  • Unit Includes : Stove: Yes
Unit 5
  • Unit Owner Furnish Features : Heat: Yes
  • Unit Owner Furnish Features : Maintenance Grounds: Yes
  • Unit Owner Furnish Features : Sewer: Yes
  • Unit Owner Furnish Features : Snow Removal: Yes
  • Unit Owner Furnish Features : Trash: Yes
  • Unit Owner Furnish Features : Water: Yes
  • Unit Includes : Bathroom: Yes
  • Unit Includes : Kitchen: Yes
  • Unit Includes : Living Room: Yes
  • Unit Includes : Refrigerator: Yes
  • Unit Includes : Stove: Yes
Unit 6
  • Unit Owner Furnish Features : Heat: Yes
  • Unit Owner Furnish Features : Maintenance Grounds: Yes
  • Unit Owner Furnish Features : Sewer: Yes
  • Unit Owner Furnish Features : Snow Removal: Yes
  • Unit Owner Furnish Features : Trash: Yes
  • Unit Owner Furnish Features : Water: Yes
  • Unit Includes : Bathroom: Yes
  • Unit Includes : Kitchen: Yes
  • Unit Includes : Living Room: Yes
  • Unit Includes : Refrigerator: Yes
  • Unit Includes : Stove: Yes
Unit 7
  • Unit Owner Furnish Features : Heat: Yes
  • Unit Owner Furnish Features : Maintenance Grounds: Yes
  • Unit Owner Furnish Features : Sewer: Yes
  • Unit Owner Furnish Features : Snow Removal: Yes
  • Unit Owner Furnish Features : Trash: Yes
  • Unit Owner Furnish Features : Water: Yes
  • Unit Includes : Bathroom: Yes
  • Unit Includes : Kitchen: Yes
  • Unit Includes : Living Room: Yes
  • Unit Includes : Refrigerator: Yes
  • Unit Includes : Stove: Yes
Unit 8
  • Unit Owner Furnish Features : Heat: Yes
  • Unit Owner Furnish Features : Sewer: Yes
  • Unit Owner Furnish Features : Snow Removal: Yes
  • Unit Owner Furnish Features : Trash: Yes
  • Unit Owner Furnish Features : Water: Yes
  • Unit Includes : Bathroom: Yes
  • Unit Includes : Kitchen: Yes
  • Unit Includes : Living Room: Yes
  • Unit Includes : Refrigerator: Yes
  • Unit Includes : Stove: Yes
Rental
Rental Information
  • Land Lease: No
  • Tenant Pays: Hot Water, Internet, Cable TV, Electricity, Gas

Property History for 1011 Union Street

DateEvent & SourcePriceAppreciation
Feb 3, 2026

Listed (Active)

GLOBAL MLS #202611447

$1,695,000—
Feb 3, 2026

Listed (Active)

GLOBAL MLS #202611444

$1,695,000—
Aug 14, 2024

Sold (Public Record)

Public Record #1542395682

$1,200,000

+4.2% / yr

Jul 30, 2024

Expired

GLOBAL MLS #202411301

—
Mar 5, 2024

Withdrawn

GLOBAL MLS #202411301

—
Jan 29, 2024

Listed (Active)

GLOBAL MLS #202411301

$1,500,000—
Jul 8, 2022

Sold (Public Record)

Public Record #1554516940

$1,100,000—
Jul 8, 2022

Sold (Public Record)

Public Record #1494168287

$1,100,000—
Jul 8, 2022

Sold (Public Record)

Public Record #1548715743

$1,100,000

+4.7% / yr

Jun 30, 2022

Sold

GLOBAL MLS #202131945

$1,100,000—
Feb 15, 2022

Pending

GLOBAL MLS #202131945

—
Nov 4, 2021

Listed (Active)

GLOBAL MLS #202131945

$1,150,000—
Mar 8, 2007

Sold (Public Record)

Public Record #240766829

$545,000—
DateEvent & SourcePrice
02/03/2026

Listed (Active)

GLOBAL MLS #202611447

$1,695,000
02/03/2026

Listed (Active)

GLOBAL MLS #202611444

$1,695,000
08/14/2024

Sold (Public Record)

Public Record #1542395682

$1,200,000

+4.2% / yr

07/30/2024

Expired

GLOBAL MLS #202411301

—
03/05/2024

Withdrawn

GLOBAL MLS #202411301

—
01/29/2024

Listed (Active)

GLOBAL MLS #202411301

$1,500,000
07/08/2022

Sold (Public Record)

Public Record #1554516940

$1,100,000
07/08/2022

Sold (Public Record)

Public Record #1494168287

$1,100,000
07/08/2022

Sold (Public Record)

Public Record #1548715743

$1,100,000

+4.7% / yr

06/30/2022

Sold

GLOBAL MLS #202131945

$1,100,000
02/15/2022

Pending

GLOBAL MLS #202131945

—
11/04/2021

Listed (Active)

GLOBAL MLS #202131945

$1,150,000
03/08/2007

Sold (Public Record)

Public Record #240766829

$545,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1011 Union Street

Taxable ValueLand$22,600Additions$400,400Total$423,000
Home Facts
Total Finished SqFt10,809 SqFtAbove Grade Finished SqFt10,809 SqFtUnfinished Basement SqFt3,603 SqFtStories3Lot Size8,073 SqFtStyleMulti-Family Res (5+ Units)Year Built1984Zoning03 - MULTI-FACountySCHENECTADYAPN421500 39.75-1-23

Schools near 1011 Union Street

This home is within Schenectady City School District.
Rating
School
Type
Grades
Distance
Howe Elementary School
Public - PK to 5
Oneida Middle School
Public - 6 to 8
Schenectady High School
Public - 9 to 12
St John The Evangelist
Private - PK to 6
Rating
School
Distance
Howe Elementary School
PublicPK to 5

Oneida Middle School
Public6 to 8

Schenectady High School
Public9 to 12

St John The Evangelist
PrivatePK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1011 Union Street, Schenectady, NY 12308

1011 Union Street is a multi-family home for sale in Schenectady, NY 12308. This listing's school district is Schenectady City School District. Nearby schools include Howe Elementary School, Oneida Middle School and Schenectady High School. 1011 Union Street is a 19-bed, 16-bath, 10,809 sqft multi-family home built in 1984.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Carr Real Estate Group, LLC

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