1405 State St

Schenectady, NY 12304

$350,000
Price
6
Beds
3,136 Sq. Ft.
$112 / Sq. Ft.
3,136
Sq. Ft.
$112
per Sq. Ft.
Get preapproved with Rocket Mortgage1
IMG_8198
IMG_8169

Description

Fantastic investment opportunity! Investor owned for 20 years and now it is someone else's turn! This well-maintained 4-unit building offers strong positive cash flow in a prime location on the bus line. The property consists of two 1-bedroom apartments and two 2-bedroom apartments, with room to grow to market rents and increase your return. Each spacious unit features large rooms, eat-in kitchens, beautiful woodwork with classic columns and built-ins, hardwood floors, bay windows, and ceramic tile...Fantastic investment opportunity! Investor owned for 20 years and now it is someone else's turn! This well-maintained 4-unit building offers strong positive cash flow in a prime location on the bus line. The property consists of two 1-bedroom apartments and two 2-bedroom apartments, with room to grow to market rents and increase your return. Each spacious unit features large rooms, eat-in kitchens, beautiful woodwork with classic columns and built-ins, hardwood floors, bay windows, and ceramic tile finishes. Tenants pay their own hot water and electric, while the owner provides heat, currently on a NIMO budget plan of just $298/month, keeping expenses predictable and manageable. Gas hot water radiators provide efficient heating. Additional highlights include a roof that is only 3 years old, vinyl siding, and separate utilities. Conveniently located near shopping, dining, and major routes, this property offers both solid income and long-term upside. A turnkey addition to any investor's portfolio with built-in value-add potential!
  1. Listed by Christine M Serafini • Miranda Real Estate Group Inc
    P: (518)-514-8830 C: (518)-514-8830 SerafiniSellsHomes@gmail.com

Property Details for 1405 State Street

Architectural Style
Other
Waterfront
No
LISTING UPDATED: 03/02/2026 01:30 PM

Property Details for 1405 State Street

StatusActive
MLS #202612235
Days on Market34
Taxes$7,422 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Quadruplex
Year Built1984
Lot Size0.08 AC / 3,484 SF
CountySchenectady County
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of Miranda Real Estate Group Inc
Add your commute

Building Information for 1405 State Street

Stories-Residences4Year Built1984Building Size-Lot Size0.08 AC / 3,484 SF

Payment Calculator

Get preapproved with Rocket Mortgage1

$2,317 per month

30 year fixed, 6.11% Interest

Principal and Interest

$1,699

Property Taxes

$619

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 1405 State Street

Summary
Location and General Information
  • Postal City: Schenectady
  • Directions: 90 W to 890. Exit Michigan. Right to State St. Between Haigh Ave & N. Robinson St.
  • City: Schenectady
  • State Or Province: NY
  • Postal Code: 12304
  • County Or Parish: Schenectady
  • Latitude: 42.80
  • Longitude: -73.92
Taxes and HOA
  • Association Fee: $.00
  • Association: No
  • Tax Lot: 45.000
  • Tax Block: 3
  • Parcel Number: 421500 49.60-3-45
  • Tax Tract: 49.60
  • Tax Annual Amount: $7,421.98
Parking
  • GarageSpaces: .00
School Information
  • School District: Schenectady
  • High School: Schenectady
Property
Property and Assessments
  • Possession: At Closing
  • Property Type: MultiFamily
  • Property Type Label: MultiFamily
Lot Information
  • Year Built: 1984
  • Lot Size Dimensions: 35X105
  • New Construction: No
  • Above Grade Finished Area: 3136.0
  • Above Grade Finished Area Source: CRS
  • Below Grade Finished Area: 0.0
  • Below Grade Finished Area Source: CRS
  • Lot Size Acres: 0.08
  • Lot Size Area: 0.08
  • Lot Size Units: Acres
  • Lot Size Square Feet: 3484.8
Building Information
  • Living Area: 3136.0
Utilities
  • Water Source: Public
  • Separate Utilities : Water Heater: Yes
Interior and Exterior Features
Exterior Features
  • Patio And Porch Features: Front Porch
  • Exterior Features: Other
Interior Features
  • Heating: Forced Air, Hot Water, Natural Gas
  • Roof: Slate
  • Flooring: Ceramic Tile, Hardwood, Laminate
  • Basement: Full
  • Construction Materials: Vinyl Siding
  • Cooling: None
  • Cooling: No
  • Heating: Yes
  • Attic Features : Walk-Up: Yes
Room Information
Bathrooms
  • Bathrooms Total Integer: 4
  • Bathrooms Total Decimal: 4.00
  • Bathrooms Total Notational: 4.00
  • Bedrooms Total: 6
  • Bathrooms Full: 4
  • Bathrooms Half: 0
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
  • Unit Information : Number Of Refrigerators: 4
  • Unit Information : Number Of Stoves: 4
Income & Expenses Information
  • Insurance Expense: $2,000.00
  • Fuel Expense: $298.00
  • Income And Expenses : Rental Income: $3,000.00
  • Income And Expenses : Rental Income Description: Monthly
  • Income And Expenses : Total Income: $3,600.00
  • Income And Expenses : Total Income Description: Actual
  • Income And Expenses : Gas Expense: $298.00
  • Income And Expenses : Gas Expense Description: Actual
  • Income And Expenses : Insurance Expense: $2,000.00
  • Income And Expenses : Insurance Expense Description: Estimated
  • Fuel Cost Description : Budget-GasElectric: Yes
Unit Information
Unit 1
  • Unit Detail : Total Bedrooms: 2
  • Unit Detail : Total Full Baths: 1
  • Unit Appliances : Range: Yes
  • Unit Appliances : Refrigerator: Yes
  • Unit Owner Furnish Features : Electricity: Yes
  • Unit Owner Furnish Features : Hot 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
  • Rent: $700.00
  • Unit Detail : Total Bedrooms: 1
  • Unit Detail : Total Full Baths: 1
  • Unit Appliances : Range: Yes
  • Unit Appliances : Refrigerator: Yes
Unit 3
  • Rent: $800.00
  • Unit Owner Furnish Features : Electricity: Yes
  • Unit Owner Furnish Features : Hot Water: Yes
  • Unit Includes : Bathroom: Yes
  • Unit Includes : Kitchen: Yes
  • Unit Includes : Living Room: Yes
  • Unit Includes : Refrigerator: Yes
  • Unit Includes : Stove: Yes
  • Unit Detail : Total Bedrooms: 2
  • Unit Detail : Total Full Baths: 1
  • Unit Appliances : Range: Yes
  • Unit Appliances : Refrigerator: Yes
Unit 4
  • Rent: $700.00
  • Unit Owner Furnish Features : Electricity: Yes
  • Unit Owner Furnish Features : Hot Water: Yes
  • Unit Includes : Bathroom: Yes
  • Unit Includes : Kitchen: Yes
  • Unit Includes : Living Room: Yes
  • Unit Includes : Refrigerator: Yes
  • Unit Includes : Stove: Yes
  • Unit Detail : Total Bedrooms: 1
  • Unit Detail : Total Full Baths: 1
  • Unit Appliances : Range: Yes
  • Unit Appliances : Refrigerator: Yes
Rental
Rental Information
  • Owner Pays: Gas

Property History for 1405 State Street

DateEvent & SourcePriceAppreciation
Feb 19, 2026

Listed (Active)

GLOBAL MLS #202612235

$350,000—
Nov 11, 2005

Sold

GLOBAL MLS #25114062

$129,500—
Nov 10, 2005

Sold (Public Record)

Public Record #240762238

$129,500—
Aug 23, 2005

Pending

GLOBAL MLS #25114062

—
Aug 1, 2005

Listed (Active)

GLOBAL MLS #25114062

$119,900—
DateEvent & SourcePrice
02/19/2026

Listed (Active)

GLOBAL MLS #202612235

$350,000
11/11/2005

Sold

GLOBAL MLS #25114062

$129,500
11/10/2005

Sold (Public Record)

Public Record #240762238

$129,500
08/23/2005

Pending

GLOBAL MLS #25114062

—
08/01/2005

Listed (Active)

GLOBAL MLS #25114062

$119,900

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

Public Records for 1405 State Street

Taxable ValueLand$11,400Additions$117,000Total$128,400
Home Facts
Total Finished SqFt3,136 SqFtAbove Grade Finished SqFt3,136 SqFtUnfinished Basement SqFt1,568 SqFtStories2Lot Size3,675 SqFtStyleMulti-Family Res (5+ Units)Year Built1984Zoning03 - MULTI-FACountySCHENECTADYAPN421500 49.60-3-45

Schools near 1405 State Street

This home is within Schenectady City School District.
Rating
School
Type
Grades
Distance
Paige Elementary School
Public - PK to 5
Central Park International Magnet School
Public - 6 to 8
Schenectady High School
Public - 9 to 12
Tree of Life Christian Academy
Private - PK to 6
Rating
School
Distance
Paige Elementary School
PublicPK to 5

Central Park International Magnet School
Public6 to 8

Schenectady High School
Public9 to 12

Tree of Life Christian Academy
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.

Similar Homes

Similar Sold Homes

Explore Nearby Homes

More information about 1405 State Street, Schenectady, NY 12304

1405 State Street is a multi-family home for sale in Schenectady, NY 12304. This property was listed for sale on February 19, 2026 by Miranda Real Estate Group Inc, it's currently listed at $350,000. It has been on the market for a total of 34 days and was last sold on November 11, 2005. This listing's school district is Schenectady City School District. Nearby schools include Paige Elementary School, Central Park International Magnet School and Schenectady High School. 1405 State Street is a 6-bed, 4-bath, 3,136 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 Miranda Real Estate Group Inc

©2026 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.