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4 River Street

Schenectady, NY 12305

Active

$750,000

Listing by:
Craig Clermont
Carrow Real Estate Services LLC
518-369-2729

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.

$750,000
12.0
Bedrooms
6
Bathrooms
5,829
Sq. Ft.
$ 129
$/Sq. Ft.
0.18
Acres
Year Built:
1950
County:
Schenectady
School District:
Schenectady
Acres:
0.18
Listing Agent:
Craig Clermont
Listing Office:
Carrow Real Estate Services LLC
CONTACT A
BUYER'S AGENT

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Features

Square Feet: 5,829
Town: Schenectady
Bedrooms: 12
Full Bathrooms: 6
Estimated Taxes: $15,722
Lake/River: Erie Canal
Water: Public
Sewer: Public Sewer
Heat: Electric
Garage: 0
Property Style: Apartment 4 Plus Unit
Exterior: Brick
Exterior Features: None
Cooling: None
Parking Spaces: 0

Location



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