1235 1st Ave Schenectady, NY 12303
Mont Pleasant NeighborhoodEstimated payment $2,287/month
Highlights
- Traditional Architecture
- Full Attic
- Solid Surface Countertops
- Finished Attic
- Corner Lot
- 3-minute walk to Orchard Park
About This Home
1235 First Ave, Schenectady, NY - Two Income-Producing Homes + Four Garages + Vacant Lot
Outstanding investment opportunity offering multiple income streams on one parcel, with an adjacent vacant lot (Tax ID 421500 49.38-2-10) included in the sale.
The front structure is a traditional-style building with three levels of living space, providing flexible rental configurations. A detached 1.5-story cottage at the rear of the property includes 2 bedrooms and 1 bath, ideal for an additional rental unit or long-term tenant.
The property also includes four garages that can generate supplemental rental income. All utilities are individually metered, minimizing owner expenses. Shared basement laundry area offers two washers and two dryers for tenant use.
The owner currently covers water, sewer, grounds maintenance, and trash removal. With separate meters and steady rental demand in the area, this property is positioned for a potential return of 10% or higher.
Investment Highlights:
•Two detached income-producing dwellings on one lot
•Four garages for additional rent potential
•Separate gas/electric meters for each unit
•Shared laundry (2 washers / 2 dryers)
•Owner pays water, sewer, trash, and grounds
•Includes adjacent vacant lot (Tax ID 421500 49.38-2-10)
•Strong rental market and consistent occupancy area
•Estimated RoR: 10%+ potential
Rare to find this combination of multiple structures, parking, and an extra parcel—all in a convenient Schenectady location close to major routes, shopping, and employment centers.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,618
Year Built
- Built in 1901
Lot Details
- 7,841 Sq Ft Lot
- Corner Lot
- Level Lot
Parking
- 4 Car Detached Garage
- Open Parking
- Off-Street Parking
Home Design
- Quadruplex
- Traditional Architecture
- Stone Foundation
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 3,528 Sq Ft Home
- 3-Story Property
- Solid Surface Countertops
Flooring
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 10 Bedrooms
- Bathroom on Main Level
- 4 Full Bathrooms
Attic
- Full Attic
- Finished Attic
Unfinished Basement
- Basement Fills Entire Space Under The House
- Laundry in Basement
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Front Porch
Schools
- Schenectady High School
Utilities
- No Cooling
- Baseboard Heating
- Cable TV Available
Community Details
- No Home Owners Association
- 4 Units
Listing and Financial Details
- The owner pays for trash collection, sewer, snow removal, water, grounds care
- Legal Lot and Block 11.000 / 2
- Assessor Parcel Number 421500 49.38-2-11
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $8,416 | $123,400 | $18,500 | $104,900 |
| 2023 | $81 | $123,400 | $18,500 | $104,900 |
| 2022 | $7,757 | $123,400 | $18,500 | $104,900 |
| 2021 | $7,670 | $123,400 | $18,500 | $104,900 |
| 2020 | $7,500 | $123,400 | $18,500 | $104,900 |
| 2019 | $7,537 | $123,400 | $18,500 | $104,900 |
| 2018 | $7,537 | $123,400 | $18,500 | $104,900 |
| 2017 | $7,549 | $123,400 | $18,500 | $104,900 |
| 2016 | $7,653 | $123,400 | $18,500 | $104,900 |
| 2015 | -- | $123,400 | $18,500 | $104,900 |
| 2014 | -- | $123,400 | $18,500 | $104,900 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/16/2025 11/16/25 | Pending | -- | -- | -- |
| 10/25/2025 10/25/25 | For Sale | $319,000 | -- | $90 / Sq Ft |
Source: Global MLS
MLS Number: 202528474
APN: 421500 49.38-2-11
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
Local REALTOR® - Todd Siegel, Broker - (888)-952-6393