Estimated payment $5,545/month
Highlights
- Waterfront
- No HOA
- Electric Baseboard Heater
- 0.18 Acre Lot
- Bathroom on Main Level
- 3-minute walk to Front Street Park
About This Home
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.
Listing Agent
Carrow Real Estate Services LLC License #10401382252 Listed on: 09/02/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,722
Year Built
- Built in 1950
Lot Details
- 7,841 Sq Ft Lot
- Waterfront
Home Design
- Brick Exterior Construction
Interior Spaces
- 5,829 Sq Ft Home
- Unfinished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 12 Bedrooms
- Bathroom on Main Level
Schools
- Schenectady High School
Utilities
- No Cooling
- Electric Baseboard Heater
Community Details
- No Home Owners Association
- 6 Units
Listing and Financial Details
- Legal Lot and Block 11.001 / 2
- Assessor Parcel Number 421500 39.56-2-11.1
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $15,877 | $387,800 | $25,400 | $362,400 |
| 2024 | $15,877 | $387,800 | $25,400 | $362,400 |
| 2023 | $156 | $387,800 | $25,400 | $362,400 |
| 2022 | $15,927 | $387,800 | $25,400 | $362,400 |
| 2021 | $15,939 | $387,800 | $25,400 | $362,400 |
| 2020 | $13,220 | $387,800 | $25,400 | $362,400 |
| 2019 | $5,184 | $387,800 | $25,400 | $362,400 |
| 2018 | $10,751 | $262,400 | $25,400 | $237,000 |
| 2017 | $0 | $262,400 | $25,400 | $237,000 |
| 2016 | $5,218 | $262,400 | $25,400 | $237,000 |
| 2015 | -- | $262,400 | $25,400 | $237,000 |
| 2014 | -- | $262,400 | $25,400 | $237,000 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/02/2026 09/02/26 | For Sale | $750,000 | -- | $129 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $90,000 | None Available | |
| Deed | $150,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $16,344 | New Conventional |
Source: Global MLS
MLS Number: 202625284
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Local REALTOR® - Todd Siegel, Broker - (888)-952-6393
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