Sharon FronkRealtor® · Howard Hanna
LoadingActive
New Listing
$750,000
4 River Street
Schenectady, NY 12305 · Schenectady County
12Beds
6.5Baths
5,829Sq Ft
0.18 acresLot Size
1950Year Built
$129Per Sq Ft
Est. P&I $3,792/moGet pre-qualified
Multi-Family New today
MLS# 202625284 Updated just now
Sharon’s Take
This six-unit multifamily property in Schenectady is fully occupied and generates rental income across 5,829 square feet of space built in 1950. Each unit has separate electric metering and its own hot water tank, simplifying tenant utility management. The lot includes ample parking and sits within roughly 250 feet of the ALCO Heritage Trail, a local recreational asset. Located in a city anchored by Union College and a revitalized downtown core, the property offers investors a turnkey income stream with potential for increased returns through market-rate rent adjustments.
Sharon Fronk · Howard Hanna Capital Region
About this property
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.
Is it priced right?
The price signals we can read on this listing today. For a true sense of value against recent Schenectady sales, Sharon will pull the comparable closings and walk you through them.
Price per sq ft
$129
Days on market
New today
Fresh listing
Year built
1950
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21 facts pulled straight from the MLS listing.
Overview
Property TypeMulti-Family
Sub-TypeMulti Family
Year Built1950
StatusActive
MLS Number202625284
ListedSeptember 2, 2026
Interior
Bedrooms12
Bathrooms6 full, 1 half
Living Area5,829 sq ft
Interior Features
Full Unfinished BasementElectric
Exterior & Lot
Lot Size0.18 acres
Exterior Features
WaterfrontOther
Building & Construction
Construction
Brick
Financial
List Price$750,000
Price per Sq Ft$129
Est. Monthly P&I$3,792/mo
Location
CountySchenectady
School DistrictSchenectady
Listing Details
Listed ByCraig Clermont of Carrow Real Estate Services LLC
Data SourceSpark Platform / Global MLS
Last UpdatedSep 2, 2026
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- Start4 River Street, Schenectady, NY 12305
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Schools
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Schenectady
Assigned school district
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About Schenectady, NY
Schenectady is in Schenectady County, NY. There are currently 190 active listings here, ranging from $19,000 to $156,200,000. Listings in this address fall under the Schenectady school district. Priced 168% above the Schenectady median of $279,900.
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Sharon represents buyers for this property. Your tour, offer, and inquiries go through her, not the listing brokerage.
Carrow Real Estate Services LLC · Listed by Craig Clermont (38453)
Contact: 518-369-2729
MLS #202625284 · Source: Global MLS, Inc.
IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Sharon Fronk Real Estate is committed to compliance with the Fair Housing Act and provides equal opportunity in housing.
