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Exceptional investment opportunity in Schenectady's highly desirable Upper Union Street corridor! This stately mansion-style 10-unit apartment building offers strong income potential and positive cash flow and tenants pay their own heat and electric. The property features nine 1-bedroom apartments and one spacious 3-bedroom, 2-bath unit with central air, providing a great mix of rental options with one furnished turn-key unit. This beautiful building showcases classic character throughout, including original moldings, hardwood floors, beamed ceilings, stained glass, and a grand foyer, while offering modern updates that tenants appreciate. Many units feature granite countertops, updated kitchen cabinetry, and ceramic tile baths, and all apartments are filled with natural light and timeless architectural charm. Major improvements include updated mechanicals, separate electric meters, and a newer roof, making this a solid addition to any investment portfolio. The property also offers coin-operated laundry, a private paved parking lot with 10 off-street parking spaces, and a bus stop conveniently located nearby. With long-term tenants already in place, this property provides immediate income with room for continued growth. Offered together with the neighboring 5-unit building at 920 McClellan Street, creating a 15-unit portfolio opportunity with strong cash flow potential. Financials available upon request.
| DAYS ON MARKET | 4 | LAST UPDATED | 3/13/2026 |
|---|---|---|---|
| YEAR BUILT | 1996 | COUNTY | Schenectady |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| School District | 000000 |
|---|
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| BASEMENT | Finished, Full, Yes |
| CONSTRUCTION | Wood Siding |
| HEAT | Baseboard, Electric, Forced Air, Natural Gas |
| LOT | 10454 sq ft |
| SEWER | Public Sewer |
| STYLE | Apartment |
| TAXES | 11970 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Christine M Serafini, Miranda Real Estate Group Inc
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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 consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.
Copyright© 2026 by the NY State MLS, Inc. All Rights Reserved
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