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About This Home
This 6-bedroom, 4-bathroom residential multi family at 1405 State Street in Schenectady, NY is listed for $350,000 ($112 per sqft). Built in 1984, the home offers 3,136 sqft of living space on a 0.08 acres lot.
Fantastic investment opportunity! Investor owned for 20 years and now it is someone else's turn! This well-maintained 4-unit building offers strong positive cash flow in a prime location on the bus line. The property consists of two 1-bedroom apartments and two 2-bedroom apartments, with room to grow to market rents and increase your return.
Each spacious unit features large rooms, eat-in kitchens, beautiful woodwork with classic columns and built-ins, hardwood floors, bay windows, and ceramic tile finishes. Tenants pay their own hot water and electric, while the owner provides heat, currently on a NIMO budget plan of just $298/month, keeping expenses predictable and manageable.
Gas hot water radiators provide efficient heating. Additional highlights include a roof that is only 3 years old, vinyl siding, and separate utilities. Conveniently located near shopping, dining, and major routes, this property offers both solid income and long-term upside. A turnkey addition to any investor's portfolio with built-in value-add potential!
Key Features
- Built in 1984
- 0.08 acre lot
Property Details
Amenities
Monthly Cost Estimate
$1,872/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1405 State Street
Schenectady, NY 12304
Property Details
Flooring
Construction
Parking
Heating
Questions & Answers
This 6-bedroom, 4-bathroom residential multi family at 1405 State Street is listed at $350,000 ($112/sqft). The estimated monthly payment is $1,517 based on 20% down at 6.5% interest.
Key features include: Built in 1984, 0.08 acre lot.
This property is listed by Christine Serafini and can be reached at 5185148830 or SerafiniSellsHomes@gmail.com.
