Skip To Content

1405 State Street

Schenectady, NY 12304
  • $350,000
  • STATUS: Active
  • MLS #: 202612235
UPDATED: 55 min ago
$350,000
  • 6
    BEDS
  • 0.08
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,136
    SQFT
  • $112
    $/SQFT
Type:
Multi-Family
Built:
1984
County:
Area:

School Information

High School:
School District:

Description

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!

Monthly Payment Calculator



© 2026 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. 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 they may be interested in purchasing. Data last updated 2026-03-14T00:11:59.317.
www.heerrealty.com/homes/173188055
Print Image

1405 State Street Schenectady, NY 12304

  • Price: $350,000
  • Status: Active
  • On Site: Days
  • Updated: 55 min ago
  • MLS #: 202612235
6
Beds
4
Baths
0
½ Baths
0.08
Acres
3,136
SQFT
$112
$/SQFT
1984
Built
County:
Schenectady
Area:
Schenectady
High School:
Schenectady
School District:
Schenectady
Property Description
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!
Exterior Features

Architectural Style Other Construction Materials Vinyl Siding Door Features [] Exterior Features Other Fencing [] Foundation Details [] Lot Features [] Other Structures [] Parking Features [] Patio And Porch Features Front Porch Pool Features [] Roof Slate View [] Waterfront Features [] Waterfront YN No Window Features []

Interior Features

Basement Full Cooling None Cooling YN No Fireplace Features [] Flooring Ceramic TileHardwoodLaminate Heating Forced AirHot WaterNatural Gas Heating YN Yes Interior Features [] Laundry Features []

Property Features

Accessibility Features [] Association Amenities [] Association Fee Includes [] Association YN No Electric [] Green Energy Efficient [] Green Energy Generation [] Green Indoor Air Quality [] Listing Terms [] New Construction YN No Other Equipment [] Owner Pays Gas Property Condition [] Property Sub Type Quadruplex Security Features [] Sewer Public Sewer Special Listing Conditions Standard Tenant Pays [] Utilities [] Water Source Public

Listing information © 2026 Global MLS.
Listing provided courtesy of Christine Serafini of Miranda Real Estate Group Inc: 518-356-1701.



© 2026 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. 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 they may be interested in purchasing. Data last updated 2026-03-14T00:11:59.317.
 
https://bt-photos.global.ssl.fastly.net/capital/orig_boomver_1_202612235-2.jpg
Logo
Heer Realty, Inc.
314 Hoosick Street
Troy NY, 12180