# 1011 Union Street, Schenectady, NY 12308 > **TL;DR:** 0bd/16ba commercial, $1,590,000 ($147/sqft), built 1984, 10,809 sqft. > Hardwood. Est. $8,504/mo. Listed 272 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $1,590,000 | | Price/sqft | $147 | | Bathrooms | 16 full | | Square Feet | 10,809 | | Year Built | 1984 | | Lot Size | 8,276 sqft (0.19 acres) | | Stories | 3 | | Property Type | Commercial (Other) | | Status | Pending | | Days on Market | 272 | ## Why This Home Stands Out - **Hardwood Floors** - Hardwood flooring listed ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $8,040 | | Estimated Insurance | $464 | | **Total** | **$8,504** | ## Nearby Schools - **Elementary:** Howe International Magnet - **High:** Schenectady ## Key Amenities - Hardwood ## Property Highlights - Built in 1984 - 0.19 acre lot - 3 stories - 18 parking spaces ## Description ### Agent Description Prime 16-Unit Brick Investment Near Union College. Solid all-brick 16-unit multifamily generating $17,780/month in gross rents with a gross annual scheduled rent roll of $213,360. The property features a full sprinkler system on all four levels in common areas, plus a new rubber roof installed in 2022, providing major capital-expense peace of mind. Ideally located within walking distance to Union College, downtown Schenectady, and public transportation, with a bus stop directly across the street, this asset sits squarely in the path of the city's ongoing revitalization. Most apartments feature hardwood floors, and the building is currently in good overall condition. At the asking price, the projected returns place the cap rate in the high-10% range, making this a compelling income play for both seasoned and first-time multifamily investors. Year built is approximate (CRS reflects 1984; believed inaccurate). Expense figures are estimated. There are 16 units with 19 total bedrooms and 51 total rooms. Additional financial details available upon request. See MLS Docs. Invest in Schenectady's resurgence; this is a cash-flowing opportunity you don't want to miss. ## Location - **Address:** 1011 Union Street, Schenectady, NY 12308 - **County:** Schenectady - **Coordinates:** 42.812937, -73.92583 - **Google Maps:** https://www.google.com/maps?q=42.812937,-73.92583 ## Listing Agent - **Name:** Richard Carr · **License:** 10491207486 - **Brokerage:** Carr Real Estate Group - **Broker Phone:** (518) 488-2434 ## Photos ![1011 Union Street - Photo 1](http://lh.rdcpix.com/cf3ddbd7a47b1bb939dbf30a3b510dd0l-f1178601578r.jpg) ![1011 Union Street - Photo 2](http://lh.rdcpix.com/cf3ddbd7a47b1bb939dbf30a3b510dd0l-f370134488r.jpg) ![1011 Union Street - Photo 3](http://lh.rdcpix.com/cf3ddbd7a47b1bb939dbf30a3b510dd0l-f626433029r.jpg) ![1011 Union Street - Photo 4](http://lh.rdcpix.com/cf3ddbd7a47b1bb939dbf30a3b510dd0l-f1183419718r.jpg) ![1011 Union Street - Photo 5](http://lh.rdcpix.com/cf3ddbd7a47b1bb939dbf30a3b510dd0l-f1245161826r.jpg) ![1011 Union Street - Photo 6](http://lh.rdcpix.com/cf3ddbd7a47b1bb939dbf30a3b510dd0l-f1678579387r.jpg) ![1011 Union Street - Photo 7](http://lh.rdcpix.com/cf3ddbd7a47b1bb939dbf30a3b510dd0l-f131246111r.jpg) ![1011 Union Street - Photo 8](http://lh.rdcpix.com/cf3ddbd7a47b1bb939dbf30a3b510dd0l-f2254480489r.jpg) ![1011 Union Street - Photo 9](http://lh.rdcpix.com/cf3ddbd7a47b1bb939dbf30a3b510dd0l-f1364134870r.jpg) ![1011 Union Street - Photo 10](http://lh.rdcpix.com/cf3ddbd7a47b1bb939dbf30a3b510dd0l-f170757990r.jpg) ![1011 Union Street - Photo 11](http://lh.rdcpix.com/cf3ddbd7a47b1bb939dbf30a3b510dd0l-f2721917030r.jpg) ![1011 Union Street - Photo 12](http://lh.rdcpix.com/cf3ddbd7a47b1bb939dbf30a3b510dd0l-f3095101407r.jpg) ![1011 Union Street - Photo 13](http://lh.rdcpix.com/cf3ddbd7a47b1bb939dbf30a3b510dd0l-f4156837051r.jpg) ![1011 Union Street - Photo 14](http://lh.rdcpix.com/cf3ddbd7a47b1bb939dbf30a3b510dd0l-f4214925538r.jpg) ![1011 Union Street - Photo 15](http://lh.rdcpix.com/cf3ddbd7a47b1bb939dbf30a3b510dd0l-f4290452755r.jpg) ![1011 Union Street - Photo 16](http://lh.rdcpix.com/cf3ddbd7a47b1bb939dbf30a3b510dd0l-f2841786281r.jpg) ![1011 Union Street - Photo 17](http://lh.rdcpix.com/cf3ddbd7a47b1bb939dbf30a3b510dd0l-f2260840731r.jpg) ![1011 Union Street - Photo 18](http://lh.rdcpix.com/cf3ddbd7a47b1bb939dbf30a3b510dd0l-f3526210545r.jpg) ![1011 Union Street - Photo 19](http://lh.rdcpix.com/cf3ddbd7a47b1bb939dbf30a3b510dd0l-f1744904953r.jpg) ![1011 Union Street - Photo 20](http://lh.rdcpix.com/cf3ddbd7a47b1bb939dbf30a3b510dd0l-f2721917030r.jpg) ![1011 Union Street - Photo 21](http://lh.rdcpix.com/cf3ddbd7a47b1bb939dbf30a3b510dd0l-f2985222905r.jpg) ![1011 Union Street - Photo 22](http://lh.rdcpix.com/cf3ddbd7a47b1bb939dbf30a3b510dd0l-f308969496r.jpg) ![1011 Union Street - Photo 23](http://lh.rdcpix.com/cf3ddbd7a47b1bb939dbf30a3b510dd0l-f1641502019r.jpg) --- **MLS#:** 202611447 | **Updated:** 2026-10-28 **Source:** listhub *Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/1011-union-street-schenectady-ny-12308-82c0e26c91f842e1ad399fee50a43b5c) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/1011-union-street-schenectady-ny-12308-82c0e26c91f842e1ad399fee50a43b5c#listing", "url": "https://www.propertysimple.ai/listing/1011-union-street-schenectady-ny-12308-82c0e26c91f842e1ad399fee50a43b5c", "name": "1011 Union Street, Schenectady, NY 12308", "description": "Prime 16-Unit Brick Investment Near Union College. Solid all-brick 16-unit multifamily generating $17,780/month in gross rents with a gross annual scheduled rent roll of $213,360. 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