David E. Cornwell
Licensed Real Estate Salesperson
REALTOR®
Walton, NY
Office: (607) 865-7000 (607) 437-8941

4 River Street, Schenectady, NY 12305

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Property Description

Well-Maintained 6-Unit Multifamily Investment Opportunity -- $750,000Fully 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.

4 River Street | MLS# 202625284

This multi-family property located at 4 River Street, Schenectady, NY 12305 is currently listed for sale with an asking price of $750,000. River Street is located within the Schenectady school district. Search Schenectady real estate on david-cornwell.timberlandproperties.com today.

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Property Features

Property Type: Multi Unit - Multiple
Basement: Full, Unfinished
Basement: Yes
Cooling: None
Heating: Electric
Home Style: Apartment 4 Plus Unit
Lot Size: 0.18 Acres
Taxes: $15,721
Year Built: 1950

Feature Descriptions

Body of Water: Erie Canal
Body of Water: Erie Canal
Days on Site: 4
Exterior: None
Exterior: Brick
Parcel #: 421500 39.56-2-11.1
Sewer: Public Sewer
SQFT Above Grade Finished: 5829
Water: Public
Waterfront: Other

Local Schools

High School: Schenectady
School District: Schenectady

Estimate Your Payment

Estimated Payment

$ 3,198.01 per month $1,669.17 Principal & Interest $1,310.08 Property Tax $218.75 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Demographics

Listed By / Shown By

Listing By

Agency Name: Carrow Real Estate Services LLC
Agency Phone: 1 518-462-7491

Shown By

Agent Name: David E. Cornwell
Agent Phone: (607) 437-8941
Agency Title: Timberland Properties

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All information is deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither broker(s), nor agent(s) shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless. Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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. Information on this site was last updated 09/07/2026. The listing information on this page last changed on 09/07/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 09/07/2026 1:03:34 AM EST) or Global MLS (last updated Mon 09/07/2026 12:52:18 AM EST) or New York State Alliance MLS (last updated Mon 09/07/2026 12:58:57 AM EST) or Hudson Valley Catskill Region MLS (last updated Mon 09/07/2026 12:11:13 AM EST) or OneKey MLS (last updated Mon 09/07/2026 12:56:21 AM EST). Real estate listings held by brokerage firms other than Timberland Properties may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

All information is deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither broker(s), nor agent(s) shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless.

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