1235 First Avenue Pending Save Request In-Person Tour Request Virtual Tour
Schenectady,NY 12303
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Square Footage 3,528 sqft
Price per Sqft $90
MLS Listing ID 202528474
Bedrooms 10
Full Baths 4
Year Built 1901
Annual Tax Amount $7,618
Lot Size 7,840 Sqft
Property Sub-Type Quadruplex
Property Description
1235 First Ave, Schenectady, NY - Two Income-Producing Homes + Four Garages + Vacant Lot
Outstanding investment opportunity offering multiple income streams on one parcel, with an adjacent vacant lot (Tax ID 421500 49.38-2-10) included in the sale.
The front structure is a traditional-style building with three levels of living space, providing flexible rental configurations. A detached 1.5-story cottage at the rear of the property includes 2 bedrooms and 1 bath, ideal for an additional rental unit or long-term tenant.
The property also includes four garages that can generate supplemental rental income. All utilities are individually metered, minimizing owner expenses. Shared basement laundry area offers two washers and two dryers for tenant use.
The owner currently covers water, sewer, grounds maintenance, and trash removal. With separate meters and steady rental demand in the area, this property is positioned for a potential return of 10% or higher.
Investment Highlights:
• Two detached income-producing dwellings on one lot
• Four garages for additional rent potential
• Separate gas/electric meters for each unit
• Shared laundry (2 washers / 2 dryers)
• Owner pays water, sewer, trash, and grounds
• Includes adjacent vacant lot (Tax ID 421500 49.38-2-10)
• Strong rental market and consistent occupancy area
• Estimated RoR: 10%+ potential
Rare to find this combination of multiple structures, parking, and an extra parcel—all in a convenient Schenectady location close to major routes, shopping, and employment centers.
Location
State NY
County Schenectady
Interior
Heating Baseboard
Flooring Vinyl,Tile,Carpet
Exterior
Exterior Feature None
Parking Features Off Street,Paved,Detached,Garage
Garage Spaces 4.0
Utilities Available Cable Available
Roof Type Shingle
Building
Lot Description Level,Corner Lot
Sewer Public Sewer
Water Public
Schools
School District Schenectady
Others
Special Listing Condition Standard