REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Fri

Nov

Sat

Nov

Sun

Nov

Listed by Katherine E King • Julie & Co Realty LLC

$ 319,000

Est. payment -/mo

Save

Pending

1235 First Avenue Schenectady, NY 12303

10 Beds

4 Baths

3,528 SqFt

UPDATED:

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

HOA Y/N No

Year Built 1901

Annual Tax Amount $7,618

Lot Size 7,840 Sqft

Acres 0.18

Property Sub-Type Quadruplex

Source Global MLS

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

Direction From Broadway take Congress St, then take a left onto 2nd Ave to Spring st take left on Spring st to 1st Ave. house in on right.

Interior

Interior Features Solid Surface Counters

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

Porch Rear Porch, Front Porch

Building

Lot Description Level, Corner Lot

Sewer Public Sewer

Water Public

Architectural Style Traditional, Other

Schools

School District Schenectady

Others

Tax ID 421500 49.38-2-11

Special Listing Condition Standard

Inglenook Realty, Inc.

Broker | License ID: 109931319

+1(518) 882-6236

GET MORE INFORMATION

Name

Email*

Phone*

Message

By creating an account, you acknowledge & agree that your activity on our site will be saved to your profile & accessible to Inglenook Realty, Inc. You consent to receive property alerts & marketing communications, including emails, phone calls, video updates, & text messages. You may opt-out at any time.

Homes For Sale Quick Search