For sale
$259,000
Multifamily property
2,304 SF building0.11 acres lot
$112/SF (asking price ÷ building area)
- Parking reported
1017 Chrisler AvenueSchenectady, NY 12303
Listing courtesy of Miranda Real Estate Group Inc · MyStateMLS #12045411
Under contractReduced $5,000 from $369,000Virtual tour
$364,000
1,804 SF building0.12 acre lotBuilt 1984
1595 Union StreetSchenectady, NY 12309
Multifamily property · MLS 11937082 · Listed 82 days ago (Aug 14, 2026)
Under contract: The seller has accepted an offer with conditions. Some sellers still accept backup offers.
About this property
Turnkey opportunity in Schenectady's Upper Union Street corridor. This quadruplex offers four separate one bedroom, one bath units, two on the first floor and two on the second, each with its own kitchen, living space with combined dining area, full bath, refrigerator, and range. Recent updates throughout include fresh paint, new flooring, updated kitchens, and modernized baths, so the work is already done for you. The property offers an estimated 13.9% cap rate, well above the average cap rate typically seen across New York's Capital Region, representing a strong income producing return. Parking is a standout, with a driveway, a 2 car garage, and additional parking behind the building for an estimated 6 to 8 total spaces. Four separate electric meters and four separate water meters keep utilities simple. Additional features include an unfinished basement with laundry, a level 0.12 acre lot with chain link fenced back yard, a storage shed, forced air heat, and asphalt shingle roof. Close to the Upper Union Street shops and restaurants with quick access to I 890, Route 7, and the Thruway. Showings through showing service. Taxes are estimated. All figures are estimates and should be independently verified by buyer.
Description provided by the listing brokerage.
Key facts
- Asking price
- $364,000
- Original list price
- $369,000
- Status
- Under contract
- Property type
- MultifamilyFrom the MLS property class
- Building area
- 1,804 SFSource field LivingArea
- Land area
- 0.12 acresSource field LotSizeAcres
- Year built
- 1984
- MLS number
- 11937082
Facts are reported by the listing brokerage. Items not listed were not provided; that does not mean the property lacks them or that they are zero.
Price
- Asking price
- $364,000
- Price per SF of building
- $202/SFAsking price ÷ 1,804 SF reported building area
- Annual taxes
- $7,345
Building and site
- Units
- 4Source field NumberOfUnitsTotal
- County
- Schenectady County
Investment figures reported in the description
- Cap rate
- 13.9% (actual or pro forma not stated)"…property offers an estimated 13.9% cap rate, well above the average…"
These figures are as written by the listing agent, without a stated period or supporting statements. Commercial Only does not calculate or verify them. Ask for rent rolls, operating statements and leases before relying on any figure.
Reported features
- Public water (from a listing field)
A mention is not a specification. Confirm power, clear height, doors, parking and code compliance for your use with the listing representative and your own advisers.
Listing details
Flooring
- Vinyl
- Tile
Basement
- Unfinished
- Finished
Heating
- Forced Air
- Oil
Construction
- Aluminum
Roof
- Asphalt
Water
- Public (Water Source)
Sewer
- Other
Virtual tours and video
Location
The pin is the listing's reported coordinates and may be approximate. It is not a parcel boundary or survey and says nothing about access rights, easements or flood zones. See more listings in Schenectady or multifamily property in Schenectady.
Why this listing is on Commercial Only
- Multi-unit income property class. (PropertyTypeDetail: multi-unit)
How listings qualify. Something wrong? Report it.
Price and status history
- Original list price reported by the brokerage: $369,000
Changes observed by Commercial Only in MyStateMLS data since Nov 3, 2026. This is not a public-record sales or lease history.
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Guides
Listing courtesy of Miranda Real Estate Group Inc. Listing agent: Moonrani Gumani. Listings provided by MyStateMLS.
Listing last modified at the source Oct 22, 2026, 11:50 AM UTC. Commercial Only last confirmed MyStateMLS data Nov 4, 2026, 3:31 AM UTC. Information is deemed reliable but not guaranteed; verify all details with the listing representative.