1011 Union Street, Schenectady, NY 12308
PENDING

1011 Union Street
Schenectady, NY 12308

Union Street
  • 19 Beds
  • 16 Baths
  • 10,809 sqft

$1,590,000

Est. Mortgage $10,858/mo*
Get Pre-Qualified

$1,590,000

Est. Mortgage $10,858/mo*
Get Pre-Qualified
19 Beds
16 Baths
10,809 sqft

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

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 all 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, tiled bathrooms 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. Additional financial details available upon request. Invest in Schenectady's resurgence; this is a cash-flowing opportunity you don't want to miss.

Home Highlights

Parking
None
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$147
Listed
56 days ago
Last check for updates: about 2 hours ago
Listing by: Carr Real Estate Group, LLC, (518) 488-2434
Richard Carr, (518) 488-2434
Source: Global MLS, MLS#202611444
Also Listed on Global MLS.

Home Details for 1011 Union Street

Active Status

MLS Status: Pending

Interior Features

Interior Details
Basement: Exterior Entry,Full,Heated,Interior Entry,Unfinished,Walk-Out Access
Beds & Baths
Number of Bedrooms: 19Number of Bathrooms: 16Number of Bathrooms (full): 16
Dimensions and Layout
Living Area: 10809 Square Feet
Appliances & Utilities
Utilities: Cable Connected
Heating & Cooling
Heating: Baseboard,Electric,Forced Air,Zoned,Natural GasHas CoolingAir Conditioning: Window Unit(s)Has HeatingHeating Fuel: Baseboard
Fireplace & Spa
No Spa
Gas & Electric
Electric: Single Phase, 220 Volts, Circuit Breakers
Windows, Doors, Floors & Walls
Flooring: Vinyl, Tile, Ceramic Tile, Hardwood
Levels, Entrance, & Accessibility
Floors: Vinyl, Tile, Ceramic Tile, Hardwood
Security
Security: Fire Sprinkler System, Fire Escape, Security Lights, Smoke Detector(s), 24 Hour Security, Building Security, Carbon Monoxide Detector(s), Closed Circuit Camera(s), Fire Alarm

Exterior Features

Exterior Home Features
Roof: RubberOther Structures: NoneExterior: NoneFoundation: Concrete Perimeter
Parking & Garage
No CarportNo GarageParking Spaces: 18Parking: None
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer
Finished Area
Finished Area (above surface): 10809 Square Feet

Days on Market

Days on Market: 56

Property Information

Year Built
Year Built: 1984
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family, ApartmentStructure Type: Low Rise, Apartment 4 Plus UnitArchitecture: Low Rise,Apartment 4 Plus Unit
Building
Construction Materials: BrickAttached To Another Structure
Property Information
Parcel Number: 421500 39.75123

Price & Status

Price
List Price: $1,590,000Price Per Sqft: $147
Status Change & Dates
Off Market Date: Tue Jun 02 2026Possession Timing: Close Of Escrow

Media

Location

Direction & Address
City: Schenectady
School Information
Elementary School: Howe International MagnetHigh School: SchenectadyHigh School District: Schenectady

Agent Information

Listing Agent
Listing ID: 202611444

Building

Building Area
Building Area: 10809 Square Feet

HOA

No HOA

Lot Information

Lot Area: 8276.4 sqft

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Owner Concession

Mobile R/V

Mobile Home Park
Mobile Home Units: Feet

Business

Expense
Tenant Pays: Hot Water, Internet, Cable TV, Electricity, Gas

Miscellaneous

BasementMls Number: 202611444Above Grade Unfinished Area: 10809Showing Requirements: No Sign, Lockbox, Occupied, Security System, Showing Service, 24 Hour Notice

Market trends in Schenectady

Last updated April 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$301K
$5KMoM
Sale-to-List Price
100.2%
Price per sq ft
$192
$1MoM
Available listings
258
35MoM

Price History for 1011 Union Street

DatePriceEventSource
06/05/2026$1,590,000PendingGlobal MLS #202611444
04/17/2026$1,590,000PriceChange
Global MLS #202611444
04/10/2026$1,695,000PendingToActiveGlobal MLS #202611444
02/25/2026$1,695,000PendingGlobal MLS #202611444
02/03/2026$1,695,000Listed For SaleGlobal MLS #202611444
03/06/2024ListingRemovedGlobal MLS #202411301
01/30/2024$1,500,000Listed For SaleGlobal MLS #202411301
06/30/2022$1,100,000Sold
Global MLS #202131945
02/15/2022$1,150,000PendingGlobal MLS #202131945
11/04/2021$1,150,000Listed For SaleGlobal MLS #202131945
02/28/2019$750ListingRemovedAgent Provided
02/05/2019$750Listed For RentAgent Provided
11/18/2018$750ListingRemovedAgent Provided
11/12/2018$750Listed For RentAgent Provided
01/11/2018$775ListingRemovedAgent Provided
01/07/2018$775Listed For RentAgent Provided
11/07/2017$850ListingRemovedAgent Provided
10/24/2017$850PriceChange
Agent Provided
09/19/2017$750Listed For RentAgent Provided

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Comparable Sales for 1011 Union Street

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
525 Union Street, Schenectady, NY
0.65
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$1,700,000
01/06/26
10
13
10,760
1091 Wendell Avenue, Schenectady, NY
0.18
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$475,000
11/25/25
6
6
4,225
841 Union Street, Schenectady, NY
0.12
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$552,000
08/22/25
6
7
6,090
845 Eastern Avenue, Schenectady, NY
0.12
Multi-Family Home
$365,000
03/11/26
6
4
3,986
1636 Foster Avenue, Schenectady, NY
0.72
Multi-Family Home
$465,000
11/14/25
15
5
7,284
120 DeGraff Street, Schenectady, NY
0.23
Multi-Family Home
$319,000
03/06/26
11
3
3,066
1054 Park Avenue, Schenectady, NY
0.09
Multi-Family Home
$260,000
04/16/26
6
2
3,008
22 1/2 Union Avenue, Schenectady, NY
0.18
Multi-Family Home
$330,000
06/24/25
7
2
2,582

Nearby homes

Get a sense of prices in the area by checking nearby homes.
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Assigned Schools

These are the assigned schools for 1011 Union Street.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Union Street
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Union Street

At least 73 Trulia users voted on each feature.

  • 94 % Say there are sidewalks

  • 92 % Say it's dog friendly

  • 86 % Say yards are well-kept

  • 84 % Say it's walkable to grocery stores

  • 80 % Say parking is easy

  • 75 % Say car is needed

  • 74 % Say there's holiday spirit

  • 71 % Say streets are well-lit

  • 62 % Say neighbors are friendly

  • 62 % Say kids play outside

  • 60 % Say it's walkable to restaurants

  • 59 % Say people would walk alone at night

  • 53 % Say there's wildlife

  • 45 % Say it's quiet

  • 38 % Say they plan to stay for at least 5 years

  • 36 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Molly M.
    "Union Street and the GE plot neighborhood are safe and well maintained and convenient. I’ve lived in two different Union Street apartments in my life and have always loved it here. Reasonable commute to everywhere."
    12
    Flag
  • Molly M.
    "My commute is really reasonable, even at 8 am and 5 pm. The area is also very Uber-able, with bars and restaurants nearby."
    0
    Flag
  • Johnhoward_34
    "Business district not safe for unattended young kids. Aside for that very walkable will several shops, banks and eateries. "
    2
    Flag
  • Amanda K.
    "Beautiful neighborhood that feels like home. People are friendly and everything is nearby. Would recommend buying a home here as the value of the neighborhood continues to increase! "
    12
    Flag
  • John W.
    "I choose this area because it so much to offer. shopping, restaurants, walking, well kept homes. I would recommend this area to both families, singles and seniors. "
    10
    Flag
  • Aly B.
    "clean lovely well kept area closer to public transit, union college. And close to downtown. lots of good places to be social, eat and/or have a nice drink. I can say in experiencing the last 2 storms the streets don't have sufficient drainage in heavy rain or downpours. Rain water regularly washes above and onto curbs/sidewalks "
    8
    Flag
  • Jackie
    "I've lived in this neighborhood since 1984. Love the large old houses and enjoy the easy walk to restaurants, stores, and the Union College campus."
    9
    Flag
  • Jackie
    "I've lived in this section of Schenectady since 1980. Amazing Victorian homes to buy or rent at affordable prices. I love walking to the library, shops, Proctor's Theater, and restaurants. The Union College campus is gorgeous and offers free movies and concerts every week during the academic year. The area also has a very active community of poets and writers. "
    0
    Flag
  • Propertymgmntgroup
    "Really convenient area to be in. Great food and dining at either end of Union St. Nearby parks (Central Park), shopping, entertainment (Proctors, Bow-Tie Cinema). Lots of great walking and biking terrain and close to the GE Realty Plot. This has pretty good parking for cities as well. "
    4
    Flag
  • lise g.
    "I was living here from 2005 to 2011, and I just love this area. Very friendly neighborhood."
    0
    Flag
  • Jackie
    "Proximity to Union College makes this a safe area, free of serious crime. I love walking to the library, PO, shops, and restaurants. And the neighboring college campus is gorgeous. Is there student silliness? Yes, sometimes... but there's also a wonderful mix of people of all ages and I enjoy attending college films, concerts, etc."
    0
    Flag

LGBTQ Local Legal Protections

Richard Carr, Carr Real Estate Group, LLC, (518) 488-2434
Agent Phone: (518) 488-2434
IDX information is provided exclusively for 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 is deemed reliable but not guaranteed.
Judy Moriarty, Zillow, Inc., Corp. Broker
1011 Union Street, Schenectady, NY 12308 is a 19 bedroom, 16 bathroom, 10,809 sqft multi-family built in 1984. 1011 Union Street is located in Union Street, Schenectady. This property is currently available for sale and was listed by Global MLS on Feb 3, 2026. The MLS # for this home is MLS# 202611444.