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1502 Union Street
Schenectady NY 12309 US

$995,000

Active Listing ID 11672877
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12 bed
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11.00 Bath (11 Full)
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Lot: 0.24 Acres
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Other

$995,000

Active Listing ID 11672877
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1502 Union Street Exceptional investment opportunity in Schenectady's highly desirable Upper Union Street corridor! This stately mansion-style 10-unit apartment building offers strong income potential and positive cash flow and tenants pay their own heat and electric. The property features nine 1-bedroom apartments and one spacious 3-bedroom, 2-bath unit with central air, providing a great mix of rental options with one furnished turn-key unit. This beautiful building showcases classic character throughout, including original moldings, hardwood floors, beamed ceilings, stained glass, and a grand foyer, while offering modern updates that tenants appreciate. Many units feature granite countertops, updated kitchen cabinetry, and ceramic tile baths, and all apartments are filled with natural light and timeless architectural charm. Major improvements include updated mechanicals, separate electric meters, and a newer roof, making this a solid addition to any investment portfolio. The property also offers coin-operated laundry, a private paved parking lot with 10 off-street parking spaces, and a bus stop conveniently located nearby. With long-term tenants already in place, this property provides immediate income with room for continued growth. Offered together with the neighboring 5-unit building at 920 McClellan Street, creating a 15-unit portfolio opportunity with strong cash flow potential. Financials available upon request.

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Property Features

  • Facts
  • Lot Size: 0.24 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 11
  • Cooling System: Central Air
  • Floor Covering: Carpet, Hardwood, Tile
  • Roof Type: Asphalt
  • Heating Fuels: Baseboard, Electric (Heating), Forced Air, Natural Gas

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 995000
  • unparsedaddress: 1502 Union Street
  • postalcity: Schenectady
  • stateorprovince: NY
  • country: US
  • postalcode: 12309
  • bathroomsfull: 11
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.24
  • lotsizeunits: Acres
  • lotsizearea: 0.24
  • livingarea: 5077
  • livingareaunits: Square Feet
  • latitude: 42.807755
  • longitude: -73.913085
  • listagentfullname: Christine Serafini
  • listagentemail: SerafiniSellsHomes@gmail.com
  • listagentkey: 3yd-NYSMLS-83616
  • listagentmlsid: 83616
  • listagentpreferredphone: 5185148830
  • listagentofficephone: 5183561701
  • listofficekey: 3yd-NYSMLS-5259
  • listofficemlsid: 5259
  • disclaimer: Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: NYSMLS
  • yearbuilt: 1996
  • yearbuilteffective: 1996
  • listingcontractdate: 2026-03-12
  • countyorparish: Schenectady
  • parcelnumber: 421500 50.21-3-10
  • elementaryschooldistrict: 000000
  • middleorjuniorschooldistrict: 000000
  • highschooldistrict: 000000
  • cooling: Central Air
  • constructionmaterials: Wood Siding
  • flooring: Carpet, Hardwood, Tile
  • heating: Baseboard, Electric (Heating), Forced Air, Natural Gas
  • numberofunitstotal: 10
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • parkingfeatures: Garage
  • roof: Asphalt
  • waterfrontyn: False
  • architecturalstyle: Other
  • rooms: Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -73.913086, 42.807755
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Miranda Real Estate Group Inc", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"SerafiniSellsHomes@gmail.com", "ListBrokerageCity":"Schenectady", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"Miranda Real Estate Group Inc", "ListBrokeragePhone":"518-356-1701", "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":"NY", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"1801 Altamont Ave Ste 1", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"1801 Altamont Ave Ste 1", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":null, "ListOfficeCity":"Schenectady", "ListOfficeCountry":"US", "ListOfficeEmail":null, "ListOfficePostalCode":"12303", "ListOfficeStateOrProvince":"NY", "ListPriceCurrencyType":"USD", "ListingTitle":"Multi-Unit, Apartment - Schenectady, NY", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/1502-Union-St_Schenectady_NY_12309_M33927-58186?f=listhub&s=NYSMLS&m=11672877&c=rexren", "MLSModificationTimestamp":"2026-03-13T14:04:59Z", "Neighborhoods":[], "PostalCode":null, "RawPropertySubType":"Multi-Unit", "RawPropertyType":"Multi-Unit", "RoomCount":0, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":11970, "TaxDescription":null, "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 3/13/2026 4:04:23 PM GMT
Source Updated Date: 3/26/2026 7:28:29 AM GMT

Courtesy of: Christine Serafini, Miranda Real Estate Group Inc, SerafiniSellsHomes@gmail.com

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.