1235 First Avenue, 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.
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details
- Area (SqFt)
- 3528
- Bedrooms
- 10
- Bathrooms
- 4
- Car Garage
- 4
- County
- Schenectady
- Price
- $319,000
- Buyer Brokerage Compensation:
- 2.5%
- MLS #
- 202528474
- Roof:
- Slate, Shingle
- Cooling:
- None
- Style:
- Traditional, Other
- Flooring:
- Vinyl, Tile, Carpet
- Heating:
- Baseboard, Natural Gas
- Foundation:
- Stone
- Laundry Features:
- In Basement
- Lot Description:
- Level, Corner Lot
- Sub Type:
- Quadruplex
- Unit 1 Features:
- Unit Location- first fl
Unit 1 Includes: Bathroom; Dining Room; Kitchen; Living Room; Refrigerator; Stove
Unit 1 Detail:
; Kitchen- Working Only ;Kitchens on 1st- 1 ; Beds on 1st- 3 ; Full Baths on 1st- 1 ; Living Rooms on 1st- 1 ; Dining Rooms on 1st- 1
Appliances: Range; Refrigerator
Owner Furnish Features: Garage; Maintenance Grounds; Parking; Sewer; Snow Removal; Trash; Water - Unit 2 Features:
- Unit Location- 2nd fl
Unit 2 Includes: Bathroom; Dining Room; Kitchen; Living Room; Refrigerator; Stove
Unit 2 Detail:
; Kitchen- Working Only ;Kitchens on 2nd- 1 ; Beds on 2nd- 3 ; Full Baths on 2nd- 1 ; Living Rooms on 2nd- 1 ; Dining Rooms on 2nd- 1
Appliances: Range; Refrigerator
Owner Furnish Features: Garage; Maintenance Grounds; Parking; Sewer; Snow Removal; Trash; Water - Unit 3 Features:
- Unit Location- attic
Unit 3 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 3 Detail:
; Kitchen- Eat In ;Kitchens on 3rd- 1 ; Beds on 3rd- 2 ; Full Baths on 3rd- 1 ; Living Rooms on 3rd- 1
Appliances: Range; Refrigerator
Owner Furnish Features: Garage; Maintenance Grounds; Parking; Sewer; Snow Removal; Trash; Water - Unit 4 Features:
- Unit Location- back
Unit 4 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 4 Detail:
;Kitchens on 1st- 1 ; Beds on 2nd- 2 ; Full Baths on 1st- 1 ; Living Rooms on 1st- 1
Appliances: Range; Refrigerator
Owner Furnish Features: Garage; Maintenance Grounds; Parking; Sewer; Snow Removal; Trash; Water - Interior Features:
- Solid Surface Counters
- Exterior Features:
- None
- Water:
- Public
- Sewer:
- Public
- Lot Size Area:
- 0.18
- Construction:
- Vinyl Siding
- Lot Size Area Units:
- Acres
- Type:
- MLF
- Garage Spaces:
- 4
- Acres:
- 0.18
- Sub Type Text:
- Quadruplex
- Separate Utilities:
- Electric; Heat; Water Heater; Number Of Separate Electric Meters: 4
- Parking Features:
- Parking Total: 6; Detached; Garage; Off Street; Paved
- Security Features:
- Carbon Monoxide Detector(s); Smoke Detector(s)
- School District:
- Schenectady
- Estimated Taxes:
- $7,618.41
- Year Built:
- 1901
Property Documents
Property Location
Property agent
Licensed Associate Real Estate Broker - Residential and Commercial
See my ListingsI have worked in real estate since 2012. As a business owner I saw the opportunity to serve customers in a more personal, positive way. I focus in all areas of real estate from residential, luxury homes, multi units, vacant land and commercial sales. I also enjoy learning as much about the real estate market as I can and my favorite aspect about working in real estate is meeting people.