23 Monroe St 9 Unit Apartment Building $875,000 ($97,222/Unit) Schenectady, NY 12305

Northeast Private Client Group is pleased to exclusive list 23 Monroe St, a nine- unit multifamily investment property located in the heart of Schenectady, NY. The property features a well-balanced unit mix of two studios, six one-bedrooms and one three-bedroom unit across approximately 4,776 gross square feet.
With current rents significantly below market, the asset offers immediate upside through rent repositioning and operational improvements. Renovated units are expected to achieve market rents of up to $1,200 for one-bedroom units and $1,500 for the three-bedroom, supporting a meaningful increase in cash flow.
Strategically positioned within walking distance to Downtown Schenectady, the property benefits from access to major employers, local universities, restaurants, and entertainment venues. Its proximity to GE’s global research campus and Rivers Casino further drives long-term rental demand.
The offering presents a compelling opportunity for investors seeking a stabilized asset with value-add potential in a growing Upstate New York submarket. With in-place income, room for rent growth, and a strong tenant base, 23 Monroe Street is ideally suited for small-scale investors or 1031 exchange buyers targeting yield and long-term appreciation.