Nicholas Falcone
Licensed Real Estate Salesperson
REALTOR®
Stamford, NY
Office: (607) 652-2220 (631) 384-1507

227-229 Elm Street, Schenectady, NY 12304

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Property Description

Turnkey two-unit investment opportunity in Schenectady's Central State Street neighborhood! This duplex offers nearly 2,400 sq ft of livable space with income potential for both new and seasoned investors - or the perfect setup for an owner-occupant looking to offset their mortgage with rental income.Each unit features 2 bedrooms and 1 full bath, a spacious living room ideal for comfortable everyday living, an eat-in kitchen with ample cabinet space, and a dedicated laundry room area for added convenience. The functional layouts make these units attractive to long-term tenants while remaining easy to manage.Additional highlights include off-street parking for two vehicles and a decent-sized backyard offering outdoor space for relaxation or tenant enjoyment - a valuable amenity in this market.The property was recently inspected with no major defects identified, providing added confidence and peace of mind. Whether you're looking to expand your portfolio, create a solid cash-flowing asset, or begin building equity through owner occupancy, this property presents flexibility and long-term upside in a steadily improving rental market.A smart addition to any portfolio - or a strategic first step into real estate investing.

227-229 Elm Street | MLS# 202612021

This multi-family property located at 227-229 Elm Street, Schenectady, NY 12304 is currently listed for sale with an asking price of $254,900. 227-229 Elm Street is located within the Schenectady school district. Search Schenectady real estate on nicholas-falcone.timberlandproperties.com today.

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Property Features

Property Type: Multi Unit - Multiple
Basement: Slab, None
Cooling: None
Heating: Baseboard, Natural Gas
Home Style: Traditional
Lot Size: 0.11 Acres
Roof Type: Asphalt
Taxes: $7,494
Year Built: 1994

Feature Descriptions

Days on Site: 17
Equipment: None
Exterior: None
Exterior: Brick, Vinyl Siding
Fencing: None
Flooring: Tile, Carpet, Linoleum
Foundation: Slab
Interior: Paddle Fan, High Speed Internet
Laundry: Laundry Room
Lot: Level, Sloped, Cleared
Lot Dimensions: 32x144
Parcel #: 421500 49.52-2-29
Parking: Off Street, Paved, Driveway
Parking Total: 2
Parking Total: 2
Sewer: Public Sewer
SQFT Above Grade Finished: 2375
Structures: None
Water: Public

Local Schools

High School: Schenectady
School District: Schenectady

Estimate Your Payment

Estimated Payment

$ 1,266.14 per month $567.30 Principal & Interest $624.50 Property Tax $74.35 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Demographics

Listed By / Shown By

Listing By

Agency Name: Hunt ERA
Agency Phone: 1 518-414-5830

Shown By

Agent Name: Nicholas Falcone
Agent Phone: (631) 384-1507
Agency Title: Timberland Properties

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All information is deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither broker(s), nor agent(s) shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless. Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers 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 on this site was last updated 03/03/2026. The listing information on this page last changed on 03/03/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 03/03/2026 1:11:38 AM EST) or Global MLS (last updated Tue 03/03/2026 1:06:55 AM EST) or New York State Alliance MLS (last updated Tue 03/03/2026 1:10:29 AM EST) or Hudson Valley Catskill Region MLS (last updated Tue 03/03/2026 12:11:14 AM EST) or OneKey MLS (last updated Tue 03/03/2026 1:10:05 AM EST). Real estate listings held by brokerage firms other than Timberland Properties may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

All information is deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither broker(s), nor agent(s) shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless.

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