Mixed-Use Two-Unit
For Sale
$349,999
Pending
1603 Union Street, Schenectady, NY 12309
MULTI_FAMILY - Other - Schenectady, NY
Property Size2,585 SF
Lot Size0.12 Acres
Days on Market100
Property Features for 1603 Union Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Mixed
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 2, Dining Room, Bedroom 3, Bedroom 1, Bathroom 2, Bathroom 1
Parking
4
Parking features
Open, Off Street
Security features
Security Lighting
Window features
Storm Window(s)
Patio and Porch features
Porch, Patio, Deck
Interior features
Paddle Fan, High Speed Internet, Built-in Features, Ceramic Tile Bath
Exterior features
Garden
Fireplace
1
Basement
Interior Entry, Full
Lot features
Level
High school
Schenectady
Elementary school district
Schenectady
Middle school district
Schenectady
High school district
Schenectady
Directions
Upper Union St next door to Northeast Jewelry before Baker Ave traffic light
Standard status
Pending
APN
421500 50.30-1-34
Size
2,585 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
8156
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1900
Number of units
2
Flooring type
Hardwood, Tile - Ceramic, Vinyl
Building materials
Vinyl Siding
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Civill Realty
(518) 369-2016
Listed By:
Jon F Civill · License #37CI0896911
(518) 369-2016
Added: Apr 23
Changed: Jul 24
Last Checked: Jul 31 at 1:06AM
MLS# 202615750
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use two-unit property offers residential and office layouts under one roof. The second-floor owner unit includes a dining and living area with a fireplace, a generous primary bedroom, an additional bedroom, a full bath, and a modern kitchen with pantry. The first floor is currently configured as professional office space, including a waiting room, exam room, multiple offices, treatment space, and room for a kitchen plus a half bath. The property is described as move-in condition and includes appliances, with separate electric circuit breakers, two gas hot-air heating and AC units, and one gas hot-water heater.
The building includes enclosed porches, a private fenced yard, a two-car garage, and off-street parking. The property is located in the Upper Union St Business District of Schenectady and is zoned “Mixed,” supporting flexible use within the current configuration.
The existing setup provides an opportunity for continued owner occupancy with an office component, or a residential conversion concept for the first-floor half bath area, depending on an investor’s plans.
The building includes enclosed porches, a private fenced yard, a two-car garage, and off-street parking. The property is located in the Upper Union St Business District of Schenectady and is zoned “Mixed,” supporting flexible use within the current configuration.
The existing setup provides an opportunity for continued owner occupancy with an office component, or a residential conversion concept for the first-floor half bath area, depending on an investor’s plans.
Key Highlights
- Mixed‑use 2‑family property in the Upper Union St Business District with second‑floor owner unit plus first‑floor professional office space
- Second‑floor unit offers fireplace in the dining/living area, modern kitchen with pantry, and 1 full bath with additional bedroom space
- Approx. 1,236 SF second‑floor living space; first‑floor includes professional office with waiting room, exam room, multiple offices, treatment space, and room for kitchen/half bath
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.0k | $17.40 |
| − Vacancy | −$2.9k | −$1.13 |
| EGI | $42.1k | $16.27 |
| − OpEx | −$12.6k | −$4.88 |
| NOI | $29.4k | $11.39 |
2,585 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$622.2K
$544.5K – $726.0K
NOI $43,557 @ 7.0% cap · market cap 12.44%
Second Best
Mixed Use
$509.6K
$445.9K – $594.6K
NOI $35,673 @ 7.0% cap · market cap 10.19%
Theoretical Best
Office A
$773.7K
$677.0K – $902.7K
NOI $54,161 @ 7.0% cap · market cap 15.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
932
Businesses Nearby
Explore this area
Business Placement
Demographics for 12309, NY
31,273
Population
13,623
Households
2.3
Avg Household Size
43
Median Age
59%
College-Educated
97%
High-School Grad
17.6 sq mi
ZIP Area
1,777
Density / Sq Mi
$119,830
Median Household Income
$68,167
Median Earnings
$1,472
Median Rent
$301,100
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family mixed-use building with a second-floor residence and first-floor professional office space.
Where is this duplex located?
The property is located at 1603 Union Street Schenectady, NY.
What is the asking price?
The asking price for this property is $349,999.
What are key features of this property?
This property features: Mixed‑use 2‑family property in the Upper Union St Business District with second‑floor owner unit plus first‑floor professional office space; Second‑floor unit offers fireplace in the dining/living area, modern kitchen with pantry, and 1 full bath with additional bedroom space; Approx. 1,236 SF second‑floor living space; first‑floor includes professional office with waiting room, exam room, multiple offices, treatment space, and room for kitchen/half bath
