Historic Four-Unit Residential
7 Union Street Schenectady, NY 12305
7 Union Street, Schenectady, NY, 12305
$575,000
For Sale
$575,000
Historic four-unit property dating to 1850, offering distinct period character across individual units.
Property Size4,984 SF
Price / SF$115.37
Days on Market113
Property Features for 7 Union Street
General Information
- Standard status
- Active
- Size
- 4,984 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1850
Listing agency
Berkshire Hathaway Home Services Blake
Listed by
Karen Zalewski-Wildzunas
(518) 639-4663
Source
Signatureonerealtygroup
Added: Mar 31 Updated: Jul 21 at 2:55AM Checked: Jul 21 at 2:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway Home Services Blake
Investment Insights
Based on property information with market context.
Located in Schenectady’s Historic Stockade District, this four-unit residential building dates back to 1850. The property features classic architectural details and period elements throughout, with each unit described as having its own unique character.
The building is positioned just steps from local shops and restaurants and near the Mohawk River. It is presented for sale as both an investment opportunity and an option for an owner-occupant, depending on buyer plans.
Overall, this is a compact, historic quadplex style asset with four separate units in a highly character-driven area.
The building is positioned just steps from local shops and restaurants and near the Mohawk River. It is presented for sale as both an investment opportunity and an option for an owner-occupant, depending on buyer plans.
Overall, this is a compact, historic quadplex style asset with four separate units in a highly character-driven area.
Key Highlights
- Historic four‑unit property built in 1850
- Located in the Historic Stockade District of Schenectady
- Four units each feature distinct period/character elements
Local Financial Insights For Apartment 5plus
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 | $98.7k | $19.80 |
| − Vacancy | −$6.1k | −$1.23 |
| EGI | $92.6k | $18.57 |
| − OpEx | −$41.7k | −$8.36 |
| NOI | $50.9k | $10.21 |
4,984 SF · lease $19.80/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$810.8K
$709.5K – $946.0K
NOI $56,759 @ 7.0% cap · market cap 9.87%
Second Best
Apartment 5plus
$727.3K
$636.4K – $848.5K
NOI $50,911 @ 7.0% cap · market cap 8.85%
Theoretical Best
Office A
$1.49M
$1.31M – $1.74M
NOI $104,425 @ 7.0% cap · market cap 18.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Historic four-unit property dating to 1850, offering distinct period character across individual units.
Where is this quadplex located?
The property is located at 7 Union Street Schenectady, NY.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Historic four‑unit property built in 1850; Located in the Historic Stockade District of Schenectady; Four units each feature distinct period/character elements
