Historic Four-Unit Residential
7 Union St Schenectady, NY 12305
7 Union St, Schenectady, NY, 12305
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For Sale
Contact for pricing
Four-unit income property dating to 1850, located in the Historic Stockade District near shops, dining, and the Mohawk River.
Property Size4,883 SF
Price / SF$117.76
Days on Market76
Property Features for 7 Union St
General Information
- Standard status
- Active
- Size
- 4,883 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1850
Listing agency
Berkshire Hathaway HomeServices Blake, REALTORS Albany
(518) 858-4719
Listed by
Karen Zalewski-Wildzunas · License #NY 10401299136
Source
Crexi
Added: May 7 Updated: Jul 21 at 2:56AM Checked: Jul 21 at 2:56AM
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 HomeServices Blake, REALTORS Albany
Investment Insights
Based on property information with market context.
This historic four-unit residential building dates back to 1850 and features classic architectural character throughout. The property is designed as four separate units, each with its own period elements, offering a mix of individuality within one cohesive structure.
Located in the heart of the Historic Stockade District at 7 Union St, the property is described as being just steps from local shops and restaurants. It is also positioned near the Mohawk River, combining historic neighborhood appeal with convenient access to everyday destinations.
Offered for sale as a four-unit multifamily asset, the building presents an owner-occupant or investor option, depending on how you plan to use the residence and manage the income potential described for the property.
Located in the heart of the Historic Stockade District at 7 Union St, the property is described as being just steps from local shops and restaurants. It is also positioned near the Mohawk River, combining historic neighborhood appeal with convenient access to everyday destinations.
Offered for sale as a four-unit multifamily asset, the building presents an owner-occupant or investor option, depending on how you plan to use the residence and manage the income potential described for the property.
Key Highlights
- Four‑unit income property built in 1850
- Located in the Historic Stockade District in Schenectady
- Historic building with classic architectural details
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 | $96.7k | $19.80 |
| − Vacancy | −$6.0k | −$1.23 |
| EGI | $90.7k | $18.57 |
| − OpEx | −$40.8k | −$8.36 |
| NOI | $49.9k | $10.21 |
4,883 SF · lease $19.80/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$794.4K
$695.1K – $926.8K
NOI $55,609 @ 7.0% cap · market cap 9.67%
Second Best
Apartment 5plus
$712.6K
$623.5K – $831.3K
NOI $49,879 @ 7.0% cap · market cap 8.67%
Theoretical Best
Office A
$1.46M
$1.28M – $1.71M
NOI $102,309 @ 7.0% cap · market cap 17.79%
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 - Four-unit income property dating to 1850, located in the Historic Stockade District near shops, dining, and the Mohawk River.
Where is this quadplex located?
The property is located at 7 Union St 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: Four‑unit income property built in 1850; Located in the Historic Stockade District in Schenectady; Historic building with classic architectural details
