Historic Four-Unit
For Sale
$575,000
Pending
7 Union Street, Schenectady, NY 12305
MultiFamily, Schenectady, NY
Property Size4,984 SF
Lot Size0.14 Acres
Days on Market168
Property Features for 7 Union Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
Multi Residence
Bedrooms
6
Bathrooms
5
Full bathrooms
5
Half bathrooms
2
Rooms
Bedroom 3, Bathroom 5, Bathroom 6, Bathroom 7, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 6, Bedroom 4, Bathroom 4, Bedroom 1, Bedroom 5, Bedroom 2
Interior features
Paddle Fan, Built-in Features
Basement
Full, Unfinished
Subdivision
Stockade Historic District
Lot features
Level
High school
Schenectady
Elementary school district
Schenectady
Middle school district
Schenectady
High school district
Schenectady
Directions
Union Street west of Church Street.
Standard status
Pending
APN
421500 39.63-1-44
Size
4,984 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
14021
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas, Electric (Heating)
Water source
Public
Building Details
Year built
1850
Number of units
4
Flooring type
Tile, Hardwood
Building materials
Block
Listing Agency:
Berkshire Hathaway Home Services Blake · Berkshire Hathaway HomeServices
(518) 464-0870
Listed By:
Karen Zalewski-Wildzunas · License #10301219752
(518) 858-4719
Added: Apr 30
Changed: Oct 8
Last Checked: Oct 14 at 7:06PM
MLS# 202616122
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 4,984-square-foot quadplex contains four residential units within a building constructed in 1850. Period character is complemented by hardwood and tile flooring, built-in features, paddle fans, block construction, and electric and natural gas heating. The property includes six bedrooms and seven bathrooms, with public water and public sewer service.
Located in Schenectady’s Historic Stockade District, the property is at 7 Union Street in the 12305 postal area. Local shops, restaurants, and the Mohawk River are identified as nearby context. Multi Residence zoning supports the property’s residential income configuration.
Located in Schenectady’s Historic Stockade District, the property is at 7 Union Street in the 12305 postal area. Local shops, restaurants, and the Mohawk River are identified as nearby context. Multi Residence zoning supports the property’s residential income configuration.
Key Highlights
- Four‑unit quadplex at 7 Union Street, Schenectady, NY 12305
- 4,984 square feet on a 0.14‑acre lot
- Built in 1850 within the Historic Stockade District
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,911
Cap Rate
8.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,018,220
$1.0M
Cap Rate 7%
$727,300
$727.3K
Cap Rate 9%
$565,678
$565.7K
Market Conditions
NOI Build-Up for 4,984 SF
Gross rent
$98.7K $19.80/SF
− Vacancy
−$6.1K −$1.23/SF
EGI
$92.6K $18.57/SF
− OpEx
−$41.7K −$8.36/SF
NOI
$50.9K $10.21/SF
Area
Schenectady County, NY
Vacancy
6.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,018,220
Cap Rate 7%
$727,300
Cap Rate 9%
$565,678
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 authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,779
Businesses Nearby
Explore this area
Business Placement
Demographics for 12305, NY
6,085
Population
4,103
Households
1.5
Avg Household Size
37
Median Age
34%
College-Educated
88%
High-School Grad
1.5 sq mi
ZIP Area
4,057
Density / Sq Mi
$50,308
Median Household Income
$34,228
Median Earnings
$1,067
Median Rent
$162,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential property with period character, hardwood and tile finishes, and public water and sewer service.
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: Four‑unit quadplex at 7 Union Street, Schenectady, NY 12305; 4,984 square feet on a 0.14‑acre lot; Built in 1850 within the Historic Stockade District
