7 Union Street Schenectady, NY 12305
MULTI_FAMILY - Schenectady, NY
Property Features for 7 Union Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi Residence
- Bedrooms
- 6
- Bathrooms
- 5
- Rooms
- Bathroom 5, Bedroom 5, Bathroom 6, Bathroom 3, Bedroom 6, Bathroom 2, Bathroom 4, Bedroom 2, Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 7, Bedroom 4
- Interior features
- Paddle Fan, Built-in Features
- Basement
- Full, Unfinished
- 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
- Hardwood, Tile
- Building materials
- Block
Listing agent Karen Zalewski-Wildzunas License #10301219752 (518) 858-4719
Listing office Berkshire Hathaway Home Services Blake 3 Winners Circle Suite 305, Albany, NY (518) 464-0870
Listing date Apr 30, 2026
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.
The address is 7 Union Street in Schenectady, located in the Historic Stockade District. Public remarks indicate it is within walking distance of local shops and restaurants, and near the Mohawk River. The property is listed under Multi Residence zoning, aligning with multi-family occupancy.
For tenants or operators, the four-unit format can support straightforward leasing and unit-by-unit management. For an owner-occupant, the building’s multi-unit design allows flexibility to live in one unit while renting the others. For buyers considering a residential income property, the size, zoning, and established quadplex configuration provide a practical starting point for underwriting and ongoing operations.
Key Highlights
- Four‑unit property in Schenectady’s Historic Stockade District, dating back to 1850
- Block construction with classic interior features including built‑in features and paddle fans
- Hardwood and tile flooring throughout
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 |
