Five-Unit Multifamily
714 Union Street Schenectady, NY 12305
714 Union Street, Schenectady, NY, 12305
$495,000
For Sale
$495,000
Three-story five-unit building on municipal water and sewer with off-street parking via shared driveway.
Property Size2,932 SF
Lot Size0.50 Acres
Price / SF$168.83
Days on Market345
Property Features for 714 Union Street
General Information
- Standard status
- Active
- Size
- 2,932 SF
- Lot size
- 0.50 Acres
- Property subtype
- Multi-family
Building Details
- Year Built
- 1984
Listing agency
Advanced Property Management
Listed by
Matthew H Janke
(518) 639-4663
Source
Signatureonerealtygroup
Added: Aug 11, 2025 Updated: Jul 10 at 1:48PM Checked: Jul 20 at 6:27AM
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 Advanced Property Management
Investment Insights
Based on property information with market context.
This five-unit multifamily building offers three stories of residential living space and was built in 1984. The property includes approximately 2,932 square feet of living area and sits on a 28-by-150-foot lot. Municipal water and sewer are available, and utilities are provided through public services. Off-street parking is available via a shared driveway, supporting day-to-day convenience for residents and visitors.
The building is situated along the Union Street corridor in Schenectady, a highly convenient area served by local shopping and dining. Access to a range of destinations is described as “easy reach,” including Union College, Ellis Hospital, Schenectady High School, Downtown Schenectady, and Mohawk Harbor. The property is also positioned near Yates Elementary and Oneida Middle School, with Schenectady High School noted within 2 miles or less.
Zoned for multi-family use, this asset is positioned for buyers seeking a small income-property format with municipal infrastructure and off-street parking. With its established build date and three-story configuration, it may fit investors or owner-operators looking for a straightforward multifamily ownership experience in a well-connected rental area.
The building is situated along the Union Street corridor in Schenectady, a highly convenient area served by local shopping and dining. Access to a range of destinations is described as “easy reach,” including Union College, Ellis Hospital, Schenectady High School, Downtown Schenectady, and Mohawk Harbor. The property is also positioned near Yates Elementary and Oneida Middle School, with Schenectady High School noted within 2 miles or less.
Zoned for multi-family use, this asset is positioned for buyers seeking a small income-property format with municipal infrastructure and off-street parking. With its established build date and three-story configuration, it may fit investors or owner-operators looking for a straightforward multifamily ownership experience in a well-connected rental area.
Key Highlights
- Five‑unit, three‑story multifamily building built in 1984 with approx. 2,932 SF of living space
- Zoned for multi‑family use
- 28‑by‑150‑foot lot with municipal water and sewer
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 | $58.1k | $19.80 |
| − Vacancy | −$3.6k | −$1.23 |
| EGI | $54.5k | $18.57 |
| − OpEx | −$24.5k | −$8.36 |
| NOI | $29.9k | $10.21 |
2,932 SF · lease $19.80/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$427.9K
$374.4K – $499.2K
NOI $29,950 @ 7.0% cap · market cap 6.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$877.6K
$767.9K – $1.02M
NOI $61,431 @ 7.0% cap · market cap 12.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Three-story five-unit building on municipal water and sewer with off-street parking via shared driveway.
Where is this apartment building located?
The property is located at 714 Union Street Schenectady, NY.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Five‑unit, three‑story multifamily building built in 1984 with approx. 2,932 SF of living space; Zoned for multi‑family use; 28‑by‑150‑foot lot with municipal water and sewer
