Five-Unit Apartment
For Sale
$469,000
714 Union Street, Schenectady, NY 12305
Three-story property with municipal water and sewer and off-street parking through a shared driveway.
Property Size2,932 SF
Lot Size0.10 Acres
Price / SF$159.96
Days on Market334
Property Features for 714 Union Street
General Information
Standard status
Active
Size
2,932 SF
Total Parking Spaces
5
Lot size
0.10 Acres
Property subtype
Multi Family Home
Additional Details
Utilities to Site
Yes
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$6,727
Building Details
Building Size
2,932 SF
Year Built
1984
Stories
3
Units
5
Listing Agency:
Advanced Property Management
(518) 265-0886
Listed By:
Matthew H Janke · License #10401338755
(518) 708-9008
Source:
Krutz-properties
Added: Dec 4, 2025
Changed: Oct 31
Last Checked: Oct 31 at 4:57AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-story apartment building contains five units across approximately 2,932 square feet of living space. Built in 1984, it occupies a 28-by-150-foot lot and is designated for multifamily use. Municipal water and sewer serve the property, and off-street parking is available through a shared driveway.
The building is on Union Street in Schenectady, with Union College, Ellis Hospital, Schenectady High School, Downtown Schenectady, and Mohawk Harbor within reach. Shops, restaurants, and entertainment venues are also located along Union Street. Yates Elementary, Oneida Middle School, and Schenectady High School are within 2 miles or less.
The building is on Union Street in Schenectady, with Union College, Ellis Hospital, Schenectady High School, Downtown Schenectady, and Mohawk Harbor within reach. Shops, restaurants, and entertainment venues are also located along Union Street. Yates Elementary, Oneida Middle School, and Schenectady High School are within 2 miles or less.
Key Highlights
- Five apartment units in a three‑story building
- Approximately 2,932 square feet of living space
- Built in 1984 on a 28‑by‑150‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,950
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$599,000
$599.0K
Cap Rate 7%
$427,857
$427.9K
Cap Rate 9%
$332,778
$332.8K
Market Conditions
NOI Build-Up for 2,932 SF
Gross rent
$58.1K $19.80/SF
− Vacancy
−$3.6K −$1.23/SF
EGI
$54.5K $18.57/SF
− OpEx
−$24.5K −$8.36/SF
NOI
$29.9K $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%
$599,000
Cap Rate 7%
$427,857
Cap Rate 9%
$332,778
Alternative Uses
Best Use
Apartment 5plus
$427.9K
$374.4K – $499.2K
NOI $29,950 @ 7.0% cap · market cap 6.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$877.6K
$767.9K – $1.02M
NOI $61,431 @ 7.0% cap · market cap 13.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
5
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,963
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
Frequently Asked Questions
What type of property is this?
Apartment building - Three-story property with municipal water and sewer and off-street parking through a 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 $469,000.
What are key features of this property?
This property features: Five apartment units in a three‑story building; Approximately 2,932 square feet of living space; Built in 1984 on a 28‑by‑150‑foot lot
