714 Union Street Schenectady, NY 12305
MULTI_FAMILY - Other - Schenectady, NY
Property Features for 714 Union Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 5
- Rooms
- Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 3, Bathroom 5, Bathroom 4, Bedroom 2, Bathroom 2, Bedroom 6
- Parking
- 5
- Parking features
- Off Street, Driveway
- Window features
- Skylight(s)
- Patio and Porch features
- Porch
- Basement
- Interior Entry, Unfinished
- Standard status
- Active
- APN
- 421500 39.73-1-7
- Size
- 2,932 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6727
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Baseboard
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1984
- Number of units
- 5
- Flooring type
- Carpet, Vinyl, Hardwood
- Building materials
- Aluminum Siding
- Roof type
- Flat
- Architectural style
- Other
Listing agent Matthew H Janke License #10401338755 (518) 708-9008
Listing office Advanced Property Management 1006 Argo Blvd, Schenectady, NY (518) 265-0886
Listing date Dec 2, 2025
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.
Key Highlights
- Five‑unit multifamily building with approximately 2,932 SF and three stories
- Built in 1984 and set on a 28‑by‑150‑foot lot with municipal water and public sewer
- Zoned for multi‑family use with public utilities and off‑street parking via a shared driveway
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 |
