714 Union St Schenectady, NY 12305
For Sale
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This property is a five-unit multifamily, located in the highly convenient and historic Union Street corridor. With approximately 2,932 square feet of living space and three stories, this building offers strong investment potential in one of Schenectady's most active rental areas. Built in 1984, the property sits on a 28-by-150-foot lot with municipal water and sewer, public utilities, and off-street parking via the shared driveway. The location provides exceptional accessibility. Union College, Ellis Hospital, Schenectady High School, Downtown Schenectady, and Mohawk Harbor are all within easy reach, along with nearby shops, restaurants, and entertainment venues on Union Street itself. School proximities include Yates Elementary, Oneida Middle School, and Schenectady High School, all within 2 miles or less. This property is zoned for multi-family use and offers a reliable opportunity for investors seeking stable occupancy and long-term value in a well-connected neighborhood.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.