97
Map
701 Union Street
About This Property
An incredible opportunity to own a beautifully preserved historic brick building in the heart of Schenectady's Union Street corridor. This timeless property blends old-world charm with modern functionality, offering a first-floor professional office currently used as a pediatric clinic and a spacious apartment on the second floor-ideal for an owner-occupant or investor alike.
Meticulously maintained and thoughtfully updated, the building showcases restored original woodwork and beams, intricate Tiffany-style stained glass, and a newer slate roof, all preserving its classic character. Enjoy the inviting front porch, and rear handicap-accessible entrance complete with a wheelchair lift, providing both elegance and convenience.
Situated on a prime corner lot with off-street parking, this mixed-use gem is truly turnkey. Walk to nearby cafes, restaurants, and shops, and enjoy close proximity to all major bus lines. Whether you're looking to live, work, or invest, 701 Union Street offers a rare blend of history, charm, and opportunity in one of Schenectady's most desirable locations.
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 7, 2026 | Sold | ||
| Sold | |||
| Dec 5, 2025 | In contract | - | |
| In contract | |||
| Oct 8, 2025 | Listed by Gucciardo Real Estate LLC | $499,900 | |
| Listed by Gucciardo Real Estate LLC | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About Downtown Schenectady
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$2,295 /mo
- 1 Bed
- 1 Bath
- 1,323 ft²
$1,199 /mo
- Studio
- 1 Bath
- 900 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017