703 Union St Schenectady, NY 12305
Downtown Schenectady NeighborhoodEstimated payment $2,603/month
Highlights
- Wood Flooring
- Accessible Approach with Ramp
- Accessible Full Bathroom
- No HOA
- Accessible Doors
- Accessible Hallway
About This Home
Welcome to 703 Union Street, a mixed use property offering both a successful restaurant on the first floor and a fully updated apartment above. The ground level is home to Termeh Persian Restaurant, a well known local favorite with over 60 five star reviews and a strong repeat customer base. The restaurant is fully equipped, with all kitchen appliances, hood system, and ventilation up to code, making this a true turn key opportunity for a new owner. The second floor apartment offers three bedrooms, one full bath, and a large family room with views of Union Street. It is perfect for an owner occupant or as an additional rental unit for extra income. Both the building and the business are included in the sale, making this a great fit whether you are an investor or someone looking to operate their own restaurant in a proven location. Additional features include off street parking, handicap accessible entry, and excellent street visibility. This section of Union Street continues to see steady development and growth, and the property is located just minutes from Union College, adding to its long term value and demand. A rare chance to own a true turn key mixed use property with both residential and commercial income.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,467
Year Built
- Built in 1900
Lot Details
- 3,920 Sq Ft Lot
Home Design
- Duplex
- Vinyl Siding
Interior Spaces
- 2,578 Sq Ft Home
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Laminate
Bedrooms and Bathrooms
- 3 Bedrooms
- Bathroom on Main Level
Parking
- 6 Parking Spaces
- Open Parking
Accessible Home Design
- Accessible Full Bathroom
- Accessible Hallway
- Customized Wheelchair Accessible
- Accessible Doors
- Accessible Approach with Ramp
Schools
- Schenectady High School
Utilities
- Forced Air Heating and Cooling System
- 200+ Amp Service
Community Details
- No Home Owners Association
Listing and Financial Details
- Legal Lot and Block 23.000 / 3
- Assessor Parcel Number 421500 39.65-3-23
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,737 | $145,700 | $13,900 | $131,800 |
| 2024 | $7,737 | $145,700 | $13,900 | $131,800 |
| 2023 | $75 | $145,700 | $13,900 | $131,800 |
| 2022 | $7,596 | $145,700 | $13,900 | $131,800 |
| 2021 | $7,436 | $145,700 | $13,900 | $131,800 |
| 2020 | $7,254 | $145,700 | $13,900 | $131,800 |
| 2019 | $4,235 | $145,700 | $13,900 | $131,800 |
| 2018 | $7,327 | $145,700 | $13,900 | $131,800 |
| 2017 | $6,330 | $145,700 | $13,900 | $131,800 |
| 2016 | $7,506 | $145,700 | $13,900 | $131,800 |
| 2015 | -- | $145,700 | $13,900 | $131,800 |
| 2014 | -- | $171,800 | $13,900 | $157,900 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/31/2026 03/31/26 | For Sale | $405,000 | -- | $157 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $137,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $137,000 | Seller Take Back |
Source: Global MLS
MLS Number: 202614157
APN: 039-065-0003-023-000-0000
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Local REALTOR® - Todd Siegel, Broker - (888)-952-6393
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Ask me questions while you tour the home.