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.
Active
Price cut: $30K (5/4)
$375,000
703 Union Street, Schenectady, NY 12305
3beds
2,578sqft
Duplex, Multi Family
Built in 1900
-- sqft lot
$368,000 Zestimate®
$145/sqft
$-- HOA
What's special
Handicap accessible entryFully updated apartment aboveOff street parkingExcellent street visibilityThree bedrooms
- 93 days |
- 321 |
- 15 |
Zillow last checked:
Listing updated:
Listed by:
Gucciardo Real Estate LLC 518-221-9079,
Pavel Karakalchu 518-728-6305
Source: Global MLS,MLS#: 202614157
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 1
- 1/2 bathrooms: 2
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Features
- Flooring: Hardwood, Laminate
- Basement: Full
Interior area
- Total structure area: 2,578
- Total interior livable area: 2,578 sqft
- Finished area above ground: 2,578
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 6
Accessibility
- Accessibility features: Accessible Approach with Ramp, Accessible Doors, Accessible Full Bath, Accessible Hallway(s), Customized Wheelchair Accessible
Features
- Exterior features: Other
Lot
- Size: 3,920 Square Feet
Details
- Parcel number: 421500 39.65323
- Zoning description: Commercial
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Duplex, Multi Family
- Attached to another structure: Yes
Materials
- Other, Vinyl Siding
Condition
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Schenectady
Financial & listing details
- Price per square foot: $145/sqft
- Tax assessed value: $241,265
- Annual tax amount: $5,467
- Date on market: 3/31/2026
Estimated market value
$368,000
$350,000 - $386,000
$1,353/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/4/2026 | Price change | $375,000-7.4%$145/sqft |
Source: | ||
| 3/31/2026 | Listed for sale | $405,000+195.6%$157/sqft |
Source: | ||
| 3/3/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 2/18/2022 | Listed for rent | $1,300$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 1/5/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 12/30/2020 | Listed for rent | $1,300-7.1%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 3/16/2019 | Listing removed | $1,400$1/sqft |
Source: Howard Hanna - Loudonville #201912693 Report a problem | ||
| 2/15/2019 | Listed for rent | $1,400$1/sqft |
Source: Howard Hanna #201912693 Report a problem | ||
| 11/21/2016 | Sold | $137,000$53/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $145,700 |
| 2024 | -- | $145,700 |
| 2023 | -- | $145,700 |
| 2022 | -- | $145,700 |
| 2021 | -- | $145,700 |
| 2020 | -- | $145,700 |
| 2019 | -- | $145,700 |
| 2018 | -- | $145,700 |
| 2017 | $6,330 | $145,700 |
| 2016 | -- | $145,700 |
| 2015 | -- | $145,700 -15.2% |
| 2014 | -- | $171,800 |
Find assessor info on the county website
Monthly payment
Estimated monthly payment$1,822
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Downtown
Nearby schools
GreatSchools rating
- 4/10Yates Elementary SchoolGrades: PK-5Distance: 1.2 mi
- 3/10Oneida Middle SchoolGrades: 6-8Distance: 1.1 mi
- 3/10Schenectady High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- High: Schenectady
Source: Global MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- New York
- Schenectady County
- Schenectady
- 12305
- Downtown
- 703 Union Street




