Small Multifamily Apartment
For Sale
$40,000
1002 Davis Terrace, Schenectady, NY 12303
Five-unit apartment building in Schenectady, classified as apartments and located in an R-1 single-family zoned area.
Property Size1,600 SF
Price / SF$25
Days on Market206
Property Features for 1002 Davis Terrace
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Multi-family
Zoning
R-1
Additional Details
Multifamily Units
5
Building Details
Year Built
1984
Listing Agency:
HS Capital Realty LLC
Listed By:
Dorian Johnson · License #10401332042
(518) 512-9498
Source:
Signatureonerealtygroup
Added: Mar 29
Changed: Oct 16
Last Checked: Oct 19 at 9:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HS Capital Realty LLC
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Investment Insights
Based on property information with market context.
The property at 1002 Davis Terrace is a five-unit apartment building in the City of Schenectady. It is classified as 411 (apartments), with the site located in an R-1 (single family) zoned area. The information provided notes that a variance would be needed to use the property as multifamily, or it would need to be converted to a single-family residence.
The city of Schenectady is offering the property. Reserves are stated as $62,500, and offers are due 6/18/2026, with a committee meeting scheduled for 7/1/2026.
With a confirmed five-unit configuration and zoning considerations for multifamily use, this asset is best suited for a buyer prepared to address the variance and/or conversion requirements noted in the listing details.
The city of Schenectady is offering the property. Reserves are stated as $62,500, and offers are due 6/18/2026, with a committee meeting scheduled for 7/1/2026.
With a confirmed five-unit configuration and zoning considerations for multifamily use, this asset is best suited for a buyer prepared to address the variance and/or conversion requirements noted in the listing details.
Key Highlights
- 5‑unit apartment building in Schenectady, built in 1984
- Property is classified as 411 (apartments) but located in an R‑1 single‑family zoned area
- A variance would be needed to use as multi‑family, or the building must be converted to a single‑family residence
Property Analytics
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
459
Businesses Nearby
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Business Placement
Demographics for 12303, NY
30,893
Population
12,533
Households
2.5
Avg Household Size
41
Median Age
35%
College-Educated
90%
High-School Grad
15.6 sq mi
ZIP Area
1,980
Density / Sq Mi
$77,615
Median Household Income
$50,051
Median Earnings
$1,120
Median Rent
$227,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit apartment building in Schenectady, classified as apartments and located in an R-1 single-family zoned area.
Where is this apartment building located?
The property is located at 1002 Davis Terrace Schenectady, NY.
What is the asking price?
The asking price for this property is $40,000.
What are key features of this property?
This property features: 5‑unit apartment building in Schenectady, built in 1984; Property is classified as 411 (apartments) but located in an R‑1 single‑family zoned area; A variance would be needed to use as multi‑family, or the building must be converted to a single‑family residence
