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Schenectady Multi-Family Opportunity
For Sale
$70,000

1002 Davis Terrace, Schenectady, NY 12303

MULTI_FAMILY - Other - Schenectady, NY

Property Size1,600 SF
Lot Size0.11 Acres
Price / SF$43.75
Days on Market136

Property Features for 1002 Davis Terrace

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Bathrooms 5
Full bathrooms 5
Rooms Bathroom 5, Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 4, Bedroom 5, Bedroom 6, Bathroom 3, Bedroom 3, Bedroom 4, Bathroom 1
Parking 4
Parking features Off Street
Basement Full
High school Schenectady
Elementary school district Schenectady
Middle school district Schenectady
High school district Schenectady
Directions Davis Terrace and 5th Ave house located at corner.
Standard status Active
APN 421500 49.61-2-21
Size 1,600 SF
Lot size 0.11 Acres

Taxes and HOA fees

Tax Annual Amount 2665

Utilities

Sewer type Public Sewer
Heating system Electric (Heating), Forced Air, Baseboard, Natural Gas
Water source Public

Building Details

Year built 1984
Number of units 5
Building materials Aluminum Siding, Shingle Siding
Roof type Rubber
Architectural style Other
Listing Agency: HS Capital Realty LLC
Listed By: Dorian Johnson · License #10401332042
Added: Apr 8 Changed: Aug 14 Last Checked: Aug 21 at 1:06AM
MLS# 202614657

Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This is a rare opportunity to own a five-unit building in the city of Schenectady. Located at 1002 Davis Terrace, the property is classified as a 411 (Apartments) and is situated in an R-1 (Single Family) zoned area. The property size is 1600 square feet and the lot size is 0.11 acres. To use the building as a multi-family residence, a variance would be needed; otherwise, it must be converted to a single-family residence. Offers are due by 6/18/2026, with a committee meeting scheduled for 7/1/2026.

Key Highlights

  • 5‑unit building in the City of Schenectady (1002 Davis Terrace)
  • Year built: 1984
  • City‑owned property in Schenectady; offers due 6/18/2026 with committee meeting 7/1/2026

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Cafe & Coffee Shop Skin Care Clinic Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

459
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Five-unit building in Schenectady requiring a variance for multi-family use.
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 $70,000.
What are key features of this property?
This property features: 5‑unit building in the City of Schenectady (1002 Davis Terrace); Year built: 1984; City‑owned property in Schenectady; offers due 6/18/2026 with committee meeting 7/1/2026
More about this property
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