3-Unit Apartment
New
For Sale
$239,900
815 Davis Terrace, Schenectady, NY 12303
MultiFamily, Schenectady, NY
Property Size2,048 SF
Lot Size0.11 Acres
Price / SF$117.14
Days on Market4
Property Features for 815 Davis Terrace
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 2, Bedroom 6, Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 5, Bedroom 1, Bedroom 4
Parking
4
Parking features
Off Street
Patio and Porch features
Porch
Basement
Full
Lot features
Level
High school
Schenectady
Elementary school district
Schenectady
Middle school district
Schenectady
High school district
Schenectady
Directions
Crane St to 3rd Ave to Davis Terrrace
Standard status
Active
APN
421500 49.53-3-29
Size
2,048 SF
Lot size
0.11 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Tax Annual Amount
6153
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1910
Number of units
3
Flooring type
Carpet, Vinyl
Building materials
Aluminum Siding
Roof type
Rubber
Architectural style
Other
Buildings
1
Listing Agency:
Venture Fox Realty Group LLC
(518) 290-1070
Listed By:
Jamie M Mazuryk · License #10301221528
(518) 929-4475
Added: Oct 29
Changed: Oct 31
Last Checked: Nov 1 at 8:06PM
MLS# 202629174
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.
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Investment Insights
Based on property information with market context.
This 2,048-square-foot apartment building contains three occupied units, each served by separate utilities. The property also includes off-street parking and a porch. Built in 1910, the building has aluminum siding, carpet and vinyl flooring, forced-air natural gas heat, and a rubber roof.
An adjacent vacant parcel is included with the property. Shopping, restaurants, schools, and major highways are described as nearby.
An adjacent vacant parcel is included with the property. Shopping, restaurants, schools, and major highways are described as nearby.
Key Highlights
- Three occupied apartments with separate utilities
- 2,048‑square‑foot building constructed in 1910
- Adjacent vacant parcel included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,920
Cap Rate
8.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$418,400
$418.4K
Cap Rate 7%
$298,857
$298.9K
Cap Rate 9%
$232,444
$232.4K
Market Conditions
NOI Build-Up for 2,048 SF
Gross rent
$40.6K $19.80/SF
− Vacancy
−$2.5K −$1.23/SF
EGI
$38.0K $18.57/SF
− OpEx
−$17.1K −$8.36/SF
NOI
$20.9K $10.21/SF
Area
Schenectady County, NY
Vacancy
6.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$418,400
Cap Rate 7%
$298,857
Cap Rate 9%
$232,444
Alternative Uses
Best Use
Multifamily LT 5
$333.2K
$291.5K – $388.7K
NOI $23,323 @ 7.0% cap · market cap 9.72%
Second Best
Apartment 5plus
$298.9K
$261.5K – $348.7K
NOI $20,920 @ 7.0% cap · market cap 8.72%
Theoretical Best
Office A
$613.0K
$536.4K – $715.2K
NOI $42,910 @ 7.0% cap · market cap 17.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
454
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - All three apartments are occupied and have separate utilities, with off-street parking on site.
Where is this triplex located?
The property is located at 815 Davis Terrace Schenectady, NY.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Three occupied apartments with separate utilities; 2,048‑square‑foot building constructed in 1910; Adjacent vacant parcel included
