Schenectady Triplex with Vacant
815 Davis Terrace Schenectady, NY 12303
815 Davis Terrace, Schenectady, NY, 12303
$239,900
Pending
For Sale
$239,900
Pending
MULTI_FAMILY - Other - Schenectady, NY
Property Size2,048 SF
Lot Size0.11 Acres
Days on Market72
Property Features for 815 Davis Terrace
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 6
- Parking
- 4
- Parking features
- Off Street
- Patio and Porch features
- Porch
- Basement
- Full
- Standard status
- Pending
- APN
- 421500 49.53-3-29
- Size
- 2,048 SF
- Lot size
- 0.11 Acres
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
Listing agency
Venture Fox Realty Group LLC
(518) 290-1070
Listed by
Jamie M Mazuryk · License #10301221528
(518) 929-4475
Added: May 12 Updated: Jun 9 at 1:08PM Checked: Jul 22 at 5:06AM
MLS# 202616958
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 well-maintained 3-unit apartment building in Schenectady offers an excellent investment opportunity with strong income potential. All units are fully occupied. Lease terms and rental details are available. The property features spacious apartments with separate utilities and ample off-street parking. Its location is convenient to shopping, restaurants, schools, and major highways. Included with the sale is an adjacent vacant parcel, providing additional possibilities for expansion, parking, outdoor space, or future development opportunities. The lot size is 0.11 acres and the property size is 2048 square feet. This is a fantastic opportunity with built-in income and added value potential. The property is located in Schenectady, NY, with a postal code of 12303.
Key Highlights
- 3‑unit apartment building built in 1910 in Schenectady
- All units are fully occupied; lease terms and rental details available in the document section
- Separate utilities for the apartments, plus ample off‑street parking
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.6k | $19.80 |
| − Vacancy | −$2.5k | −$1.23 |
| EGI | $38.0k | $18.57 |
| − OpEx | −$17.1k | −$8.36 |
| NOI | $20.9k | $10.21 |
2,048 SF · lease $19.80/SF/yr · vacancy 6.20% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Well-maintained Schenectady triplex with income potential and expansion possibilities.
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: 3‑unit apartment building built in 1910 in Schenectady; All units are fully occupied; lease terms and rental details available in the document section; Separate utilities for the apartments, plus ample off‑street parking
