Triplex with Off-Street
For Sale
$239,900
Pending
815 Davis Terrace, Schenectady, NY 12303
MultiFamily, Schenectady, NY
Property Size2,048 SF
Lot Size0.11 Acres
Days on Market164
Property Features for 815 Davis Terrace
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 5, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 3, Bedroom 6, Bedroom 3, Bathroom 2
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
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
Natural Gas, Forced Air
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
Changed: Oct 8
Last Checked: Oct 22 at 8:06AM
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.
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Investment Insights
Based on property information with market context.
This 2,048-square-foot triplex contains three apartments and was built in 1910. The property has aluminum siding, vinyl and carpet flooring, forced-air heating fueled by natural gas, a rubber roof, and a porch. Each unit has separate utilities, and all three apartments are occupied. Off-street parking serves the building.
The property occupies a 0.11-acre lot in Schenectady, New York, with public water and public sewer service. An adjacent vacant parcel is included, adding land for parking, outdoor space, expansion, or future development as described in the property information. Shopping, restaurants, schools, and major highways are identified in the surrounding area.
The property occupies a 0.11-acre lot in Schenectady, New York, with public water and public sewer service. An adjacent vacant parcel is included, adding land for parking, outdoor space, expansion, or future development as described in the property information. Shopping, restaurants, schools, and major highways are identified in the surrounding area.
Key Highlights
- Three‑unit apartment building with all units occupied
- 2,048 square feet on a 0.11‑acre lot
- Separate utilities for each apartment
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.
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Occupied apartments include separate utilities, a porch, and an adjacent vacant parcel included with the sale.
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‑unit apartment building with all units occupied; 2,048 square feet on a 0.11‑acre lot; Separate utilities for each apartment
