Renovated Two-Family
205 Victory Avenue Schenectady, NY 12307
205 Victory Avenue, Schenectady, NY, 12307
$315,000
For Sale
Under Contract
$315,000
MULTI_FAMILY - Schenectady, NY
Property Size2,648 SF
Lot Size0.08 Acres
Price / SF$118.96
Days on Market67
Property Features for 205 Victory Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 5, Bathroom 1, Bedroom 6, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 2
- Standard status
- Active Under Contract
- Size
- 2,648 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2769
Utilities
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1915
- Number of units
- 2
- Flooring type
- Vinyl, Tile
- Building materials
- Vinyl Siding
- Roof type
- Asphalt
Listing Agency
Miranda Real Estate Group Inc
(518) 356-1701
1801 Altamont Ave Ste 1, Schenectady, NY
Listed by
Moonrani G Gumani · License #10401352209
(518) 356-1701
Added: May 12 Checked: Jul 17 at 6:06 pm
MLS# 11743285
Listing URL
Copyright © 2026 My State MLS. 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 beautifully renovated two-family home offers two distinct, modern living spaces. Each unit features a top-to-bottom refresh with crisp white trim, light wood-tone flooring, and soft neutral paint, along with abundant natural light and a charming bay window. Kitchens are updated with white shaker cabinetry, stainless steel appliances, modern hardware, and generous counter space. Bathrooms have been reimagined with marble-style tile surrounds, modern vanities, and contemporary fixtures. Interior finishes include a sleek linear electric fireplace and statement lighting throughout, and the home also provides a private fenced yard, a full basement, and a covered porch. Forced air heat is in place for year-round comfort.
Located in Schenectady, the property is convenient to I-890, downtown Schenectady, schools, and parks, with access to major commuter routes for day-to-day travel.
The layout supports either an investor strategy or an owner-occupant plan, with two renovated units ready for move-in. With outdoor space, a covered porch, and a full basement, the property offers practical day-to-day functionality alongside updated interiors.
Located in Schenectady, the property is convenient to I-890, downtown Schenectady, schools, and parks, with access to major commuter routes for day-to-day travel.
The layout supports either an investor strategy or an owner-occupant plan, with two renovated units ready for move-in. With outdoor space, a covered porch, and a full basement, the property offers practical day-to-day functionality alongside updated interiors.
Key Highlights
- Beautifully renovated two‑family home with 2,754 SF across two units
- Each unit includes modern updates: stainless steel appliances, white shaker cabinetry, and light wood‑tone flooring
- Bathrooms reimagined with marble‑style tile surrounds, modern vanities, and contemporary fixtures
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 | $52.4k | $19.80 |
| − Vacancy | −$3.3k | −$1.23 |
| EGI | $49.2k | $18.57 |
| − OpEx | −$22.1k | −$8.36 |
| NOI | $27.0k | $10.21 |
2,648 SF · lease $19.80/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$430.8K
$377.0K – $502.6K
NOI $30,156 @ 7.0% cap · market cap 9.57%
Second Best
Apartment 5plus
$386.4K
$338.1K – $450.8K
NOI $27,049 @ 7.0% cap · market cap 8.59%
Theoretical Best
Office A
$792.6K
$693.5K – $924.7K
NOI $55,481 @ 7.0% cap · market cap 17.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Turn-key duplex with renovated units, fenced yard, basement, and forced-air heat near major commuter routes.
Where is this duplex located?
The property is located at 205 Victory Avenue Schenectady, NY.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Beautifully renovated two‑family home with 2,754 SF across two units; Each unit includes modern updates: stainless steel appliances, white shaker cabinetry, and light wood‑tone flooring; Bathrooms reimagined with marble‑style tile surrounds, modern vanities, and contemporary fixtures
