Two-Family Duplex with Separate
New
For Sale
$234,900
14 Wilmarth Street, Scotia, NY 12302
MultiFamily, Scotia, NY
Property Size1,892 SF
Lot Size0.24 Acres
Price / SF$124.15
Days on Market2
Property Features for 14 Wilmarth Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 2, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 5, Bedroom 2, Bedroom 1
Parking
4
Parking features
Off Street, Driveway
Patio and Porch features
Porch, Deck
Interior features
Paddle Fan, High Speed Internet, Walk-In Closet(s), Ceramic Tile Bath, Chair Rail
Basement
Full
Lot features
Private, Level
High school
Scotia-Glenville
Elementary school district
Scotia Glenville
Middle school district
Scotia Glenville
High school district
Scotia Glenville
Directions
Route 50 to Cuthbert St., right onto Wilmarth St. Property is on the right.
Standard status
Active
APN
422201 30.69-3-3
Size
1,892 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Annual Amount
7314
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1920
Number of units
2
Flooring type
Carpet, Tile - Ceramic, Laminate
Building materials
Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Howard Hanna Capital Inc
(518) 371-4500
Listed By:
Jill K Himmelwright · License #10401201392
(518) 265-9297
Added: Aug 21
Last Checked: Aug 22 at 8:06AM
MLS# 202624573
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 two-unit duplex contains 1,892 square feet on a 0.24-acre lot. The lower residence includes three bedrooms, 1.5 bathrooms, and central air, while the upper unit has two bedrooms and one bathroom. Separate utilities serve the apartments, excluding water. The property was built in 1920 and includes a porch, deck, driveway, and additional off-street parking. Interior features include ceramic tile baths, a walk-in closet, high-speed internet availability, and a mix of carpet, ceramic tile, and laminate flooring.
The building has vinyl siding, a shingle roof, natural-gas forced-air heat, public water, and public sewer. The property is located in the Village of Scotia on a quiet road and includes cable availability. Updating and repair work are noted in the property information, providing a clear basis for future improvements.
The building has vinyl siding, a shingle roof, natural-gas forced-air heat, public water, and public sewer. The property is located in the Village of Scotia on a quiet road and includes cable availability. Updating and repair work are noted in the property information, providing a clear basis for future improvements.
Key Highlights
- Two‑family duplex with 1,892 square feet on a 0.24‑acre lot
- First‑floor unit offers 3 BR, 1.5 BA, and central air
- Second‑floor apartment includes 2 BR and 1 BA
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,547
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.17%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$430,940
$430.9K
Cap Rate 7%
$307,814
$307.8K
Cap Rate 9%
$239,411
$239.4K
Market Conditions
NOI Build-Up for 1,892 SF
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.
Gross rent
$32.9K $17.40/SF
− Vacancy
−$2.1K −$1.13/SF
EGI
$30.8K $16.27/SF
− OpEx
−$9.2K −$4.88/SF
NOI
$21.5K $11.39/SF
Area
Schenectady County, NY
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$430,940
Cap Rate 7%
$307,814
Cap Rate 9%
$239,411
Alternative Uses
Best Use
Multifamily LT 5
$307.8K
$269.3K – $359.1K
NOI $21,547 @ 7.0% cap · market cap 9.17%
Second Best
Apartment 5plus
$276.1K
$241.6K – $322.1K
NOI $19,326 @ 7.0% cap · market cap 8.23%
Theoretical Best
Office A
$566.3K
$495.5K – $660.7K
NOI $39,641 @ 7.0% cap · market cap 16.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
187
Businesses Nearby
Explore this area
Business Placement
Demographics for 12302, NY
27,618
Population
12,406
Households
2.2
Avg Household Size
45
Median Age
42%
College-Educated
95%
High-School Grad
43.3 sq mi
ZIP Area
638
Density / Sq Mi
$94,156
Median Household Income
$55,305
Median Earnings
$1,207
Median Rent
$240,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with distinct layouts, off-street parking, and public water and sewer service.
Where is this duplex located?
The property is located at 14 Wilmarth Street Scotia, NY.
What is the asking price?
The asking price for this property is $234,900.
What are key features of this property?
This property features: Two‑family duplex with 1,892 square feet on a 0.24‑acre lot; First‑floor unit offers 3 BR, 1.5 BA, and central air; Second‑floor apartment includes 2 BR and 1 BA
