Renovated Two-Family
205 Victory Avenue Schenectady, NY 12307
205 Victory Avenue, Schenectady, NY, 12307
$315,000
For Sale
$315,000
Turn-key renovated two-family residence with private fenced yard, full basement, covered porch, and forced air heat.
Property Size2,648 SF
Price / SF$118.96
Days on Market72
Property Features for 205 Victory Avenue
General Information
- Standard status
- Active
- Size
- 2,648 SF
- Property subtype
- Multi Family / Duplex
Building Details
- Year Built
- 1915
Listing agency
Miranda Real Estate Group Inc
(201) 238-4972
Listed by
Moonrani G Gumani · License #10401352209
(201) 238-4972
Source
Compass
Added: May 12 Updated: Jul 22 at 2:31PM Checked: Jul 22 at 2:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Miranda Real Estate Group Inc
Investment Insights
Based on property information with market context.
This beautifully renovated two-family home features two stylish, top-to-bottom updated units. Each unit offers bright interiors with light wood-tone flooring, soft neutral paint, and abundant natural light, including a bay window. Kitchens are finished with white shaker cabinetry, stainless steel appliances, modern hardware, and generous counter space, while bathrooms have been reimagined with marble-style tile surrounds, modern vanities, and contemporary fixtures. Additional highlights include a sleek linear electric fireplace, statement lighting throughout, a private fenced yard, full basement, and a covered porch with forced air heat.
Conveniently located near I-890, downtown Schenectady, schools, parks, and major commuter routes, the property provides an easy, move-in-ready setup for both owner-occupants and tenants.
Conveniently located near I-890, downtown Schenectady, schools, parks, and major commuter routes, the property provides an easy, move-in-ready setup for both owner-occupants and tenants.
Key Highlights
- Renovated 2‑family home with 2,754 SF total living space across two units
- Each unit updated with forced air heating, vinyl siding exterior, and shingle/asphalt roof
- Full basement plus covered porch
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
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Turn-key renovated two-family residence with private fenced yard, full basement, covered porch, and forced air heat.
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: Renovated 2‑family home with 2,754 SF total living space across two units; Each unit updated with forced air heating, vinyl siding exterior, and shingle/asphalt roof; Full basement plus covered porch
