Two-Unit Duplex with Hardwood
For Sale
$269,000
205 Vley Road, Scotia, NY 12302
Two residences feature separate utilities near village shops, parks, and schools.
Property Size1,848 SF
Price / SF$145.56
Days on Market38
Property Features for 205 Vley Road
General Information
Standard status
Active
Size
1,848 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BD/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,542
Building Details
Year Built
1920
Listing Agency:
New Scotland Realty
(603) 209-1976
Listed By:
Samantha M Curry · License #10491209794
(603) 209-1976
Source:
Capmarkrealty
Added: Jul 24
Changed: Aug 28
Last Checked: Aug 29 at 6:11AM
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 New Scotland Realty
Investment Insights
Based on property information with market context.
This 1,848-square-foot duplex includes two 2BD/1BA residences, each with hardwood flooring throughout and separate utility service. The upstairs unit is vacant, while the property’s mirror-layout configuration allows the lower unit to be reviewed by walkthrough during the offer process.
The property is located in the Scotia-Glenville School District and is within walking distance of an elementary school. Village shops, parks, and additional schools are also nearby. Built in 1920, the home combines a two-unit layout with established residential surroundings.
The property is located in the Scotia-Glenville School District and is within walking distance of an elementary school. Village shops, parks, and additional schools are also nearby. Built in 1920, the home combines a two-unit layout with established residential surroundings.
Key Highlights
- Two 2BD/1BA units in a 1,848‑square‑foot duplex
- Hardwood floors throughout both residences
- Separate utilities for each unit
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
$21,046
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
7.82%
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%
$420,920
$420.9K
Cap Rate 7%
$300,657
$300.7K
Cap Rate 9%
$233,844
$233.8K
Market Conditions
NOI Build-Up for 1,848 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
$32.2K $17.40/SF
− Vacancy
−$2.1K −$1.13/SF
EGI
$30.1K $16.27/SF
− OpEx
−$9.0K −$4.88/SF
NOI
$21.0K $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%
$420,920
Cap Rate 7%
$300,657
Cap Rate 9%
$233,844
Alternative Uses
Best Use
Multifamily LT 5
$300.7K
$263.1K – $350.8K
NOI $21,046 @ 7.0% cap · market cap 7.82%
Second Best
Apartment 5plus
$269.7K
$236.0K – $314.6K
NOI $18,877 @ 7.0% cap · market cap 7.02%
Theoretical Best
Office A
$553.1K
$484.0K – $645.3K
NOI $38,719 @ 7.0% cap · market cap 14.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
445
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 residences feature separate utilities near village shops, parks, and schools.
Where is this duplex located?
The property is located at 205 Vley Road Scotia, NY.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Two 2BD/1BA units in a 1,848‑square‑foot duplex; Hardwood floors throughout both residences; Separate utilities for each unit
