Duplex with Detached
For Sale
$299,900
Pending
31 Vley Rd, Scotia, NY 12302
Two residential units include basement laundry, attic storage, and off-street parking.
Property Size2,484 SF
Days on Market49
Property Features for 31 Vley Rd
General Information
Standard status
Pending
Size
2,484 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Amenities
full basement with laundry area
walk-up attic
garage
yard
Building Details
Year Built
1918
Listing Agency:
Cartier Real Estate Group LLC
Listed By:
Michael Field · License #10491203035
(518) 669-1804
Source:
Fieldrealty
Added: Sep 5
Changed: Oct 21
Last Checked: Oct 20 at 9:00PM
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 Cartier Real Estate Group LLC
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Investment Insights
Based on property information with market context.
This 2,484-square-foot duplex, built in 1918, contains two residential flats with three bedrooms each. The property includes a full basement with laundry space, a walk-up attic for storage, and a second attic area above the detached garage. Recent property updates include replacement windows, newer furnaces and water heaters, updated electrical service, and chimney liners.
The detached two-car garage has new overhead doors and openers. A yard and off-street parking provide additional exterior utility, with driveway space for multiple vehicles. Located at 31 Vley Rd in Scotia, the property offers a two-unit layout with features suited to either owner occupancy or continued residential rental use.
The detached two-car garage has new overhead doors and openers. A yard and off-street parking provide additional exterior utility, with driveway space for multiple vehicles. Located at 31 Vley Rd in Scotia, the property offers a two-unit layout with features suited to either owner occupancy or continued residential rental use.
Key Highlights
- Two‑unit duplex with 2,484 square feet and three bedrooms in each flat
- Full basement with laundry area and walk‑up attic storage
- Detached two‑car garage with new overhead doors and openers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,374
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$507,480
$507.5K
Cap Rate 7%
$362,486
$362.5K
Cap Rate 9%
$281,933
$281.9K
Market Conditions
NOI Build-Up for 2,484 SF
Gross rent
$49.2K $19.80/SF
− Vacancy
−$3.0K −$1.23/SF
EGI
$46.1K $18.57/SF
− OpEx
−$20.8K −$8.36/SF
NOI
$25.4K $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%
$507,480
Cap Rate 7%
$362,486
Cap Rate 9%
$281,933
Alternative Uses
Best Use
Multifamily LT 5
$404.1K
$353.6K – $471.5K
NOI $28,289 @ 7.0% cap · market cap 9.43%
Second Best
Apartment 5plus
$362.5K
$317.2K – $422.9K
NOI $25,374 @ 7.0% cap · market cap 8.46%
Theoretical Best
Office A
$743.5K
$650.6K – $867.4K
NOI $52,045 @ 7.0% cap · market cap 17.35%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
450
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units include basement laundry, attic storage, and off-street parking.
Where is this duplex located?
The property is located at 31 Vley Rd Scotia, NY.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two‑unit duplex with 2,484 square feet and three bedrooms in each flat; Full basement with laundry area and walk‑up attic storage; Detached two‑car garage with new overhead doors and openers
