Six-Bedroom Duplex with
New
For Sale
$299,900
31 Vley Road, Scotia, NY 12302
MultiFamily, Scotia, NY
Property Size2,484 SF
Lot Size0.17 Acres
Price / SF$120.73
Days on Market2
Property Features for 31 Vley Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 6, Bedroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 5, Bathroom 1
Parking
6
Parking features
Off Street, Garage, Driveway, Open
Patio and Porch features
Porch
Interior features
Paddle Fan, High Speed Internet, Built-in Features
Basement
Full
High school
Scotia-Glenville
Elementary school district
Scotia Glenville
Middle school district
Scotia Glenville
High school district
Scotia Glenville
Directions
Route 5 to Vley Rd
Standard status
Active
APN
422201 38.28-2-55
Size
2,484 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
6846
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Amenities
laundry area
attic storage
yard
garage
Building Details
Year built
1918
Number of units
2
Flooring type
Vinyl, Tile - Ceramic, Hardwood
Building materials
Aluminum Siding
Roof type
Slate
Architectural style
Other
Listing Agency:
Coldwell Banker Prime Properties · Coldwell Banker Real Estate
(518) 439-9600
Listed By:
Christopher S Kubow · License #30KU0896563
(518) 878-1756
Added: Sep 3
Last Checked: Sep 4 at 8:06AM
MLS# 202625378
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-family property contains 2,484 square feet with three bedrooms in each unit. The interiors include hardwood, vinyl, and ceramic tile flooring, built-in features, paddle fans, and high-speed internet. Recent property updates include replacement windows, newer forced-air furnaces and water heaters, updated electrical service, and new chimney liners. A full basement provides laundry space, while the walk-up attic adds storage.
The property sits on 0.17 acres at 31 Vley Road in Scotia, NY 12302. Exterior features include aluminum siding, a slate roof, a porch, public water, and public sewer. Parking includes a detached two-car garage, driveway space, and additional off-street parking. The garage has new overhead doors and openers, plus its own walk-up attic. Built in 1918, the property also includes a yard and open parking areas.
The property sits on 0.17 acres at 31 Vley Road in Scotia, NY 12302. Exterior features include aluminum siding, a slate roof, a porch, public water, and public sewer. Parking includes a detached two-car garage, driveway space, and additional off-street parking. The garage has new overhead doors and openers, plus its own walk-up attic. Built in 1918, the property also includes a yard and open parking areas.
Key Highlights
- Two‑family layout with 3 bedrooms in each unit
- 2,484 square feet on a 0.17‑acre lot
- Detached two‑car garage with new overhead doors and openers
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
$25,374
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
8.46%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
481
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 bright residential units include a full basement, attic storage, and off-street parking.
Where is this duplex located?
The property is located at 31 Vley Road 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‑family layout with 3 bedrooms in each unit; 2,484 square feet on a 0.17‑acre lot; Detached two‑car garage with new overhead doors and openers
