114 Victory Ave · Schenectady, NY 12307

$295,999

5 bd · 3.0 ba · 2,832 sqft · MultiFamily public records · 23 Days on market

Built 1910 3,920 sqft lot $105/sqft · 46% above area Est $203k · 46% over

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• 1% rule +9.7/10.0
• Livability +3.9/5.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

Great 3 unit building in Vale Village. Priced to sell--Long term tenants. Large units, Very Good condition, yard, full basement and attic. Owners pay heat. Very Good Condition

Key facts

• Strong cash flow
• Separate utilities
• Prime location

Tags

• STRONG CASH FLOW
• PRIME LOCATION
• SEPARATE UTILITIES
• SPACIOUS RENTAL UNITS
• FUNCTIONAL FLOOR PLANS
• STEADY RENTAL HISTORY

Property features AI

Finance

• Financial info: 3 total units; Tenants pay heat, electricity, and gas; Owner pays water, sewer, and trash collection

Exterior

• Utilities: Public water; Public sewer; Electric: other
• Home design: Triplex; Living area reported (2,832); Built on other foundation
• Construction: Aluminum siding; Vinyl siding; Shingle roof; Other foundation
• Exterior features: Shingle roof; Aluminum and vinyl siding; Lot features: other; Lot dimensions approximately 30 x 125

Interior

• Bedrooms: Unit 1: 3 bedrooms; Unit 2: 2 bedrooms; Unit 3: 1 bedroom
• Flooring: Wood flooring
• Bathrooms: 3 full bathrooms total; One full bath on the 1st level and two full baths on the 2nd level
• Heating & cooling: Natural gas heating; Has heating and cooling (cooling: other)
• Interior features: Walk-in closets; Full, unfinished basement; Fireplace(s) (other); Patio/porch (other)
• Laundry & utility: Laundry: other

What this means for you Summary

Snapshot

• This is a 5-bed/3.0-bath multifamily listed at $296k.

Deal economics

• At list price, monthly cash flow is $1k ($16k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $296k).
• Recommended offer: $292k (1.5% below list) — sets the bar for market timing.
• Cap rate 11.6% vs local median 6.3% in Schenectady — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 78/100 on livability (#167 in NY, #2,597 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, health & safety A+, cost of living A; Watch: employment D+, crime F.
• Schenectady City School District (urban): math 38% / reading 34% proficiency, ranked #556 of 590 in NY (top 94%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 65% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Dr Martin Luther King School Jr Elementary School (math 5% / reading 24%, grade F, #2,024 of 2,108 statewide, top 97%, 389 students, 79% FRL); Mont Pleasant Middle School (math 2% / reading 27%, grade F, #704 of 729 statewide, top 98%, 671 students, 81% FRL); Schenectady High School (math 75% / reading 90%, grade A, #446 of 1,100 statewide, top 41%, 2,743 students, 71% FRL).
• Market conditions: 33 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 154 units permitted in Schenectady County in 2024 (54 in 5+ unit buildings).

Forward outlook

• In year one you build about $32k of equity ($2k loan paydown + $30k appreciation (10.0% local appreciation)).
• Schenectady County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $83k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$51k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($292k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 25y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $78k; list at $296k implies a 282% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $291,559 (1.5% below list)

Questions for the listing agent

1. Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.47% ✓
• Cap rate: 11.60%
• Cash-on-cash: 18.96%
• DSCR: 1.84
• GRM: 5.7

CMA / ARV

• ARV (median comp): $203,390
• List price: $295,999
• Delta: 47.50%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
314 Georgetta Dix Plz	0.22mi	6/4.0 (+1)	2,886 (+2%)	4mo	$262,500	$91	74
316 Georgetta Dix Plz	0.22mi	6/4.0 (+1)	2,664 (-6%)	4mo	$262,500	$99	67
25 Steuben St	0.46mi	6/3.0 (+1)	2,640 (-7%)	1mo	$265,000	$100	62
820 Strong St	0.60mi	6/4.0 (+1)	2,880 (+2%)	3mo	$41,000	$14	57
222 Duane Ave	0.56mi	6/2.0 (+1)	2,700 (-5%)	1mo	$329,900	$122	56
421 Summit Ave	0.42mi	6/2.0 (+1)	2,600 (-8%)	2mo	$308,000	$118	56
16 Hawk St	0.44mi	6/2.0 (+1)	2,584 (-9%)	0mo	$370,000	$143	55
1013 Delamont Ave	0.43mi	6/2.0 (+1)	2,576 (-9%)	2mo	$111,500	$43	54
1054 Park Ave	0.61mi	6/2.0 (+1)	3,008 (+6%)	2mo	$260,000	$86	50
517 Mumford st St	0.52mi	6/3.0 (+1)	3,144 (+11%)	3mo	$120,000	$38	50
510 Mumford St	0.48mi	6/2.0 (+1)	2,544 (-10%)	2mo	$15,000	$6	50
152 Elmer Ave	0.61mi	5/2.0	2,568 (-9%)	5mo	$290,000	$113	48

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 38.4%
• Equity multiple: 3.95×
• Total profit: $244,711
• Equity at exit: $266,659

10-year hold

• IRR: 33.1%
• Equity multiple: 8.91×
• Total profit: $655,294
• Equity at exit: $575,061

Cash invested: $82,880 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 15 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City: — inherits STATE

NYC rent stabilization (~1M units); 2019 HSTPA strengthened tenant rights; courts deeply backlogged.

Methodology + full state rankings →

ZIP-level market 12307

• Home prices YoY: 3.3%
• Active inventory: 33
• Price-to-rent: 17.0×

Monthly cashflow live

• Estimated rent: $4,354 high
• Mortgage (P&I): −$1,552
• Tax from tax record: −$455 /mo · $5,458/yr
• Insurance: −$123
• HOA: −$0
• Vacancy / Maint / Mgmt: −$914
• Net cashflow: $1,309

Break-even live

Break-even rent $2,697

Max offer price $295,999

Occupancy floor 65%

Sensitivity live

Price	-10% $1,477	-5% $1,393	+0% $1,309	+5% $1,225	+10% $1,142
Rent	-10% $965	-5% $1,137	+0% $1,309	+5% $1,481	+10% $1,653
Rate	-1.0pp $1,458	-0.5pp $1,384	base $1,309	+0.5pp $1,233	+1.0pp $1,154

3-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 3× units	2	1	$4,353
Total (3 units)			$4,354

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $74,000
• Closing costs: $8,880
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1347 Union St Schenectady, NY	4.0	1.5	2188	$3,750	$1.71	45d	1	0.93mi
1346 10th Ave Schenectady, NY	4.0	2.0	2350	$2,499	$1.06	16d	1	1.40mi

Listing history 40 events

1. 2026-06-18
   status $295,999 Pending 23 DOM
2. 2026-06-17
   days on market $295,999 Active 23 DOM
3. 2026-06-16
   days on market $295,999 Active 22 DOM
4. 2026-06-15
   days on market $295,999 Active 21 DOM
5. 2026-06-14
   days on market $295,999 Active 19 DOM
6. 2026-06-13
   days on market $295,999 Active 18 DOM
7. 2026-06-10
   days on market $295,999 Active 16 DOM
8. 2026-06-09
   days on market $295,999 Active 15 DOM
9. 2026-06-08
   days on market $295,999 Active 14 DOM
10. 2026-06-07
    days on market $295,999 Active 13 DOM
11. 2026-06-03
    days on market $295,999 Active 9 DOM
12. 2026-06-02
    days on market $295,999 Active 8 DOM
13. 2026-06-01
    days on market $295,999 Active 7 DOM
14. 2026-05-31
    days on market $295,999 Active 6 DOM
15. 2026-05-31
    days on market $295,999 Active 5 DOM
16. 2026-05-11
    historical
17. 2025-11-11
    listed $300,000 Active
18. 2022-06-02
    soldstatus $77,500
19. 2020-10-08
    soldstatus $65,000
20. 2020-07-31
    soldstatus $65,000 Closed (Final Sale) 175-char remark

    Show marketing remark (175 chars)

    Great 3 unit building in Vale Village. Priced to sell--Long term tenants. Large units, Very Good condition, yard, full basement and attic. Owners pay heat. Very Good Condition

21. 2020-05-17
    status Pend (Under Cntr) 175-char remark

    Show marketing remark (175 chars)

    Great 3 unit building in Vale Village. Priced to sell--Long term tenants. Large units, Very Good condition, yard, full basement and attic. Owners pay heat. Very Good Condition

22. 2020-04-20
    status Active 175-char remark

    Show marketing remark (175 chars)

    Great 3 unit building in Vale Village. Priced to sell--Long term tenants. Large units, Very Good condition, yard, full basement and attic. Owners pay heat. Very Good Condition

23. 2020-01-28
    status Pend (Under Cntr) 175-char remark

    Show marketing remark (175 chars)

    Great 3 unit building in Vale Village. Priced to sell--Long term tenants. Large units, Very Good condition, yard, full basement and attic. Owners pay heat. Very Good Condition

24. 2019-12-27
    price $74,900 175-char remark

    Show marketing remark (175 chars)

    Great 3 unit building in Vale Village. Priced to sell--Long term tenants. Large units, Very Good condition, yard, full basement and attic. Owners pay heat. Very Good Condition

25. 2019-09-17
    price $79,900 175-char remark

    Show marketing remark (175 chars)

    Great 3 unit building in Vale Village. Priced to sell--Long term tenants. Large units, Very Good condition, yard, full basement and attic. Owners pay heat. Very Good Condition

26. 2019-08-14
    price $82,900 175-char remark

    Show marketing remark (175 chars)

    Great 3 unit building in Vale Village. Priced to sell--Long term tenants. Large units, Very Good condition, yard, full basement and attic. Owners pay heat. Very Good Condition

27. 2019-06-02
    listed $89,900 New 175-char remark

    Show marketing remark (175 chars)

    Great 3 unit building in Vale Village. Priced to sell--Long term tenants. Large units, Very Good condition, yard, full basement and attic. Owners pay heat. Very Good Condition

28. 2010-01-08
    soldstatus $35,000
29. 2009-11-24
    soldstatus $50,000
30. 2009-09-03
    historical
31. 2009-03-04
    listed $61,000
32. 2009-02-26
    historical
33. 2008-08-20
    listed $20,000
34. 2006-05-25
    soldstatus $62,000
35. 2006-05-19
    soldstatus $62,000
36. 2005-11-23
    listed $65,000
37. 2002-05-24
    soldstatus $30,000
38. 2002-05-23
    soldstatus $30,000
39. 2002-03-21
    historical
40. 2001-12-18
    listed $35,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NY · Partial reset (capped growth)

• Current annual tax: $5,458 · $455/mo
• Projected year-2 tax: $5,458 · $455/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥96°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 4% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $52,248
• − Mortgage interest: −$16,581
• − Property taxes: −$5,458
• − Insurance: −$1,480
• − Repairs & maintenance: −$4,180
• − Management: −$4,180
• − Depreciation: −$8,611
• Taxable income: $11,758
• Est. tax owed @ 24.0%: −$2,822
• After-tax cash flow: $12,888/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Schenectady City School District
• NCES district ID: 3626010
• Math proficiency: 38% ▲ 12.00%
• Reading proficiency: 34% ▲ 2.00%
• Median HH income: $39,453
• Composite: 30.2/100
• National rank: #6309
• State rank: #556 of 590 in NY

Livability — Schenectady

• Score: 78/100
• State rank: #167
• US rank: #2597

Category grades

Amenities B- Commute A+ Cost of living A Crime F Employment D+ Housing A Health & safety A+ User ratings C

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Schenectady, NY
• City population: 141,369
• Population (ZIP): 7,977

Population outlook (Schenectady County) Hauer SSP2

• Today (2025): 155,046 people
• By 2030: 154,322 · -0.5%
• By 2040: 151,796 · -2.1%
• By 2050: 148,621 · -4.1%
• By 2075: 141,229 · -8.9%
• By 2100: 126,014 · -18.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.81)
• Race & ethnicity: Black 28% Hispanic / Latino 25% White 19% Two or more races 16% Asian 11% Native American 3%
• Hispanic origin (detail): Mexican 5% Puerto Rican 14% Dominican 3%
• Common ancestry: Lithuanian 3% Ukrainian 3% Romanian 1%
• Foreign-born: 32% · Canada, Jamaica, South Korea
• Languages at home: 79% English-only · Spanish 12% Arabic 2% Other Asian/Pacific 1%

Political lean MEDSL · Schenectady

• 2024 margin: D (+10.8) · D 55.4% · R 44.6%
• 2008→2024 swing: -1.8pp toward R · 2008: 12.7pp · 2024: 10.8pp
• All cycles: 2024: D+10.8 2020: D+15.7 2016: D+5.8 2012: D+15.4 2008: D+12.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 12.60%
• Current HPI: 398.0252
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

+745.7% since first listed

27 events — show timeline

• 2026-06-17 Pending — Global MLS
• 2026-05-25 Listed $295,999 Global MLS
• 2026-05-11 Listing Removed — Global MLS
• 2025-11-11 Listed $300,000 Global MLS
• 2022-06-02 Sold (Public Records) $77,500 Public Records
• 2020-10-08 Sold (Public Records) $65,000 Public Records
• 2020-07-31 Sold (MLS) $65,000 Global MLS
• 2020-05-17 Pending — Global MLS
• 2020-04-20 Relisted — Global MLS
• 2020-01-28 Pending — Global MLS
• 2019-12-27 Price Changed $74,900 Global MLS
• 2019-09-17 Price Changed $79,900 Global MLS
• 2019-08-14 Price Changed $82,900 Global MLS
• 2019-06-02 Listed $89,900 Global MLS
• 2010-01-08 Sold (Public Records) $35,000 Public Records
• 2009-11-24 Sold (MLS) $50,000 Global MLS
• 2009-09-03 Listing Removed — Global MLS
• 2009-03-04 Listed $61,000 Global MLS
• 2009-02-26 Listing Removed — Global MLS
• 2008-08-20 Listed $20,000 Global MLS
• 2006-05-25 Sold (Public Records) $62,000 Public Records
• 2006-05-19 Sold (MLS) $62,000 Global MLS
• 2005-11-23 Listed $65,000 Global MLS
• 2002-05-24 Sold (MLS) $30,000 Global MLS
• 2002-05-23 Sold (Public Records) $30,000 Public Records
• 2002-03-21 Listing Removed — Global MLS
• 2001-12-18 Listed $35,000 Global MLS

Property tax history

+1.6%/yr

Latest (2025): $5,458 · +7.2% YoY. Source: county tax records.