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1 Loralee Drive, Colonie
$448,900
5 Beds ⋅ 3 Baths ⋅ 202622149 MLS
FULLY RENTED 3-FAMILY | $48,600 ANNUAL GROSS INCOME INVESTORS, TAKE NOTICE! Exceptional opportunity to own an established, income-producing three-family property in the desirable Village of Colonie and South Colonie School District! All three apartments are currently rented, generating $4,050 monthly — $48,600 annually in gross rental income! Adding to the property's investment appeal is an 18-year long-term tenant who contributes 50% toward the property's gas heating bill, helping offset an important operating expense. Owner financing may be considered for a qualified buyer with 50% down. Offering approximately 2,395 square feet, this property features three distinct apartments with a total of five bedrooms and three full bathrooms. Unit 1: First-floor two-bedroom apartment occupied by a reliable, long-term tenant of 18 years, featuring washer/dryer hookups. Unit 2: One-bedroom apartment featuring newer appliances, a versatile bonus room ideal for a home office, walk in closet or flexible living space, and a stackable washer and dryer. Unit 3: Two-bedroom upper apartment recently refreshed with new kitchen cabinetry, range hood, updated lighting, and attractive vinyl plank flooring. Situated on a generous 0.30-acre corner lot, the property offers paved off-street parking for up to eight vehicles — an excellent convenience for a multi-family investment. Centrally located near shopping, restaurants, Albany International Airport, hospitals, major highways, and local amenities. Property pre-inspection documentation and current rental information available for buyer review. Whether expanding your investment portfolio or purchasing your first income property, 1 Loralee Drive offers established rental income, a long-term tenancy, recent improvements, and a convenient location. Schedule your private showing today!

1 Loralee Drive, Colonie

78 B McNutt Avenue, Colonie
$450,000
3 Beds ⋅ 2 Baths ⋅ 202622135 MLS
NEW CONSTRUCTION. Enjoy the Elegance of an Award Winning Bill Lake Modular Home with many design choices and floor plan layouts. We have presented renderings of the The Rosemarie Model which is a 3BD, 2BA ranch style home with 1438 sq ft of living space and 2 car attached garage. Modular homes are considerably faster to build then onsite stick build homes and are built with superior craftsmanship, current building standards and in a factory setting and then completed onsite and set on a traditional foundation. These homes are Energy Star compliant and expected to create annual savings on your energy costs. Some customization is possible for a Buyer that signs a contract prior to August 31, 2026. Amenities such as Granite or Quartz Countertops, Custom Cabinets, Hardwood, Ceramic Tile Baths and Stainless-Steel Appliances are the standard. Located in the Colonie School District. Don't miss out on a beautifully designed new home in a mature subdivision in the Town of Colonie. Listing Broker is the Manager of the Property Owner.

78 B McNutt Avenue, Colonie

2187 Central Avenue, Colonie
$500,000
7 Beds ⋅ 4 Baths ⋅ 202621537 MLS
**Back on Market due to Buyer Financing. No fault of the property.** Whether you're looking for multigenerational living, hoping to offset your mortgage with rental income or searching for an investment property with exceptional income potential, this versatile South Colonie property has so much to offer. Located in the South Colonie School District with low Colonie taxes, this rare three-family home offers flexibility that's hard to find. The spacious owner's unit features 3 bedrooms and 1.5 bathrooms, while the additional apartments include a 2-bedroom unit and a 1-bedroom unit. There's also a flex bedroom that could easily be incorporated into any of the units for additional living space or rental value. The large, partially finished garden-level basement offers exciting potential for additional finished living space or the possibility of creating a future fourth unit (subject to any required approvals and permits). Outside, you'll find a massive, private backyard with a patio that's perfect for relaxing, entertaining or giving tenants plenty of outdoor space to enjoy. Parking and storage are a breeze with both an attached one-car garage and a detached one-car garage. The detached garage has both electricity and water run to it. Conveniently located with easy access to a major bus route, shopping, restaurants and everyday amenities, this property combines location, flexibility and long-term value. Whether you're planning to live in one unit while generating income from the others or expanding your investment portfolio, this is a property packed with possibilities. *Photos limited for tenant privacy.*

2187 Central Avenue, Colonie

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