1 Loralee Drive, Colonie, NY 12205

Colonie
Local realty services provided by:HUNT Real Estate ERA
1 Loralee Drive,Colonie, NY 12205
$468,500
Virtual Tour
  • 5 Beds
  • 3 Baths
  • 2,395 sq. ft.
  • Multi-family
  • Active
Listed by: suzanne i prezio
Office: suzanne prezio properties inc
MLS#:202622149
Source:Global MLS

Price summary

  • Price:$468,500
  • Price per sq. ft.:$195.62

About this home

Two vacant units. Immediate income potential. Flexibility from Day One. Owner financing may be considered for qualified buyers with 50% down. This Village of Colonie three-family offers something that can be hard to find in a multi-family property: the opportunity to put your own plan in place from the start. With projected rents of approximately $1,650 for Unit 2 and $1,200 for Unit 3, plus $1,300 in existing monthly rent from Unit 1, the property offers potential gross rental income of approximately $4,150 per month / $49,800 annually.* Units 2 and 3 are vacant and ready for immediate occupancy, giving a new owner the flexibility to choose their own tenants and rental terms, live in one unit while collecting rent from the others, create a multi-generational living arrangement, or establish their own rental strategy without inheriting a fully occupied property. Sellers have also had the property pre-inspected, providing buyers with valuable information upfront, removing some...

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Home facts

  • Year built:1911
  • Listing ID #:202622149
  • Added:67 day(s) ago
  • Updated:September 25, 2026 at 02:40 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:3
  • Full bathrooms:3
  • Flooring:Carpet, Hardwood, Laminate
  • Bathrooms Description:Ceramic Tile Bath
  • Basement Description:Partial
  • Living area:2,395 sq. ft.

Heating and cooling

  • Heating:Hot Water, Natural Gas

Structure and exterior

  • Roof:Asphalt
  • Year built:1911
  • Building area:2,395 sq. ft.
  • Lot area:0.3 Acres
  • Lot Features:Corner Lot, Garden, Level
  • Architectural Style:Traditional
  • Construction Materials:Aluminum Siding
  • Exterior Features:Garden, Patio, Porch

Schools

  • High school:Colonie Central HS
  • Elementary school:Saddlewood ES

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$468,500
  • Price per sq. ft.:$195.62
  • Tax amount:$6,202

Features and amenities

  • Amenities:Built-in Features, High Speed Internet, Paddle Fan

Parking

  • Total parking spaces:8
  • Parking description:Driveway, Off Street, Paved
The information being provided by Global MLS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified.  © 2026 Global MLS All rights reserved.

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