1 Loralee Drive, Colonie, NY 12205

Colonie
Local realty services provided by:HUNT Real Estate ERA
1 Loralee Drive,Colonie, NY 12205
$448,900
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:$448,900
  • Price per sq. ft.:$187.43

About this home

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...

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Home facts

  • Year built:1911
  • Listing ID #:202622149
  • Added:115 day(s) ago
  • Updated:November 12, 2026 at 05:00 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:$448,900
  • Price per sq. ft.:$187.43
  • 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
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