1879 Central Avenue, Colonie, NY 12205

Local realty services provided by:HUNT Real Estate ERA
1879 Central Avenue,Colonie, NY 12205
$659,900
  • 4 Beds
  • 7 Baths
  • 3,450 sq. ft.
  • Multi-family
  • Active
Listed by: jennifer mentiply
Office: renovo real estate
MLS#:202610677
Source:Global MLS

Price summary

  • Price:$659,900
  • Price per sq. ft.:$191.28

About this home

Positioned along a high-visibility corridor in Colonie, this well-maintained mixed-use property delivers immediate cash flow with clear value-add upside. The asset features two street-level commercial spaces with long-term tenants, four one-bedroom apartments, one studio apartment, and a three-bay garage, all supported by ample off-street parking, a rare combination in this location! The building has been consistently rented, reflecting durable tenant demand. Current rents are below market, presenting a compelling opportunity for an investor to drive NOI through strategic rent optimization while maintaining stability. The roof was replaced approximately ten years ago and the studio was recently renovated. Total annual rents currently total $61,920 with yearly expenses around $15,000 making the NOI approx $46,920 and a 7.1% Cap rate! Coin Laundry washer and dryer on Premises!

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an ERA®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an ERA®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , CENTURY 21® , Coldwell Banker® , Corcoran® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1956
  • Listing ID #:202610677
  • Added:8 day(s) ago
  • Updated:January 24, 2026 at 03:29 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:7
  • Full bathrooms:5
  • Half bathrooms:2
  • Living area:3,450 sq. ft.

Heating and cooling

  • Heating:Baseboard, Forced Air, Hot Water

Structure and exterior

  • Year built:1956
  • Building area:3,450 sq. ft.
  • Lot area:0.22 Acres

Schools

  • High school:Colonie Central HS

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$659,900
  • Price per sq. ft.:$191.28
  • Tax amount:$7,362
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.

New listings near 1879 Central Avenue