Sharon FronkRealtor® · Howard Hanna
LoadingColonie, NY 12304 · Albany County
This three-family home in South Colonie offers seven bedrooms and 3.5 bathrooms across 2,944 square feet on a 0.39-acre lot. The owner's unit contains three bedrooms and one and a half bathrooms, with two additional rental apartments comprising two and one bedroom respectively, plus a flex bedroom. A partially finished basement provides potential for additional living or rental space. The property includes a private backyard with patio, an attached one-car garage, and a detached one-car garage with utilities. Located in the Colonie Central school district with convenient access to Wolf Road's dining and shopping corridor, major highways, and the Pine Bush Preserve, this 1950-built triplex combines location and income potential without HOA fees.
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.*
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Colonie is in Albany County, NY. There are currently 103 active listings here, ranging from $59,900 to $3,900,000. Listings in this address fall under the South Colonie school district. Priced 11% above the Colonie median of $449,900.
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KW Platform · Listed by Rachel Kusaywa (24242)
Contact: 518-542-6070
MLS #202621537 · Source: Global MLS, Inc.
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