Colonie, NY 12304 · Albany County

This three-family home in Colonie offers multiple revenue or occupancy configurations on a 0.39-acre lot. The owner's unit contains three bedrooms and one and a half bathrooms, with a two-bedroom and one-bedroom unit rounding out the triplex, plus a flex bedroom adaptable to any unit. A partially finished basement provides room to expand living space or explore development potential. Two detached garages, one attached, supply ample parking and storage; the detached structure includes utilities. The backyard features a patio and garden space. Located in Colonie Central school district with highway access to regional restaurants, shopping, and the Pine Bush Preserve nearby.
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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The district this address is assigned to. Ratings and reviews are hosted on GreatSchools.
Assigned districts can change and are not guaranteed. Confirm enrollment boundaries with the district directly before relying on them.
Colonie is in Albany County, NY. There are currently 120 active listings here, ranging from $45,000 to $5,200,000. Listings in this address fall under the South Colonie school district. Priced 5% above the Colonie median of $474,450.
See Sharon's Colonie community guideSharon represents buyers for this property. Your tour, offer, and inquiries go through her, not the listing brokerage.
KW Platform · Listed by Rachel Kusaywa (24242)
Contact: 518-542-6070
MLS #202621537 · Source: Global MLS, Inc.
IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Sharon Fronk Real Estate is committed to compliance with the Fair Housing Act and provides equal opportunity in housing.
Real numbers from current MLS data. Not a third-party estimate.





Every change captured by Global MLS since this listing went live.
Public assessment record for the Colonie roll · South Colonie school district · Three Family Year-Round Residence
| Year | Assessed value | Full market value | Change |
|---|---|---|---|
| 2025 | $140,000 | $320,400 | +9.9% |
| 2024 | $140,000 | $291,667 | +6.3% |
| 2023 | $140,000 | $274,500 | +9.3% |
| 2022 | $140,000 | $251,121 | +5.8% |
| 2021 | $140,000 | $237,288 |
Assessed and full market values come from the local assessor and lag the market; the tax bill is the assessed value times the town, county and school rates, which the seller’s disclosure will show. STAR and other exemptions are not reflected here.
Outside FEMA-mapped flood hazard areas
This point is not inside any Special Flood Hazard Area or moderate-risk zone on the current FEMA flood map. Flood insurance is optional here and usually inexpensive.
See the official FEMA flood map for this pointSource: FEMA National Flood Hazard Layer, checked 2026-09-10. Zones are drawn by FEMA and can change; an elevation certificate governs insurance.