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1 Loralee Drive, Colonie, NY 12205

Colonie
Local realty services provided by:CENTURY 21 North East
1 Loralee Drive,Colonie, NY 12205
$459,500
Virtual Tour
  • 5 Beds
  • 3 Baths
  • 2,395 sq. ft.
  • Multi-family
  • Pending
Listed by: suzanne i prezio
Office: suzanne prezio properties inc
MLS#:202622149
Source:Global MLS

Price summary

  • Price:$459,500
  • Price per sq. ft.:$191.86

About this home

Fully rented. $4,050/month in gross rental income. Generate revenue from Day One. Owner financing may be considered for qualified buyers with 50% down. This Village of Colonie three-family offers an established revenue stream from the start. All three units are occupied and generating $4,050 per month / $48,600 annually in gross rental income. Unit 1 rents for $1,400/month with a long-term month-to-month tenant who shares the cost of heat with the sellers. Units 2 and 3 rent for $1,200 and $1,450/month respectively, with signed one-year leases and options to renew for an additional year. Sellers have also had the property pre-inspected, providing buyers with valuable information upfront and removing some of the guesswork. Unit 1 is a first-floor 2 BR, 1-bath apartment with washer/dryer hookups. Unit 2 offers 1 BR, 1 bath, new appliances, an adjoining bonus room ideal for an office, nursery or walk-in closet, plus a new stackable washer and dryer. Upstairs, Unit 3 offers 2...

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Home facts

  • Year built:1911
  • Listing ID #:202622149
  • Added:96 day(s) ago
  • Updated:October 24, 2026 at 09:14 AM

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:$459,500
  • Price per sq. ft.:$191.86
  • 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. NY_GCAR Member Broker: Jim D’Amico

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