1 Loralee Drive, Colonie, NY 12205
Local realty services provided by:CENTURY 21 North East
Listed by: suzanne i prezio
Office: suzanne prezio properties inc
MLS#:202622149
Source:Global MLS
Price summary
- Price:$468,500
- Price per sq. ft.:$195.62
About this home
An opportunity like this doesn't come along often. This triplex in the Village of Colonie offers exceptional flexibility, whether you're looking for an owner-occupied property, a multi-generational living arrangement, or an addition to your investment portfolio. Ideally located, the property has also been pre-inspected by the sellers, allowing you to move forward with added confidence. Unit 1 is a first-floor, 2-bedroom, 1-bath apartment with a long-term month-to-month tenant in place and convenient washer/dryer hookups. Unit 2 features 1 bedroom, 1 bath, new appliances plus an adjoining bonus room that's perfect for a nursery, home office, or walk-in closet. A stackable washer and dryer are already in place for added convenience. Upstairs, Unit 3 has been freshly painted and professionally cleaned. It offers 2 bedrooms and 1 bath. Units 2 and 3 are vacant and ready for immediate occupancy, giving you the flexibility to choose your own tenants or move right in. Situated on a level corner lot in the South Colonie School District, with Saddlewood Elementary located at the end of the street, the property is close to shopping, restaurants, Albany International Airport, major highways, hospitals, with the low taxes and all the conveniences Colonie has to offer. A rare Village of Colonie triplex opportunity with outstanding versatility and income potential. As an added opportunity, the sellers are willing to consider owner financing with a 50% down payment for qualified buyers....
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Home facts
- Year built:1911
- Listing ID #:202622149
- Added:52 day(s) ago
- Updated:September 10, 2026 at 04:46 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:$468,500
- Price per sq. ft.:$195.62
- Tax amount:$9,627
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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