Quick Colonie NY MLS Search

Browse All Colonie NY Multi-Family Properties for Sale

27 Delafield Drive, Colonie
$459,900
5 Beds ⋅ 3 Baths ⋅ 202625807 MLS
Prime Village of Colonie Location! Open House Sunday Sept 12th 10:00am to 12:00 pm How often does an investment opportunity come with a freshly renovated place to call your own? This versatile two-unit property offers five bedrooms, three bathrooms, and 2,460 square feet, creating an appealing option for owner-occupants, investors, or buyers envisioning a future return to SINGLE FAMILY living The renovated owner's unit brings welcome polish, while a new roof and updated mechanicals tackle the less glamorous--but very important--parts of ownership. A four-season room extends everyday living, and the flexible configuration lets the property adapt as plans change. Outside, the large fenced yard supplies room for gardening, recreation, or shared outdoor enjoyment. A one-car garage adds valuable covered parking and storage, because bicycles, tools, and snow shovels all seem to multiply when nobody is looking. The Colonie setting rounds out the package with access to local schools and convenient access to everyday destinations. Colonie Center and Wolf Road Shoppers Park keep shopping and dining close, while The Crossings Park of Colonie and William K. Sanford Town Library offer easy outlets for trails, programs, and downtime. The neighborhood feels established and connected without sacrificing practical convenience. Positioned at a compelling price point for its size, flexibility, and upgrades, this no-smoking property makes room for both immediate utility and long-range vision.

27 Delafield Drive, Colonie

1 Loralee Drive, Colonie
$459,500
5 Beds ⋅ 3 Baths ⋅ 202622149 MLS
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 BRs and 1 bath and has recently been improved with new kitchen cabinets, a new range hood, new lighting, and new vinyl plank flooring thoughout. Outside, the property sits on a .30-acre corner lot with paved off-street parking for up to 8 vehicles. Located in the South Colonie School District with Saddlewood Elementary at the end of the street, the property is convenient to shopping, restaurants, Albany International Airport, hospitals and major highways. For buyers looking to add an income-producing property to their portfolio, 1 Loralee Drive offers immediate revenue with tenants already in place

1 Loralee Drive, Colonie

2187 Central Avenue, Colonie
$500,000
7 Beds ⋅ 4 Baths ⋅ 202621537 MLS
**Back on Market due to Buyer Financing. No fault of the property.** 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.*

2187 Central Avenue, Colonie

119 Sand Creek Road, Colonie
$426,119
4 Beds ⋅ 3 Baths ⋅ 202616848 MLS
Multiple Offers Received. Asking for all offers to be in Monday, 5/18 at 12 noon Well-maintained brick duplex located in the highly sought-after South Colonie School District! This unique property has been lovingly owned and maintained by the same family since it was built, offering a rare opportunity with true pride of ownership throughout. The first-floor unit features beautiful hardwood floors, an updated kitchen with granite countertops, grey glass subway tile backsplash, re-faced cabinets, and NEW stainless steel appliances, along with two spacious bedrooms and a full bath. The second-floor unit offers a full kitchen, two bedrooms plus a dedicated office space--ideal for today's work-from-home needs. Both units include their own washer and dryer for added convenience. A large finished basement provides the perfect space for entertaining or ample storage and includes a convenient half bath--a valuable added feature. Both hot water heaters have been replaced within the last 1.5 years for added peace of mind. The enclosed breezeway, complete with a sliding door and screen leading to the backyard, serves as a useful drop zone and ideal flex space that invites easy indoor-outdoor living and weekend BBQs, while connecting the home to the one-car garage. Situated on a generous almost ½-acre lot, the property features a fully fenced, beautifully cleared and landscaped yard with impeccable landscaping that includes perennial blooms. Enjoy the above-ground pool with a raised deck at pool level, a designated garden area at the rear of the property, and a fire pit perfect for relaxing evenings. Separate off-street parking for each unit adds to the property's functionality and appeal. Whether you're looking for an owner-occupied investment, a strong addition to your portfolio, or the opportunity to re-convert the home into a larger single-family residence, this property offers versatility, charm, and a prime location in an award-winning school district.

119 Sand Creek Road, Colonie

Start Your Search

©2019 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. Data last updated

Colonie Multi-Family Real Estate

Our website features the best real estate search for multi-family properties available in Colonie and surrounding areas. It is the only site you will ever need! It is easy-to-use and updated by the official Realtor®’s database every 15 minutes. 

You can save searches, and get daily email alerts of new listings, price changes, sold data, and market reports. Our Interactive Map Search allows you to view properties on a map or refine your search by drawing the boundaries around the area you desire. 

Curious about what’s happening in your neighborhood? You can create a custom market report to see what’s active, under contract, and sold in your neighborhood! 

Considering selling or refinancing your home? Get an INSTANT property valuation now!

Contact us today to find out how we can be of assistance to you!

How much is your home worth?

Get instant property value now!