Colonie Multi-Family Properties for Sale

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Newest Colonie Multi-Family Homes for Sale

$975,000

4 Beds ⋅ 6 Baths ⋅ 202625891 MLS

Discover a rare new-construction opportunity on private Fattoria Lane in Latham, built by Valente Building Group, LLC. Offered as one complete side-by-side DUPLEX, Units 2A and 2B provide two thoughtfully designed residences with exceptional flexibility for owner-occupancy, investment use or buyers seeking adjoining living spaces. Each residence offers approximately 1,404 square feet of above-grade living space with an open kitchen, dining and living layout, 2 bedrooms, 2.5 bathrooms, a primary suite with private bath and walk-in closet, second-floor laundry, private entrance, attached one-car garage, basement, front porch and rear deck. Together, the property provides approximately 2,808 square feet of above-grade living space, two garages and two basements. Depending on construction progress, the purchaser may have the opportunity to select certain interior finishes from builder-approved options. Located within the North Colonie Central School District; buyer to verify current school assignments. Per subdivision approval, Units 2A and 2B must be purchased together and may not be conveyed separately. Plans and renderings depict proposed construction; final finishes, dimensions, landscaping, taxes and completion timing are subject to final construction documents, builder approval and municipal requirements. Depending on construction progress, the buyer may select certain interior finishes from builder-approved options

261 Troy-Schenectady Road 2 A & B Fattoria Lane

$225,000

3 Beds ⋅ 2 Baths ⋅ 202625818 MLS

Opportunity and flexibility come together in this legal two-family bungalow, ideal for an owner-occupant, multi-generational living, or an investor building their rental portfolio. The first-floor apartment offers 2 bedrooms and 1 bath, while the second-floor apartment features 1 bedroom and 1 bath. Each unit has its own deck, separate electric meter, and mini-splits for heating and air conditioning. Estimated rents of approximately $1,300/month for the lower unit and $1,000/month for the upper unit, plus taxes and insurance, offer potential for $2,300 a month in income and a 10% cap rate. Live in one and rent the other to help offset your housing costs, rent both, or create a comfortable setup for extended family. A detached one-car garage adds parking and storage. With some personal touches and updates, this property offers an opportunity to make it your own while adding value over time. Conveniently located on a pleasant residential street close to shopping, dining, services, and everyday conveniences.

4 Homestead Avenue

$459,900

5 Beds ⋅ 3 Baths ⋅ 202625807 MLS

Prime Village of Colonie Location! 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

$449,900

4 Beds ⋅ 2 Baths ⋅ 202624922 MLS

Great investment or owner-occupancy opportunity in desirable Colonie location! This well-maintained duplex offers a great combination of location and income potential. Each unit features 2 bedrooms, 1 full bath, kitchen, and living room, all conveniently situated on one level, with hardwood floors. Newer Pella vinyl replacement windows and a BRAND-NEW roof w/ warranty. Separate utilities for each unit, a clean asphalt driveway extending to the rear of the home, and asphalt walking paths along the side. Additional off-street parking is available in front with a convenient paved parking area. A standout feature is the large 2-car garage, offering an excellent opportunity for additional rental income--a rare feature in Colonie. Both units are currently rented at below market rents, providing a significant opportunity for a new owner to increase rental income and maximize the property's potential. Conveniently located with easy access to major highways, shopping, restaurants, and everyday amenities. Whether looking to add to your investment portfolio or owner-occupy while generating rental income, this property offers strong potential.

54 McNutt Avenue

$599,000

6 Beds ⋅ 4 Baths ⋅ 202623879 MLS

Welcome to 1 Dowling Rd, a fantastic two-family property situated on a desirable, tree-lined street in Colonie and located within the South Colonie School District. Set on a spacious corner lot, this property offers a large back and side yard, providing plenty of outdoor space. Each unit features three bedrooms, 1.5 bathrooms, spacious living rooms, and large eat-in kitchens, offering comfortable and functional living spaces. Both units also include recreational space in the basement with egress, providing valuable additional space. Enclosed front porch areas add extra versatility and charm, while expanded driveways for each side offer ample off-street parking. Whether you're an investor seeking a solid income-producing opportunity, looking for a multigenerational living arrangement, or a first-time homebuyer interested in building equity while offsetting expenses, this property offers tremendous potential. Conveniently located near shopping, dining, major roadways, and everyday amenities, 1 Dowling Rd is a property worth exploring.

1 Dowling Road

$435,000

4 Beds ⋅ 2 Baths ⋅ 202623658 MLS

Opportunity knocks for a new owner of this fantastic side by side two family in South Colonie school district. Each unit has two bedrooms and one bathroom each. Separate driveways for both units. Huge backyard. Hard to find duplexes that aren't over 70 years old. Convenient to all shopping.

17 Berwyn Street

$999,777

8 Beds ⋅ 3 Baths ⋅ 202622428 MLS

5-acre offering consisting of two parcels being sold in the North Colonie School District. The property features a 3,200 SF, five-bedroom main house and a three-bedroom second house offering an opportunity for updating, plus a 40' x 60' insulated steel-frame outbuilding with 200-amp electrical service. Adjacent to the North Colonie Soccer Complex, the property offers potential for approximately 8 to 12 total residential lots based on the layout and SFR zoning, subject to review and approvals. The seller reports that lands bordering the property to the east and west are protected as forever-wild land, limiting development and helping preserve long-term privacy. An opportunity for an owner-occupant, investor, builder, or developer seeking acreage and convenient access to schools, recreation, shopping, and major transportation routes. Buyer to independently verify subdivision potential, protected-land status, utilities, and all proposed uses.

454-456 Vliet Street

$468,500

5 Beds ⋅ 3 Baths ⋅ 202622149 MLS

Village of Colonie triplex. Whether you're looking for an owner-occupied property, a multi-generational living arrangement, or an addition to your investment portfolio, an opportunity to own a three unit in one of the area's most desireable locations doesn't come along often. 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.

1 Loralee Drive

$500,000

7 Beds ⋅ 4 Baths ⋅ 202621537 MLS

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

$374,000

4 Beds ⋅ 2 Baths ⋅ 202620507 MLS

A Rare Find in South Colonie -- Income-Producing Duplex with Long-Term Stability. Meet your next smart investment at 162 Consaul Road. This well-kept duplex in South Colonie School District comes with something money can't buy -- a dependable, long-term tenant already in place on the first floor, with over 20 years of continuous occupancy. Day one cash flow, zero guesswork. Month to month lease in place. The first-floor unit is a proven performer, and the second floor presents a prime opportunity -- whether you choose to owner-occupy and let your tenant help pay the mortgage, or lease it out and maximize your return on both units. Each unit offers two bedrooms, a full bathroom, in-unit laundry, and a bonus room & walk-out basement in unit 1. Out back, a private deck overlooks a generous yard, giving residents an outdoor retreat that sets this property apart from the typical rental.

162 Consaul Road

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