1 Loralee Drive, Colonie, NY 12205 (MLS # 202622149)

An opportunity like this doesn't come along often. This rare three-family property in the Village of Colonie offers exceptional flexibility, whether you're looking for an owner-occupied property, a multi-generational living arrangement, or a strong addition to your investment portfolio. 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, and 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. Upstairs, Unit 3 offers 2 bedrooms and 1 bath. Units 2 and 3 will be vacant and ready for immediate occupancy, giving you the flexibility to move right in or select your own tenants. 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, and the low taxes conveniences Colonie is known for. The property has also been pre-inspected by the sellers, allowing you to move forward with added confidence. A rare Village of Colonie triplex opportunity with outstanding versatility and income potential.

Last Updated	7/19/2026	Year Built	1911
County	Albany

SCHOOLS

Elementary School	Saddlewood ES
High School	Colonie Central HS

Additional Details

AIR	None
BASEMENT	Partial, Yes
CONSTRUCTION	Aluminum Siding
EXTERIOR	Garden
HEAT	Hot Water, Natural Gas
INTERIOR	Built-in Features, High Speed Internet
LOT	0.3 acre(s)
LOT DESCRIPTION	Corner Lot, Garden, Level
LOT DIMENSIONS	0.3
PARKING	Off Street, Paved, Driveway
SEWER	Public Sewer
STYLE	Traditional
TAXES	9627.65
UTILITIES	Cable Available, Sewer Connected
WATER	Public

Location

 

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