4 Homestead Avenue, Colonie, NY 12304

  • Pending

 $210,000

  • 3 BedroomBedrooms
  • 2 BathroomBathrooms
  • 1,101 Sq.Ft.
  • Multi-Family
  • Pending
  • MLS# 202625818
  • Sold On
  • Rental
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Source MLS Verified

PROPERTY DESCRIPTION

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.

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Property Details

General

  • County: Albany
  • Style: Other
  • Beds: 3
  • Full Bathrooms: 2
  • Year Built: 1930
  • Sq. Ft.: 1,101
  • Lot Size: 0.0900
  • Garage/Parking Spaces: 1.00

Schools

  • High: Colonie Central HS

Financial Considerations

  • Tax Amount: $3,925

Activity

  • Days On Market: 7
  • List Date: 09/10/2026
 

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