176 Exchange Street Colonie, NY $ 459,000
176 Exchange Street
$ 459,000
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176 Exchange Street

Colonie, NY, 12205
$ 459,000
Bedrooms5 Baths2.0 Sq 2,176

Monthly Estimate*

$ 3,170

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Multi-Family Home for sale in Colonie, NY

for $459,000 with 5 bedrooms and 2 full baths. This 2,176 square foot home was built in 1998 on a lot size of 0.47.

Prime Investment or Owner-Occupied Opportunity: 176 Exchange St. 2 Single-Family Homes on One Lot (Multi-Unit Setup) Total Monthly Income / Potential: Front house estimated up to $2,500/mo (vacant) + Rear house currently rented at $1,950/mo. Condition: Fully renovated and in excellent condition throughout. **Property Overview** Welcome to 176 Exchange St.—a rare and exceptional dual-property offering featuring two fully renovated, turnkey single-family homes on a single lot. Whether you are an astute investor looking for a strong, income-producing portfolio addition or a buyer wanting to offset your mortgage by living in one home and renting out the other, this property delivers unmatched versatility and value. Front House (Vacant & Move-In Ready) Size: 1,215 sq. ft. Layout: 3 bedrooms, 1 bathroom, plus a flexible bonus room in the basement ideal for an office or additional bedroom. Features: Includes convenient basement laundry hookups. Rental Potential: Estimated up to $2,500 per month, making it ideal for an immediate tenant placement or an effortless owner-occupancy transition. Rear House (Current Income Generator) Layout: 2 bedrooms, 1 bathroom. Current Status: Currently occupied and generating steady rental income at $1,950 per month Upgrades: Features brand-new Mini-Split HVAC systems for efficient year-round climate control. Mechanicals & Highlights Upgraded Utilities: Both homes are separately metered for gas and electric, meaning tenants pay their own utilities. Roof: Front house roof is under 8 years old, providing long-term peace of mind. Modern Comforts: Fully renovated from top to bottom with updated plumbing and a brand-new hot water heater. Low Maintenance: Both structures are in pristine, excellent condition, allowing you to move right in or start collecting rent with peace of mind. Don't miss out on this turnkey dual-home property offering stellar cash flow and flexibility!

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Multi-Family Active

Price

$ 459,000

Bedrooms

5

Full Bath

2

Property Type

Multi-Family

Taxes

$ 8,439

Style

Ranch

Lot Size

0.47

Year Built

1998

Town/City

Colonie

County/Region

Albany

MLS | Web ID

202629739

Features
General
Sewer Shared Septic
Heating Hot Water
Possession Subject To Tenant Rights At Closing
Roof Asbestos Shingle
Garage Spaces 0
Architectural Style Ranch
Security Features Smoke Detector(s)
Construction Materials Vinyl Siding
Year Built 1998
Tenant Pays Heat Internet Electricity Gas
Property Subtype Duplex
Ownership Shoemaker
County Albany
New Construction false
Property Type MultiFamily
HOA false
Attached Garage false
Full Baths 2
Status Active
Directions I-90 to Everett Road to Exchange Street.
High School Colonie Central HS
City Colonie
High School District South Colonie
Number Of Units Total 2
Lot Size Units Acres
Lot Size Square Feet 20473.2
Land Lease Y/N false
Tax Annual Amount 8439.17
Virtual Tour https://app.doaudiotours.com/unbranded?id=34279&lang=en-US
Standard Status Active
Tax Assessed Value 0
Tax Lot 16.000
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Interior
Basement Partial Slab
Total Fireplaces 0
Heating Y/N true
Window Features Blinds
Fireplace Y/N false
Above Grade Finished Area 2176
Half Baths 0
Total Bedrooms 5
Below Grade Finished Area 225
Below Grade Finished Area Source See Remarks
Above Grade Finished Area Source See Remarks
Total Baths 2
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Exterior
Exterior Amenities Other
Parking Features Driveway
Water Source Public
Total Parking 6
Lot Size Area 0.47
Foundation Details Block
Lot Size Acres 0.47
Waterfront Y/N false
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Internal Only
Street Number 1 176
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* Excluded Features
List By
Craig Cioffi

Listing Agent

East Greenbush - Weichert, Realtors® - Reliable Properties

Broker

Affordability Calculator

$3,873
Per Month
82%
18%
0%
Monthly Principal & Interest
$3,170
Monthly Property Taxes
$703
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Colonie Central HS High School High School
Pricing History
DatePricePrice ChangeDescription
11/7/2026$459,000 Listed Price

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176 Exchange Street, Colonie, NY, 12205 is a Multi-Family Home for sale at $459,000 with 2,176 sqft and a lot size of 0.47. 176 Exchange Street has 5 bedrooms, 2.0 baths, and was built in 1998. The property's zip code is 12205 which is in Colonie, NY