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39 Exchange Street, 
Colonie, NY 12205

$275,000


2

Beds


1

Bath


1,200

Sq Ft


Single Family

Active

Listed by

Donna C Kelly

Find Advisors

1 518-831-5442

Last updated:

October 30, 2025, 02:33 PM

MLS#

202527323

Source:

Global MLS

About This Home

39 Exchange Street

Investor's Dream: Low-stress management, high-demand updates, and strong, verifiable cash flow make this property a mandatory addition to any serious portfolio. Don't miss this rare chance to acquire a true turnkey asset!------ Unlock immediate cash flow with this exceptional, low-maintenance investment opportunity! This meticulously updated single-family residence is primed for passive income and positioned for long-term appreciation, offering two distinct income streams and a compelling proforma (see attached). --------- Dual Income Advantage: Generating $3,200/month in gross income from two separate, secure leases. House Lease: $1,700/month, secured until July 31, 2026. Garage Lease: $1,500/month, secured until December 31, 2025 --------- Tenant-Occupied & Rented: Immediate rental income from day one. --------------- Fully Updated & Modernized: Minimizes near-term capital expenditures. The house features a desirable open-concept layout, premium granite countertops, new flooring/carpet, updated laundry facilities, and a brand-new Sub-Zero Mini-Split heating/cooling system for efficiency and tenant comfort. Premium Detached Asset: The oversized 3-Car Heated Garage is a unique, high-demand feature in the rental market, commanding a premium lease rate and attracting a professional/commercial tenant base (contractor, storage, hobbyist, etc.). ------- THE NUMBERS SPEAK FOR THEMSELVES! Review the attached Proforma Sheet for detailed income, expense, and projected cap rate analysis.

Home Facts

Single Family

1 Bath

2 Bedrooms

Built in 1880

Price Summary

275,000

$229 per Sq. Ft.

MLS #:

202527323

Last Updated:

October 30, 2025, 02:33 PM

Added:

a month ago


Rooms & Interior

Bedrooms

Total Bedrooms:

2

Bathrooms

Total Bathrooms:

1

Full Bathrooms:

1

Interior

Living Area:

1,200 Sq. Ft.


Structure

Structure

Architectural Style:

Old Style

Building Area:

1,200 Sq. Ft.

Year Built:

1880


Lot

Lot Size (Sq. Ft):

8,276


Finances & Disclosures

Finances

Price:

$275,000

Price per Sq. Ft:

$229 per Sq. Ft.

Source:Global MLS
The information being provided by Global MLS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified.  © 2025 Global MLS All rights reserved.

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