39 Exchange St
Description
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...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.
- Listed by Donna C Kelly • Find AdvisorsP: (518)-368-4959 C: (518)-368-4959 DKelly@FindRealEstate.com
Property Details for 39 Exchange Street
Property Details for 39 Exchange Street
| Status | Active |
|---|---|
| MLS # | 202527323 |
| Days on Market | 84 |
| Taxes | $3,714 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Single Family |
| MLS Type | Residential / Single Family Residence |
| Year Built | 1880 |
| Lot Size | 0.19 AC / 8,276 SF |
| County | Albany County |
Location
Building Information for 39 Exchange Street
Payment Calculator
$1,668 per month
30 year fixed, 6.28% Interest
$1,359
$310
$0
Property Information for 39 Exchange Street
- Postal City: Albany
- Directions: route 90 to exit 5, Everett Road, take a right on to Exchange street house is on the left.
- City: Colonie
- State Or Province: NY
- Postal Code: 12205
- County Or Parish: Albany
- Latitude: 42.68
- Longitude: -73.78
- Association Fee: $.00
- Association: No
- Parcel Number: 012689 54.13-1-24.1
- Tax Annual Amount: $3,713.62
- GarageSpaces: 3.00
- Attached Garage: No
- Parking Features: Paved, Detached, Driveway, Heated Garage
- School District: South Colonie
- High School: Colonie Central HS
- Possession: At Closing
- Property Type: Residential,Single Family Residence
- Property Type Label: Residential
- Year Built: 1880
- New Construction: No
- Above Grade Finished Area: 1200.0
- Above Grade Finished Area Source: Appraiser
- Below Grade Finished Area: 0.0
- Below Grade Finished Area Source: Appraiser
- Lot Size Acres: 0.19
- Lot Size Area: 0.19
- Lot Size Units: Acres
- Lot Size Square Feet: 8276.4
- Living Area: 1200.0
- Water Source: Public
- Other Structures: Shed(s), Garage(s)
- Exterior Features: None
- Laundry Features: Laundry Room, Main Level
- Heating: Ductless
- Flooring: Wood, Carpet
- Basement: Slab
- Construction Materials: Vinyl Siding
- Cooling: Ductless
- Cooling: Yes
- Heating: Yes
- Appliances: Electric Oven, Electric Water Heater, Washer/Dryer
- Dining Room Type : In Kitchen: Yes
- Rooms Total: 6
- Room Type: Kitchen, Living Room, Laundry, Bedroom, Full Bathroom
- Bathrooms Total Integer: 1
- Bathrooms Total Decimal: 1.00
- Bathrooms Total Notational: 1.00
- Bedrooms Total: 2
- Bathrooms Full: 1
- Bathrooms Half: 0
- RoomType: Kitchen
- RoomLevel: First
- RoomType: Living Room
- RoomLevel: First
- RoomType: Laundry
- RoomLevel: First
- RoomType: Bedroom
- RoomLevel: Second
- RoomType: Bedroom
- RoomLevel: Second
- RoomType: Full Bathroom
- RoomLevel: First
- Unit Detail : Kitchen: True
Property History for 39 Exchange Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Oct 7, 2025 | Listed (Active) GLOBAL MLS #202527323 | $275,000 | — |
| Jul 18, 2013 | Sold (Public Record) Public Record #366571974 | $60,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 10/07/2025 | Listed (Active) GLOBAL MLS #202527323 | $275,000 |
| 07/18/2013 | Sold (Public Record) Public Record #366571974 | $60,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 39 Exchange Street
Schools near 39 Exchange Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 4 | |||
| Public - | 5 to 8 | |||
| Public - | 9 to 12 | |||
| Private - | K to 8 |
Rating | School | Distance |
|---|---|---|
Roessleville School PublicPK to 4 | ||
Sand Creek Middle School Public5 to 8 | ||
Colonie Central High School Public9 to 12 | ||
Bet Shraga Hebrew Academy PrivateK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Similar Sold Homes
Explore Nearby Homes
- Campus Area Homes for Sale
- Colonie Village Homes for Sale
- Dunes Homes for Sale
- Loudonville Homes for Sale
- Roessleville Homes for Sale
- Upper Washington Avenue Homes for Sale
- West Albany Homes for Sale
- Westmere Homes for Sale
- Melrose Homes for Sale
- West End Homes for Sale
- Lower Washington Avenue Homes for Sale
- North Albany-Shaker Park Homes for Sale
- Bishop's Gate Homes for Sale
- West Hill Homes for Sale
- Manning Boulevard Homes for Sale
- Colonie Homes for Sale
- Albany Homes for Sale
- Guilderland Homes for Sale
- Slingerlands Homes for Sale
- Niskayuna Homes for Sale
- Latham Homes for Sale
- Menands Homes for Sale
- Bethlehem Homes for Sale
- Schenectady Homes for Sale
- Rotterdam Homes for Sale
- Clifton Park Homes for Sale
- Rexford Homes for Sale
- Rensselaer Homes for Sale
- Delmar Homes for Sale
- Halfmoon Homes for Sale
- 12309 Homes for Sale
- 12304 Homes for Sale
- 12110 Homes for Sale
- 12203 Homes for Sale
- 12206 Homes for Sale
- 12211 Homes for Sale
- 12226 Homes for Sale
- 12303 Homes for Sale
- 12084 Homes for Sale
- 12222 Homes for Sale
- 12210 Homes for Sale
- 12204 Homes for Sale
- 12208 Homes for Sale
- 12207 Homes for Sale
- 12159 Homes for Sale
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Find Advisors
©2025 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.
