Pending

Price cut: $50K (6/3)

$349,000

1131 Central Avenue, Colonie, NY 12205

6beds

1,996sqft

Triplex, Multi Family

Built in 1959

-- sqft lot

$335,600 Zestimate^®

$175/sqft

$-- HOA

What's special

This is a mixed-use property with a total of three units. The front of the first floor houses a photography studio, while behind it is a two-bedroom apartment. The second floor features a three-bedroom apartment. All utilities are separately metered, with tenants paying their own share. There is a large parking lot front and back capable of accommodating 10 to 12 vehicles. Additionally it is in a prime location on Central Ave. The photography studio previously operated as a long-standing tailor shop, making it a versatile commercial space. The buyer has the flexibility to use it as an investment property or to run their own business in the commercial space wile living in one of the apartments. Photography pays $1000, FL1 unit pays $1000 and FL2 pays $1000. Can be sold as package with 1147 Central Ave.

70 days

438

12

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 3
Full bathrooms: 2
1/2 bathrooms: 1

Heating

Forced Air, Space Heater, Natural Gas

Cooling

None

Features

Flooring: Hardwood, Laminate
Basement: Full

Interior area

Total structure area: 1,996
Total interior livable area: 1,996 sqft
Finished area above ground: 1,996
Finished area below ground: 0

Video & virtual tour

View virtual tour

Property

Parking

Total spaces: 12
Parking features: Driveway
Has uncovered spaces: Yes

Features

Exterior features: None
Fencing: None

Lot

Size: 7,840 Square Feet
Features: Level

Details

Parcel number: 012689 53.1136
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Traditional
Property subtype: Triplex, Multi Family
Attached to another structure: Yes

Materials

Vinyl Siding
Roof: Asphalt

Condition

Year built: 1959

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

HOA

Has HOA: No

Location

Region: Colonie

Financial & listing details

Price per square foot: $175/sqft
Tax assessed value: $240,500
Annual tax amount: $5,051
Date on market: 5/13/2026

Estimated market value

$335,600

$319,000 - $352,000

$2,172/mo

Price history

Date	Event	Price
7/8/2026	Pending sale	$349,000$175/sqft
Source: Global MLS #202617012 Report a problem
6/3/2026	Price change	$349,000-12.5%$175/sqft
Source: Global MLS #202617012 Report a problem
5/13/2026	Listed for sale	$399,000+204.6%$200/sqft
Source: Global MLS #202617012 Report a problem
4/6/2001	Sold	$131,000$66/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	--	$105,100
2024	--	$105,100
2023	--	$105,100
2022	--	$105,100
2021	--	$105,100
2020	--	$105,100
2019	--	$105,100
2018	--	$105,100
2017	--	$105,100
2016	--	$105,100
2015	--	$105,100
2014	--	$105,100

Find assessor info on the county website

Monthly payment

Estimated monthly payment$1,822

Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

See how much you could borrow to make a competitive offer.

Get pre-qualified