4 Pettibone Drive
About This Property
Buyers come to this part of Colonie for three reasons: the schools, the taxes, and the location. Students attend the South Colonie Central School District. Town of Colonie tax rates keep the total monthly cost of ownership sensible, with low annual taxes. And the location is hard to beat: minutes from Albany International Airport, Colonie Center, the Wolf Road corridor, and Northway (I-87) access, with a short, predictable commute to Albany Med, the Harriman State Office Campus, and downtown Albany, plus an easy run north to GlobalFoundries in Malta. Everyday errands, dining, and shopping are all within a few minutes' drive. One-level living, a fenced yard, refinished hardwood, South Colonie schools, Colonie taxes, and a central Albany Shaker Road location -- a combination that doesn't come up often at this size.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 12, 2026 | In contract | - | |
| In contract | |||
| Sep 8, 2026 | Listed by Field Realty | $349,900 | |
| Listed by Field Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017