Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    262 Tremont St North Tonawanda, NY 14120

    Sponsored
    For Sale
    $159,900

    MULTI_FAMILY - Other - North Tonawanda, NY

    Property size:
    1,530 SF
    Lot size:
    0.26 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 19 at 7:06 pm

    Property Features for 262 Tremont St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 2, Basement
    Bedrooms
    3
    Bathrooms
    2
    APN
    291200-185-031-0001-030-000
    Parking features
    Garage
    Exterior features
    PrivateYard
    Appliances
    GasWaterHeater
    Size
    1,530 SF
    Lot size
    0.26 Acres

    Utilities

    Heating system
    Baseboard, Natural Gas, Hot Water(Heating)
    Water source
    Public

    Building Details

    Year built
    1910
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Carpet, Laminate, Vinyl, Varies
    Building materials
    Frame, CopperPlumbing
    Roof type
    Shingle, Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Robert Liebeck

    WNY METRO ROBERTS REALTY (716) 891-1710

    Listing agent Robert Liebeck (716) 875-2211 License #30LI0365104

    Listing date Feb 17, 2026

    MLS# B1662443 Listing URL

    Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    North Tonawanda Multifamily Property For Sale

    This multifamily property, tenanted on a month-to-month basis, is available for sale after 50 years under the same ownership. The property includes a two-car garage and consists of two units. The front unit is a one-bedroom apartment with approximately 350+ square feet, while the rear unit is a two-story, two-bedroom apartment with approximately 600+ square feet. The property is located near North Tonawanda's downtown entertainment district and offers convenient access to shopping and the Erie Canal. The property, with a total size of 1530 square feet on a 0.2564-acre lot, requires updating. The long-term tenants currently pay below-market rents.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Tonawanda
    County
    Niagara
    State
    New York
    Longitude
    -78.869329
    Latitude
    43.025038

    Nearby Similar for Sale

    • New
      $270,000
      2,534 SF

      Renovated Two-Family Home in Tonawanda

      Fully renovated two-family home near business district and Niagara River.
      1242 Oliver St, North Tonawanda, NY 14120
      View Details
    • $239,000
      Pending

      Updated Two-Family Home

      Well-maintained two-family home, ideal for owner occupancy or investment.
      455 Robinson St, North Tonawanda, NY 14120
      View Details
    • $399,000
      Pending

      Well-Maintained Multi-Unit Investment Opportunity

      Four spacious apartments in a desirable Niagara County location.
      2721 Alder Creek Dr S, North Tonawanda, NY 14120
      View Details
    • New
      $299,000
      Pending

      Updated Two-Family Home

      Well-maintained two-family home with modern updates and desirable features.
      929 Remington Dr, North Tonawanda, NY 14120
      View Details
    • $229,900
      Pending

      North Tonawanda Multifamily Property

      Multifamily property featuring three apartments and a new roof.
      299 Bryant St, North Tonawanda, NY 14120
      View Details
    • $349,000

      Redevelopment Opportunity in Commercial Corridor

      0.59-acre commercially zoned lot with high visibility.
      627 Erie Ave, North Tonawanda, NY 14120
      View Details
    • $995,000

      Retail Space in North Tonawanda

      Retail space with business, goodwill, equipment, and inventory included.
      1091 Oliver St, North Tonawanda, NY 14120
      View Details
    • $199,900

      Updated Two-Unit Home

      Updated two-unit home in North Tonawanda, ideal for investors.
      28 Lincoln Ave, North Tonawanda, NY 14120
      View Details
    • $199,900

      Updated Two-Family Home

      Updated two-family home near restaurants, shopping, and Payne Park.
      843 Payne Ave, North Tonawanda, NY 14120
      View Details
    • $1,350,000
      37,760 SF

      North Tonawanda Industrial Facility

      Industrial facility in North Tonawanda with user and investment potential.
      59 Felton St, North Tonawanda, NY 14120
      View Details
    • Contact for pricing
      85,000 SF

      Redevelopment Opportunity in Opportunity Zone

      85,000 SF redevelopment opportunity in a Federal Opportunity Zone.
      445 Tremont St, North Tonawanda, NY 14120
      View Details
    • $149,999

      Updated Three-Unit Investment Property

      Well-maintained, updated 3-unit property with income potential.
      415 Oliver St, North Tonawanda, NY 14120
      View Details

    FAQs

    What type of property is this?
    Duplex - Multifamily property near downtown, close to shopping and Erie Canal.
    Where is this duplex located?
    The property is located at 262 Tremont St North Tonawanda, NY.
    What is the asking price?
    The asking price for this property is $159,900.
    What are key features of this property?
    This property features: - Two-unit (2-1 double) property.; - Two-car garage included.; - Located near North Tonawanda downtown entertainment district and shopping.
    (716) 622-2246
    Request Owner's contact information
    262 Tremont St North Tonawanda, NY 14120
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    262 Tremont St
    North Tonawanda, NY 14120
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    262 Tremont St North Tonawanda, NY 14120
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Robert Liebeck
    Real Estate License ID: 30LI0365104
    (716) 622-2246 (716) 875-2211
    Learn more
    Google sign-in failed. Please try again or use another login method.