Well-Maintained Duplex with 2-Car
3 Greenwood Circle Tonawanda, NY 14120
3 Greenwood Circle, Tonawanda, NY, 14120
$349,000
Pending
For Sale
$349,000
Pending
MULTI_FAMILY - Other - Tonawanda, NY
Property Size2,256 SF
Lot Size0.17 Acres
Days on Market44
Property Features for 3 Greenwood Circle
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1, Basement, Bedroom 3, Bedroom 4
- Appliances
- GasWaterHeater
- Standard status
- Pending
- APN
- 291200-176-017-0003-053-002
- Size
- 2,256 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7574
Utilities
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2002
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Varies, Carpet
- Building materials
- VinylSiding
- Architectural style
- Other
Listing agency
WNY Metro Roberts Realty
(716) 875-2211
Listed by
Annmarie Mermigas · License #10401275280
(716) 866-2568
Added: Jun 10 Updated: Jul 20 at 12:53PM Checked: Jul 23 at 4:06AM
MLS# B1688697
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.
Investment Insights
Based on property information with market context.
Located at 3 Greenwood Circle in Tonawanda, NY 14120, this well-maintained duplex was built in 2002 and offers two spacious, matching units. Each unit features two bedrooms, one full bathroom, and a bright open-concept layout connecting the living area, dining space, and functional kitchen. Separate utilities and central air conditioning in both units help simplify occupancy and day-to-day management.
The property includes a full shared basement with laundry facilities and ample storage space. A 2-car garage provides covered parking and additional convenience. All appliances are included with the sale, supporting an easier move-in or leasing transition.
This duplex is well suited for buyers seeking an owner-occupied setup or a rental-focused investment, with two independent units that can support separate tenancy. The central air, separate utilities, and low-maintenance construction can reduce operational complexity, while the shared basement amenities provide practical space for laundry and storage. The modern layout and inclusion of appliances make it a turnkey option to consider when evaluating residential income property ownership goals.
The property includes a full shared basement with laundry facilities and ample storage space. A 2-car garage provides covered parking and additional convenience. All appliances are included with the sale, supporting an easier move-in or leasing transition.
This duplex is well suited for buyers seeking an owner-occupied setup or a rental-focused investment, with two independent units that can support separate tenancy. The central air, separate utilities, and low-maintenance construction can reduce operational complexity, while the shared basement amenities provide practical space for laundry and storage. The modern layout and inclusion of appliances make it a turnkey option to consider when evaluating residential income property ownership goals.
Key Highlights
- Duplex built in 2002 with two units, each featuring 2 bedrooms and 1 full bathroom
- Open‑concept living area, dining space, and kitchen in both units
- Separate utilities for both units, plus central air conditioning in each unit
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.1k | $13.80 |
| − Vacancy | −$10.4k | −$4.61 |
| EGI | $20.7k | $9.19 |
| − OpEx | −$6.2k | −$2.76 |
| NOI | $14.5k | $6.43 |
2,256 SF · lease $13.80/SF/yr · vacancy 33.44% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$207.2K
$181.3K – $241.8K
NOI $14,505 @ 7.0% cap · market cap 4.16%
Second Best
Apartment 5plus
$186.1K
$162.8K – $217.1K
NOI $13,025 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$493.2K
$431.5K – $575.4K
NOI $34,522 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - A 2002-built duplex with two 2-bedroom units, separate utilities, central air, and shared basement laundry and storage.
Where is this duplex located?
The property is located at 3 Greenwood Circle Tonawanda, NY.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Duplex built in 2002 with two units, each featuring 2 bedrooms and 1 full bathroom; Open‑concept living area, dining space, and kitchen in both units; Separate utilities for both units, plus central air conditioning in each unit
