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    38 Morgan St Tonawanda, NY 14150

    New
    For Sale
    $189,900

    MULTI_FAMILY - Other - Tonawanda, NY

    Property size:
    2,044 SF
    Lot size:
    0.10 Acres
    Days on Market:
    3
    Last Refresh:
    Dec 11 at 5:06 pm

    Property Features for 38 Morgan St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bathroom 1, Bedroom 1, Bathroom 3, Basement, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 4
    Bedrooms
    4
    Bathrooms
    3
    APN
    141600-039-460-0006-006-000
    Appliances
    GasWaterHeater
    Size
    2,044 SF
    Lot size
    0.10 Acres

    Utilities

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

    Building Details

    Year built
    1910
    Floors in Building
    2
    Number of units
    3
    Building materials
    VinylSiding, CopperPlumbing
    Roof type
    Asphalt
    Architectural style
    Other

    WNY METRO ROBERTS REALTY (716) 891-1710 [email protected]

    Listing agent Emmanuel Williams (716) 875-2211 License #10301217766

    Listing date Dec 9, 2025

    MLS# B1653584 Listing URL

    Copyright © 2025 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.

    Overview

    Tonawanda Multi-Unit Income Property

    Discover the potential of this versatile and income-generating multi-unit property, perfect for both owner-occupants and investors. This well-maintained property features three distinct units: one spacious two-bedroom apartment and two charming one-bedroom apartments, offering a variety of living arrangements for tenants or owners. The property is equipped with modern amenities, including vinyl siding, newer electrical panels, and a recently updated boiler, ensuring efficiency and low maintenance. A full basement provides ample storage space or potential for future enhancements. With convenient parking available, residents will enjoy easy access to their homes. Currently generating $2,675 in monthly rent, this property promises immediate income with room for growth. Located in a desirable area, residents will appreciate the proximity to local amenities, making it an attractive option for potential tenants. Whether you're looking to invest or seeking a property to call home while benefiting from rental income, this property offers endless possibilities. The property size is 2044 square feet and the lot size is 0.1 acres. Seller will provide the existing survey with an affidavit of no change and a 40-year search on the note.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Tonawanda
    County
    Erie
    State
    New York
    Longitude
    -78.875162
    Latitude
    43.018608

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    FAQs

    What type of property is this?
    Multifamily property - Well-maintained triplex with income potential in a desirable location.
    Where is this multifamily property located?
    The property is located at 38 Morgan St Tonawanda, NY.
    What is the asking price?
    The asking price for this property is $189,900.
    What are key features of this property?
    This property features: - Income-generating multi-unit property currently generating $2,675 in monthly rent.; - Three distinct units: one two-bedroom and two one-bedroom apartments.; - Modern amenities: vinyl siding, newer electrical panels, and recently updated boiler.
    (716) 875-2211
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    Realmo Value Estimation

    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.

    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.

    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
    38 Morgan St Tonawanda, NY 14150
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