Two-Unit Duplex with Rear
113 Enola Avenue, Tonawanda, NY 14217
For Sale
$319,900
Each apartment has its own kitchen, outdoor deck, and separately metered gas and electric service.
Property Size2,260 SF
Price / SF$141.55
Days on Market19
Property Features for 113 Enola Avenue
General Information
Standard status
Size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Gross Income
Utilities to Site
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
rear decks
detached garage
Building Details
Building Size
Year Built
Year Renovated
Buildings
Stories
Tenancy
Listing Agency:
The Greene Realty Group
Listed By:
Derek Greene · License #10371200613
(888) 278-5840
Source:
Highfallssir
Added: Oct 21
Changed: Nov 6
Last Checked: Nov 6 at 3:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Greene Realty Group
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Investment Insights
Based on property information with market context.
This 2,260-square-foot duplex contains two apartments, each with two bedrooms, a full bathroom, living room, dining room, and kitchen. Both units have rear deck access and include refrigerators, stoves, dishwashers, microwaves, and garbage disposals. The property was built in 1928 and renovated in 2013, with updates to electrical service, plumbing, windows, doors, kitchens, and bathrooms. A finished third-floor area is accessible exclusively from the upper apartment.
Additional features include a full basement with separate laundry hookups and storage areas, a fenced yard, gated driveway access, and a detached garage with a metal roof installed in 2023. The apartments are occupied by month-to-month tenants. Gas and electric are separately metered; tenants pay those utilities, while the owner pays water.
Additional features include a full basement with separate laundry hookups and storage areas, a fenced yard, gated driveway access, and a detached garage with a metal roof installed in 2023. The apartments are occupied by month-to-month tenants. Gas and electric are separately metered; tenants pay those utilities, while the owner pays water.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 full bathroom
- 2,260 square feet; built in 1928 and renovated in 2013
- Detached garage with a metal roof installed in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,531
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$290,620
$290.6K
Cap Rate 7%
$207,586
$207.6K
Cap Rate 9%
$161,456
$161.5K
Market Conditions
NOI Build-Up for 2,260 SF
Gross rent
$31.2K $13.80/SF
− Vacancy
−$10.4K −$4.61/SF
EGI
$20.8K $9.19/SF
− OpEx
−$6.2K −$2.76/SF
NOI
$14.5K $6.43/SF
Area
Erie County, NY
Vacancy
33.44%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$290,620
Cap Rate 7%
$207,586
Cap Rate 9%
$161,456
Alternative Uses
Best Use
Multifamily LT 5
$207.6K
$181.6K – $242.2K
NOI $14,531 @ 7.0% cap · market cap 4.54%
Second Best
Apartment 5plus
$186.4K
$163.1K – $217.5K
NOI $13,049 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$494.0K
$432.3K – $576.4K
NOI $34,583 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
984
Businesses Nearby
Explore this area
Business Placement
Demographics for 14217, NY
23,085
Population
11,280
Households
2
Avg Household Size
41
Median Age
41%
College-Educated
95%
High-School Grad
3.2 sq mi
ZIP Area
7,214
Density / Sq Mi
$72,205
Median Household Income
$51,075
Median Earnings
$970
Median Rent
$193,200
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Erie County, NY
Properties on Market for Duplexes in Erie County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each apartment has its own kitchen, outdoor deck, and separately metered gas and electric service.
Where is this duplex located?
The property is located at 113 Enola Avenue Tonawanda, NY.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 full bathroom; 2,260 square feet; built in 1928 and renovated in 2013; Detached garage with a metal roof installed in 2023
