Updated Duplex with Remodeled Lower
123 Hawthorne Avenue Tonawanda, NY 14223
123 Hawthorne Avenue, Tonawanda, NY, 14223
$357,000
For Sale
$357,000
Duplex features a 2022 roof, 2023 water heaters, and a fully remodeled lower unit with vinyl plank flooring.
Property Size1,722 SF
Price / SF$207.32
Days on Market89
Property Features for 123 Hawthorne Avenue
General Information
- Standard status
- Active
- Size
- 1,722 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1954
Listing agency
HUNT Real Estate Corporation
(716) 998-4125
Listed by
John Pontrello
(716) 998-4125
Source
Xome
Added: Apr 25 Updated: Jul 20 at 8:48PM Checked: Jul 21 at 3:07AM
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 HUNT Real Estate Corporation
Investment Insights
Based on property information with market context.
This duplex offers two residential units with recent major components and interior updates. The property includes a newer roof installed in 2022 and two newer hot water heaters installed in 2023. The lower unit has been extensively remodeled, including an updated kitchen with new cabinets, countertops, recessed lighting, outlets and switches, and new appliances. Living room and bedroom updates include updated outlets and switches, built-in outlets for an entertainment center, ceiling fans, and new doors, frames, and trim. The bathroom has new fixtures and finishes, and vinyl plank flooring runs throughout the home. The basement includes a semi-finished room with waterproof vinyl plank flooring and new vented glass block windows, and each unit has its own laundry hook-ups with electric and gas available.
Located at 123 Hawthorne Avenue in Tonawanda, this income property also provides plenty of parking, a partial fenced yard with a paver stone patio area, and a large shed. The home is equipped with video surveillance cameras accessible through a phone.
Located at 123 Hawthorne Avenue in Tonawanda, this income property also provides plenty of parking, a partial fenced yard with a paver stone patio area, and a large shed. The home is equipped with video surveillance cameras accessible through a phone.
Key Highlights
- Duplex at 123 Hawthorne Avenue with newer roof (2022) and two newer hot water heaters (2023).
- Lower unit has been completely remodeled with new kitchen cabinets, countertops, recessed lighting, and updated living room outlets.
- Vinyl plank flooring installed throughout the entire house.
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 | $23.8k | $13.80 |
| − Vacancy | −$7.9k | −$4.61 |
| EGI | $15.8k | $9.19 |
| − OpEx | −$4.7k | −$2.76 |
| NOI | $11.1k | $6.43 |
1,722 SF · lease $13.80/SF/yr · vacancy 33.44% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$158.2K
$138.4K – $184.5K
NOI $11,072 @ 7.0% cap · market cap 3.10%
Second Best
Apartment 5plus
$142.0K
$124.3K – $165.7K
NOI $9,942 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$376.4K
$329.4K – $439.2K
NOI $26,351 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex features a 2022 roof, 2023 water heaters, and a fully remodeled lower unit with vinyl plank flooring.
Where is this duplex located?
The property is located at 123 Hawthorne Avenue Tonawanda, NY.
What is the asking price?
The asking price for this property is $357,000.
What are key features of this property?
This property features: Duplex at 123 Hawthorne Avenue with newer roof (2022) and two newer hot water heaters (2023).; Lower unit has been completely remodeled with new kitchen cabinets, countertops, recessed lighting, and updated living room outlets.; Vinyl plank flooring installed throughout the entire house.
