Tonawanda Multifamily Investment Opportunity

49 William St, Tonawanda, NY 14150

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For Sale

$849,900

Renovated 7-unit building in a growing Tonawanda neighborhood.

Type:Investment

Property size:

13,000 SF

Lot size:

0.22 Acres

Price / SF:

$65/SF

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Contact an agent

Vincent J Terrana

HighLights

Rare 7‑unit property with desirable apartments.
Thoughtfully renovated units offering exceptional rental appeal.
Mix of unit sizes: two 1‑bedroom, three 2‑bedroom, and two 3‑bedroom units.
One 3‑bedroom unit features three floors, two full bathrooms, in‑unit laundry, ample rear parking, and a detached garage.
Extensive upgrades including new electrical service and updated plumbing.
Ideally positioned in a rapidly growing area of Tonawanda's Canal District with heavy NYS investment.

For Sale

$849,900

Renovated 7-unit building in a growing Tonawanda neighborhood.

Type:Investment

Property size:

13,000 SF

Lot size:

0.22 Acres

Price / SF:

$65/SF

Added:: Mar 11, 2026
Days on Market:: 118
Last Refresh:: Jul 2 at 3:55 pm

Property Features for 49 William St

General Information

Standard status: Active
Size: 13,000 SF
Lot size: 0.22 Acres
Property subtype: Investment

Building Details

Year Built: 1935

We can help!

Contact an agent

Vincent J Terrana

Listing office

Listing date Mar 11, 2026

Source Elliman

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 Vincent J Terrana

HighLights

Rare 7‑unit property with desirable apartments.
Thoughtfully renovated units offering exceptional rental appeal.
Mix of unit sizes: two 1‑bedroom, three 2‑bedroom, and two 3‑bedroom units.
One 3‑bedroom unit features three floors, two full bathrooms, in‑unit laundry, ample rear parking, and a detached garage.
Extensive upgrades including new electrical service and updated plumbing.
Ideally positioned in a rapidly growing area of Tonawanda's Canal District with heavy NYS investment.

Overview

Located at the corner of William Street and Fletcher Street, 49 William Street is a 13,000-square-foot, all-brick building featuring seven apartments. The property includes two 1-bedroom units, three 2-bedroom units, and two 3-bedroom units. Most of the units have been renovated. One of the 3-bedroom apartments spans three floors and includes two full bathrooms, in-unit laundry, and rear parking with a detached garage. The building has a new electrical service, updated plumbing, and a shared laundry room for six of the units. The property is located in the Canal District of Tonawanda, an area experiencing rapid growth.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$210.6k	$16.20
− Vacancy	−$74.1k	−$5.70
EGI	$136.5k	$10.50
− OpEx	−$61.4k	−$4.72
NOI	$75.1k	$5.77

13,000 SF · lease $16.20/SF/yr · vacancy 35.20% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$1.07M

$938.2K – $1.25M (±1% cap)

NOI $75,058 @ 7.0% cap · market cap 8.83%

Second Best

—

no second resolved use

Theoretical Best

Office A

$2.84M

$2.49M – $3.32M (±1% cap)

NOI $198,931 @ 7.0% cap · market cap 23.41%

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

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Tonawanda
County: Erie
State: New York
Longitude: -78.876
Latitude: 43.0175

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For sale
Apartment buildings
NY
Tonawanda
14150
49 William St

What type of property is this?

Apartment building - Renovated 7-unit building in a growing Tonawanda neighborhood.

Where is this apartment building located?

The property is located at 49 William St Tonawanda, NY.

What is the asking price?

The asking price for this property is $849,900.

What are key features of this property?

This property features: Rare 7‑unit property with desirable apartments.; Thoughtfully renovated units offering exceptional rental appeal.; Mix of unit sizes: two 1‑bedroom, three 2‑bedroom, and two 3‑bedroom units.