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    Renovated Two-Family Home, North Tonawanda Title is generated by Realmo AI

    1242 Oliver St, North Tonawanda, NY 14120

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    For Sale
    $270,000

    Fully renovated two-family home near North Tonawanda business district.

    Type:Multi Family
    Property size:
    2,534 SF
    Price / SF:
    $106/SF
    Added:
    Apr 27, 2026
    Days on Market:
    26
    Last Refresh:
    Apr 27 at 5:00 pm

    Property Features for 1242 Oliver St

    General Information

    Standard status
    Active
    Size
    2,534 SF
    Property subtype
    Multi Family

    Building Details

    Year Built
    1846

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    Listing Contact
    Philippe Khoury

    Listing agent Philippe Khoury License #10301223270

    Listing office WNY METRO ROBERTS REALTY

    Listing date Apr 27, 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 WNY METRO ROBERTS REALTY

    HighLights

    • Fully renovated two‑family home with 2,534 sq ft of living space.
    • Completely remodeled kitchens in both units with brand‑new appliances.
    • Two and a half fully renovated bathrooms.
    • Full basement with quality finished work.
    • Beautiful, fully fenced backyard.
    • Two brand‑new driveways (one on each side).

    Overview

    Located at 1242 Oliver Street in North Tonawanda, this fully renovated two-family home offers 2,534 square feet of living space. The property includes a full basement and a fully fenced backyard. Two new driveways are present, one on each side of the building. A comprehensive renovation has been completed, including new flooring and carpeting throughout. There are two and a half fully renovated bathrooms. Both units feature completely remodeled kitchens with new appliances. Additional improvements include fresh interior paint, new interior doors, finished work in the basement, a new backyard fence, and newly installed driveways. The property is located in a prime area near the North Tonawanda business district and the Niagara River. It is suitable for both owner-occupants and investors.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $247.3K
    NOI $22,255 @ 9.00% cap · cautious / downside scenario
    Moderate
    $317.9K
    NOI $22,255 @ 7.00% cap · market / base-case scenario
    Aggressive
    $445.1K
    NOI $22,255 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
    Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $34.1k $13.44
    − Vacancy −$2.3k −$0.89
    EGI $31.8k $12.55
    − OpEx −$9.5k −$3.76
    NOI $22.3k $8.78
    2,534 SF · lease $13.44/SF/yr · vacancy 6.65% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $317.9K
    $278.2K – $370.9K (±1% cap)
    NOI $22,255 @ 7.0% cap · market cap 8.24%
    Second Best
    Apartment 5plus
    $282.2K
    $246.9K – $329.2K (±1% cap)
    NOI $19,753 @ 7.0% cap · market cap 7.32%
    Theoretical Best
    Warehouse
    $2.15M
    $1.88M – $2.51M (±1% cap)
    NOI $150,719 @ 7.0% cap · market cap 55.82%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    North Tonawanda
    County
    Niagara
    State
    New York
    Longitude
    -78.8893005
    Latitude
    43.0545138

    FAQs

    What type of property is this?
    Duplex - Fully renovated two-family home near North Tonawanda business district.
    Where is this duplex located?
    The property is located at 1242 Oliver St North Tonawanda, NY.
    What is the asking price?
    The asking price for this property is $270,000.
    What are key features of this property?
    This property features: Fully renovated two‑family home with 2,534 sq ft of living space.; **Completely remodeled kitchens** in both units with brand‑new appliances.; Two and a half fully renovated bathrooms.
    More about this property
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