Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Multifamily Property Across From Park Title is generated by Realmo AI

    279 Niagara St, Tonawanda, NY 14150

    View on Map
    Claim this Listing
    For Sale
    $199,000

    Two-unit multifamily property with a double lot and three-car garage.

    Type:Multi Family
    Added:
    May 17, 2026
    Days on Market:
    15
    Last Refresh:
    May 17 at 3:21 pm

    Property Features for 279 Niagara St

    General Information

    Standard status
    Active
    Property subtype
    Multi Family

    Building Details

    Year Built
    1920

    We can help!

    Listing Contact
    Lisa M Hirsch

    Listing agent Lisa M Hirsch

    Listing office

    Listing date May 17, 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 Lisa M Hirsch

    HighLights

    • Prime location directly across from Niawanda Park.
    • Multi‑family property featuring a 2‑bedroom/1‑bath unit and an updated 1‑bedroom/1‑bath unit.
    • Recent mechanical updates including 2 furnaces and electrical boxes (2024).
    • Features a 3‑car garage.
    • Double lot size.
    • High walkability (Walk Score: 76) and bikeability (Bike Score: 77).

    Overview

    This multifamily property is located across from Niawanda Park. It features two units: a lower unit with 2 bedrooms and 1 bathroom, and an updated upper unit with 1 bedroom and 1 bathroom. Mechanical updates include two furnaces and electrical boxes, both updated in 2024. The property includes a double lot and a three-car garage. The bike score is 77, indicating it is very bikeable, and the walk score is 76, indicating it is very walkable.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tonawanda
    County
    Erie
    State
    New York
    Longitude
    -78.8887073
    Latitude
    43.0173862

    Nearby Similar for Sale

    • $325,000
      5,608 SF

      Tonawanda Commercial Building For Sale

      Fully occupied commercial building with retail and office space.
      67 Main Street, Tonawanda, NY 14150
      View Details
    • $799,000
      28,368 SF

      Historic Tonawanda Buildings Package Deal

      Two historic buildings in a walkable community, ideal for redevelopment.
      76 Adam Street, Tonawanda, NY 14150
      View Details
    • $189,900
      2,044 SF

      Tonawanda Multi-Unit Income Property

      Well-maintained triplex with income potential in a desirable location.
      38 Morgan Street, Tonawanda, NY 14150
      View Details
    • $500,000
      57,000 SF

      Tonawanda Manufacturing Redevelopment Opportunity

      57,000 SF building on 12.65 acres near major routes.
      1740 Military Road, Tonawanda, NY 14150
      View Details
    • $109,900

      Kenmore Avenue Commercial Building

      Commercial building with office layout and parking in Kenmore.
      1189 Kenmore Ave, Tonawanda, NY 14217
      View Details
    • $329,900
      3,536 SF

      MULTI_FAMILY - Other - Tonawanda, NY

      32 Curwood Court, Tonawanda, NY 14150
      View Details
    • $1,500,000

      Tonawanda Industrial Property For Sale

      Three buildings on 2.8 acres near downtown Tonawanda.
      131 Fillmore Avenue, Tonawanda, NY 14150
      View Details
    • $264,900

      Two-Unit Building with Full Attic

      Gutted two-unit building with attic, ready for customization.
      2572 Sheridan Dr, Tonawanda, NY 14150
      View Details
    • $284,900

      Updated Duplex in Tonawanda

      Extensively updated 2-unit duplex, ideal for owner-occupants or investors.
      783 Highland Ave, Tonawanda, NY 14223
      View Details
    • $399,900

      Tonawanda Commercial Property on Broad

      Versatile commercial property in high-traffic area, suitable for various uses.
      123 Broad St, Tonawanda, NY 14150
      View Details
    • $299,000
      5,916 SF

      Tonawanda Office/Flex Building For Sale

      5,916 SF office/flex building with flexible layout and parking.
      64 Broad St, Tonawanda, NY 14150
      View Details
    • $325,000
      5,608 SF

      Tonawanda Mixed-Use Corner Property

      Fully occupied mixed-use building with retail and office spaces.
      67 Main St, Tonawanda, NY
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-unit multifamily property with a double lot and three-car garage.
    Where is this duplex located?
    The property is located at 279 Niagara St Tonawanda, NY.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: Prime location directly across from Niawanda Park.; Multi‑family property featuring a 2‑bedroom/1‑bath unit and an updated 1‑bedroom/1‑bath unit.; Recent mechanical updates including 2 furnaces and electrical boxes (2024).
    (716) 472-3001
    We can help!
    Listing Contact
    Lisa M Hirsch
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    279 Niagara St, Tonawanda, NY 14150
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!