Updated Two-Unit
New
For Sale
$320,000
129 19th Avenue, North Tonawanda, NY 14120
Each apartment has its own laundry room, updated kitchen and bathroom, and newer flooring.
Property Size1,900 SF
Days on Market3
Property Features for 129 19th Avenue
General Information
Standard status
Active
Size
1,900 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,538
Amenities
in-unit laundry
Building Details
Building Size
1,900 SF
Year Built
1967
Listing Agency:
HUNT Real Estate ERA
Listed By:
Michael Trunzo · License #10401258420
(716) 622-6226
Source:
Highfallssir
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 25 at 2:46AM
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 ERA
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Investment Insights
Based on property information with market context.
This 1967 duplex contains two apartments, both with refreshed kitchens, bathrooms, and flooring. Each unit has an individual laundry room and updated windows. Kitchen finishes include granite countertops, while the building has a brick front and vinyl siding. The detached garage also has vinyl siding, and the front porch is finished with ceramic tile. The roof is approximately 12 years old.
Key Highlights
- Two apartments, each with updated kitchen, bathroom, and flooring
- Separate in‑unit laundry room and updated windows in both apartments
- Granite countertops in both kitchens
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,686
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$333,720
$333.7K
Cap Rate 7%
$238,371
$238.4K
Cap Rate 9%
$185,400
$185.4K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$25.5K $13.44/SF
− Vacancy
−$1.7K −$0.89/SF
EGI
$23.8K $12.55/SF
− OpEx
−$7.2K −$3.76/SF
NOI
$16.7K $8.78/SF
Area
Niagara County, NY
Vacancy
6.65%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$333,720
Cap Rate 7%
$238,371
Cap Rate 9%
$185,400
Alternative Uses
Best Use
Multifamily LT 5
$238.4K
$208.6K – $278.1K
NOI $16,686 @ 7.0% cap · market cap 5.21%
Second Best
Apartment 5plus
$211.6K
$185.1K – $246.9K
NOI $14,811 @ 7.0% cap · market cap 4.63%
Theoretical Best
Warehouse
$1.61M
$1.41M – $1.88M
NOI $113,010 @ 7.0% cap · market cap 35.32%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
349
Businesses Nearby
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Business Placement
Demographics for 14120, NY
44,538
Population
20,367
Households
2.2
Avg Household Size
45
Median Age
30%
College-Educated
94%
High-School Grad
32.6 sq mi
ZIP Area
1,366
Density / Sq Mi
$76,608
Median Household Income
$47,014
Median Earnings
$932
Median Rent
$205,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each apartment has its own laundry room, updated kitchen and bathroom, and newer flooring.
Where is this duplex located?
The property is located at 129 19th Avenue North Tonawanda, NY.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Two apartments, each with updated kitchen, bathroom, and flooring; Separate in‑unit laundry room and updated windows in both apartments; Granite countertops in both kitchens
