Two-Unit Duplex with
New
For Sale
$199,000
1158 Parkhurst Blvd, Tonawanda, NY 14150
Each unit offers two bedrooms, a full bath, living room, and kitchen for separate household layouts.
Property Size1,844 SF
Days on Market5
Property Features for 1158 Parkhurst Blvd
General Information
Standard status
Active
Size
1,844 SF
Total Parking Spaces
2
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$6,586
Amenities
hardwood floors
sunroom
Building Details
Building Size
1,844 SF
Year Built
1953
Buildings
1
Stories
2
Units
2
Tenancy
Multi
Listing Agency:
(716) 622-0651
Listed By:
AnnMarie Turello
(716) 622-0651
Source:
Elliman
Added: Aug 1
Changed: Aug 2
Last Checked: Aug 4 at 8:14AM
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 AnnMarie Turello
Investment Insights
Based on property information with market context.
Located at 1158 Parkhurst Blvd in Tonawanda, this duplex was built in 1953 and contains two residential units. Each level provides two bedrooms, a full bath, a living room, and a full kitchen, creating distinct living spaces within the property.
A two-car garage and attached sunroom add useful functional and recreational space. Appliances remain with both units, and a washer and dryer are included. Utilities are not separated between the apartments. The property has a 61 Walk Score, a 47 Bike Score, and a 23 Transit Score, reflecting somewhat walkable and somewhat bikeable conditions with minimal transit access.
A two-car garage and attached sunroom add useful functional and recreational space. Appliances remain with both units, and a washer and dryer are included. Utilities are not separated between the apartments. The property has a 61 Walk Score, a 47 Bike Score, and a 23 Transit Score, reflecting somewhat walkable and somewhat bikeable conditions with minimal transit access.
Key Highlights
- Two residential units, each with 2 Bedrooms and a full Bath
- Each level includes a living room and full kitchen
- Two‑car garage with attached sunroom
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 | $25.4k | $13.80 |
| − Vacancy | −$8.5k | −$4.61 |
| EGI | $16.9k | $9.19 |
| − OpEx | −$5.1k | −$2.76 |
| NOI | $11.9k | $6.43 |
1,844 SF · lease $13.80/SF/yr · vacancy 33.44% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$169.4K
$148.2K – $197.6K
NOI $11,856 @ 7.0% cap · market cap 5.96%
Second Best
Apartment 5plus
$152.1K
$133.1K – $177.5K
NOI $10,647 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$403.1K
$352.7K – $470.3K
NOI $28,218 @ 7.0% cap · market cap 14.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
752
Businesses Nearby
Explore this area
Business Placement
Demographics for 14150, NY
41,161
Population
20,152
Households
2
Avg Household Size
43
Median Age
32%
College-Educated
95%
High-School Grad
14.9 sq mi
ZIP Area
2,762
Density / Sq Mi
$70,294
Median Household Income
$46,867
Median Earnings
$1,094
Median Rent
$181,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Each unit offers two bedrooms, a full bath, living room, and kitchen for separate household layouts.
Where is this duplex located?
The property is located at 1158 Parkhurst Blvd 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: Two residential units, each with 2 Bedrooms and a full Bath; Each level includes a living room and full kitchen; Two‑car garage with attached sunroom
