Duplex with Updated
149 Nassau Avenue, Tonawanda, NY 14217
For Sale
$190,000
The first-floor residence is ready for occupancy, while the upper unit awaits flooring to complete its interior work.
Property Size2,295 SF
Days on Market9
Property Features for 149 Nassau Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
HUNT Real Estate ERA
Listed By:
Julie Parke · License NY #10401269881
(716) 796-5142
Source:
Highfallssir
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 12 at 6:35PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex has two furnaces installed 2 years ago, with a newer hot water tank serving the lower unit. The first-floor unit is ready for occupancy and has hardwood flooring beneath its carpet. The upper unit has been freshly painted and needs flooring. Vinyl siding covers the exterior, and the basement is described as mostly dry, with a solid foundation. The property is offered in as-is condition.
A rear parking pad is in place, and the roof is 7 years old. The parking area is positioned for a future garage.
A rear parking pad is in place, and the roof is 7 years old. The parking area is positioned for a future garage.
Key Highlights
- Two furnaces installed 2 years ago
- Roof is 7 years old
- First‑floor unit ready for occupancy; upper unit needs flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,756
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,120
$295.1K
Cap Rate 7%
$210,800
$210.8K
Cap Rate 9%
$163,956
$164.0K
Market Conditions
NOI Build-Up for 2,295 SF
Gross rent
$31.7K $13.80/SF
− Vacancy
−$10.6K −$4.61/SF
EGI
$21.1K $9.19/SF
− OpEx
−$6.3K −$2.76/SF
NOI
$14.8K $6.43/SF
Area
Erie County, NY
Vacancy
33.44%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,120
Cap Rate 7%
$210,800
Cap Rate 9%
$163,956
Alternative Uses
Best Use
Multifamily LT 5
$210.8K
$184.5K – $245.9K
NOI $14,756 @ 7.0% cap · market cap 7.77%
Second Best
Apartment 5plus
$189.3K
$165.6K – $220.9K
NOI $13,251 @ 7.0% cap · market cap 6.97%
Theoretical Best
Office A
$501.7K
$439.0K – $585.3K
NOI $35,119 @ 7.0% cap · market cap 18.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
794
Businesses Nearby
Explore this area
Business Placement
Demographics for 14217, NY
23,085
Population
11,280
Households
2
Avg Household Size
41
Median Age
41%
College-Educated
95%
High-School Grad
3.2 sq mi
ZIP Area
7,214
Density / Sq Mi
$72,205
Median Household Income
$51,075
Median Earnings
$970
Median Rent
$193,200
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Erie County, NY
Properties on Market for Duplexes in Erie County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The first-floor residence is ready for occupancy, while the upper unit awaits flooring to complete its interior work.
Where is this duplex located?
The property is located at 149 Nassau Avenue Tonawanda, NY.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: Two furnaces installed 2 years ago; Roof is 7 years old; First‑floor unit ready for occupancy; upper unit needs flooring
