Two-Unit Multifamily
For Sale
$359,000
154 Niagara Falls Boulevard, Tonawanda, NY 14223
Two-unit multifamily property in Kenmore-Tonawanda Union Free School District with neighborhood-street access to public transit.
Property Size4,728 SF
Days on Market113
Property Features for 154 Niagara Falls Boulevard
General Information
Standard status
Active
Size
4,728 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,662
Building Details
Building Size
4,728 SF
Year Built
1920
Tenancy
Multi
Listing Agency:
Howard Hanna WNY Inc.
Listed By:
Musa Alamari · License #10401301846
(716) 533-3368
Source:
Highfallssir
Added: Jul 1
Changed: Oct 19
Last Checked: Oct 19 at 4:50PM
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 Howard Hanna WNY Inc.
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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 two-unit multifamily duplex offers two separate residential units on a single property. It is located in the Kenmore-Tonawanda Union Free School District and sits on a neighborhood street.
The property is positioned with convenient access to public transportation and local amenities. WalkScore is reported at 77 (Very Walkable), with BikeScore at 50 (Bikeable) and TransitScore at 50 (Good Transit), supporting day-to-day connectivity for tenants.
As a two-unit residential income property, it provides an owner the opportunity to hold both units under one roof at 154 Niagara Falls Blvd in Tonawanda, NY 14223.
The property is positioned with convenient access to public transportation and local amenities. WalkScore is reported at 77 (Very Walkable), with BikeScore at 50 (Bikeable) and TransitScore at 50 (Good Transit), supporting day-to-day connectivity for tenants.
As a two-unit residential income property, it provides an owner the opportunity to hold both units under one roof at 154 Niagara Falls Blvd in Tonawanda, NY 14223.
Key Highlights
- Two‑unit multifamily property
- Built in 1920
- Located in the Kenmore‑Tonawanda Union Free School District
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,400
Cap Rate
8.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,000
$608.0K
Cap Rate 7%
$434,286
$434.3K
Cap Rate 9%
$337,778
$337.8K
Market Conditions
NOI Build-Up for 4,728 SF
Gross rent
$65.2K $13.80/SF
− Vacancy
−$21.8K −$4.61/SF
EGI
$43.4K $9.19/SF
− OpEx
−$13.0K −$2.76/SF
NOI
$30.4K $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%
$608,000
Cap Rate 7%
$434,286
Cap Rate 9%
$337,778
Alternative Uses
Best Use
Multifamily LT 5
$434.3K
$380.0K – $506.7K
NOI $30,400 @ 7.0% cap · market cap 8.47%
Second Best
Apartment 5plus
$390.0K
$341.2K – $455.0K
NOI $27,298 @ 7.0% cap · market cap 7.60%
Theoretical Best
Office A
$1.03M
$904.4K – $1.21M
NOI $72,350 @ 7.0% cap · market cap 20.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
904
Businesses Nearby
Explore this area
Business Placement
Demographics for 14223, NY
22,658
Population
10,586
Households
2.1
Avg Household Size
41
Median Age
44%
College-Educated
97%
High-School Grad
3.5 sq mi
ZIP Area
6,474
Density / Sq Mi
$83,528
Median Household Income
$49,835
Median Earnings
$976
Median Rent
$202,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit multifamily property in Kenmore-Tonawanda Union Free School District with neighborhood-street access to public transit.
Where is this duplex located?
The property is located at 154 Niagara Falls Boulevard Tonawanda, NY.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: Two‑unit multifamily property; Built in 1920; Located in the Kenmore‑Tonawanda Union Free School District
