Two-Unit Duplex with Detached
New
For Sale
$224,900
16 Bellah Pl 10, Tonawanda, NY 14150
Both residences have private laundry, with a detached garage providing additional parking and storage.
Property Size1,976 SF
Days on Market2
Property Features for 16 Bellah Pl 10
General Information
Standard status
Active
Size
1,976 SF
Total Parking Spaces
2
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,504
Amenities
in-unit laundry
deck
fenced yard
Building Details
Building Size
1,976 SF
Year Built
1942
Buildings
1
Stories
1
Units
2
Listing Agency:
Howard Hanna WNY Inc.
Listed By:
Chrystal A Manzare · License #10401277732
(716) 743-8656
Source:
Elliman
Added: Oct 23
Last Checked: Oct 23 at 4:41PM
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.
Built in 1942, this duplex has two separate residences: a three-bedroom, one-and-a-half-bath main unit and a two-bedroom, one-bath second unit. The second unit has a refreshed bathroom and paint, and each residence includes its own laundry. A detached two-car garage has a new opener and offers additional storage. Outside, a Trex deck with vinyl railings overlooks a fenced yard.
The property is on Bellah Place in Tonawanda, near shopping and with access to the Thruway. The two-unit configuration, distinct bedroom and bathroom counts, and separate laundry facilities provide a clear division between the residences.
The property is on Bellah Place in Tonawanda, near shopping and with access to the Thruway. The two-unit configuration, distinct bedroom and bathroom counts, and separate laundry facilities provide a clear division between the residences.
Key Highlights
- Two residences: 3‑bedroom, 1.5‑bath main unit and 2‑bedroom, 1‑bath second unit
- Each unit has its own laundry
- Detached 2‑car garage with new opener
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,705
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$254,100
$254.1K
Cap Rate 7%
$181,500
$181.5K
Cap Rate 9%
$141,167
$141.2K
Market Conditions
NOI Build-Up for 1,976 SF
Gross rent
$27.3K $13.80/SF
− Vacancy
−$9.1K −$4.61/SF
EGI
$18.2K $9.19/SF
− OpEx
−$5.4K −$2.76/SF
NOI
$12.7K $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%
$254,100
Cap Rate 7%
$181,500
Cap Rate 9%
$141,167
Alternative Uses
Best Use
Multifamily LT 5
$181.5K
$158.8K – $211.8K
NOI $12,705 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$163.0K
$142.6K – $190.2K
NOI $11,409 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$432.0K
$378.0K – $504.0K
NOI $30,238 @ 7.0% cap · market cap 13.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
367
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
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have private laundry, with a detached garage providing additional parking and storage.
Where is this duplex located?
The property is located at 16 Bellah Pl 10 Tonawanda, NY.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: Two residences: 3‑bedroom, 1.5‑bath main unit and 2‑bedroom, 1‑bath second unit; Each unit has its own laundry; Detached 2‑car garage with new opener
