Two-Unit Duplex with
New
For Sale
$254,000
170 Woodward Ave, Tonawanda, NY 14217
Each residence offers two bedrooms and one bathroom, with a shared yard and garage for added utility.
Property Size1,624 SF
Days on Market1
Property Features for 170 Woodward Ave
General Information
Standard status
Active
Size
1,624 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,265
Amenities
yard
garage
Building Details
Building Size
1,624 SF
Year Built
1945
Stories
2
Units
2
Listing Agency:
Serota Real Estate LLC
Listed By:
David Serota
(716) 983-1768
Source:
Elliman
Added: Nov 1
Last Checked: Nov 1 at 4:20PM
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 Serota Real Estate LLC
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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 contains two units, each arranged with two bedrooms and one bathroom. Built in 1945, the property also includes a yard and a garage with capacity for more than two vehicles. The building has been owner-occupied for many years and has received updates, though the specific work is not detailed.
At 170 Woodward Avenue in Tonawanda, the property has a Walk Score of 69, a Bike Score of 54, and a Transit Score of 36. Local shops, restaurants, parks, schools, and major roadways are cited as accessible from the property.
At 170 Woodward Avenue in Tonawanda, the property has a Walk Score of 69, a Bike Score of 54, and a Transit Score of 36. Local shops, restaurants, parks, schools, and major roadways are cited as accessible from the property.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- Garage accommodates 2+ cars
- Built in 1945
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,442
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$208,840
$208.8K
Cap Rate 7%
$149,171
$149.2K
Cap Rate 9%
$116,022
$116.0K
Market Conditions
NOI Build-Up for 1,624 SF
Gross rent
$22.4K $13.80/SF
− Vacancy
−$7.5K −$4.61/SF
EGI
$14.9K $9.19/SF
− OpEx
−$4.5K −$2.76/SF
NOI
$10.4K $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%
$208,840
Cap Rate 7%
$149,171
Cap Rate 9%
$116,022
Alternative Uses
Best Use
Multifamily LT 5
$149.2K
$130.5K – $174.0K
NOI $10,442 @ 7.0% cap · market cap 4.11%
Second Best
Apartment 5plus
$133.9K
$117.2K – $156.3K
NOI $9,376 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$355.0K
$310.6K – $414.2K
NOI $24,851 @ 7.0% cap · market cap 9.78%
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
742
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers two bedrooms and one bathroom, with a shared yard and garage for added utility.
Where is this duplex located?
The property is located at 170 Woodward Ave Tonawanda, NY.
What is the asking price?
The asking price for this property is $254,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; Garage accommodates 2+ cars; Built in 1945
