Four-Unit Brick Multifamily
2727 Alder Creek Drive S North Tonawanda, NY 14120
New
For Sale
$429,000
MULTI_FAMILY - Other - North Tonawanda, NY
Property Size3,744 SF
Lot Size0.33 Acres
Price / SF$114.58
Days on Market3
Property Features for 2727 Alder Creek Drive S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bedroom 4, Bathroom 4, Bedroom 2, Bathroom 1, Bathroom 3, Bedroom 5, Bedroom 7, Bedroom 1, Bedroom 3, Bedroom 6
- Patio and Porch features
- Patio
- Interior features
- CeilingFans
- Exterior features
- Patio
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 294000-162-002-0001-078-000
- Size
- 3,744 SF
- Lot size
- 0.33 Acres
Taxes and HOA fees
- Tax Annual Amount
- 9178
Utilities
- Heating system
- Electric (Heating), Baseboard
- Water source
- Public
Building Details
- Year built
- 1990
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Varies, Carpet, Vinyl
- Building materials
- Brick, CopperPlumbing
- Roof type
- Shingle, Asphalt
- Architectural style
- Other
Listing Agency:
Keller Williams Realty WNY
(716) 832-3300
Listed By:
Janelle R Rohring · License #10401317049
(716) 940-9980
Added: Jul 23
Changed: Jul 24
Last Checked: Jul 25 at 9:06PM
MLS# B1701082
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Welcome to 2727 Alder Creek Drive S, an all-brick four-unit multifamily property in the Town of Wheatfield. The building is configured with three 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. Off-street parking is available, and the property includes common laundry facilities, air conditioning in every unit, and interior tenant storage. Two storage sheds are also included.
Recent improvements include a complete tear-off roof completed in June 2026. The rear yard provides additional outdoor space, with the potential for further improvements such as a garage, subject to buyer verification of approvals.
This property presents an income-producing setup with two long-term tenants currently in place, along with two vacant units available for new occupancy.
Recent improvements include a complete tear-off roof completed in June 2026. The rear yard provides additional outdoor space, with the potential for further improvements such as a garage, subject to buyer verification of approvals.
This property presents an income-producing setup with two long-term tenants currently in place, along with two vacant units available for new occupancy.
Key Highlights
- All‑brick four‑unit property built in 1990 with three 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
- Recent complete tear‑off roof planned for June 2026
- Air conditioning in every unit plus common laundry facilities for tenants
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 | $50.3k | $13.44 |
| − Vacancy | −$3.3k | −$0.89 |
| EGI | $47.0k | $12.55 |
| − OpEx | −$14.1k | −$3.76 |
| NOI | $32.9k | $8.78 |
3,744 SF · lease $13.44/SF/yr · vacancy 6.65% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$469.7K
$411.0K – $548.0K
NOI $32,881 @ 7.0% cap · market cap 7.66%
Second Best
Apartment 5plus
$416.9K
$364.8K – $486.4K
NOI $29,185 @ 7.0% cap · market cap 6.80%
Theoretical Best
Warehouse
$3.18M
$2.78M – $3.71M
NOI $222,688 @ 7.0% cap · market cap 51.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - All-brick four-unit property with updated roof and on-site laundry plus air conditioning in every unit.
Where is this quadplex located?
The property is located at 2727 Alder Creek Drive S North Tonawanda, NY.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: All‑brick four‑unit property built in 1990 with three 2‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit; Recent complete tear‑off roof planned for June 2026; Air conditioning in every unit plus common laundry facilities for tenants
