3-Unit Triplex with
307 Englewood Avenue, Tonawanda, NY 14223
For Sale
$284,900
Interior finish work and electrical updates complement the property's garage and three-unit layout.
Property Size2,130 SF
Days on Market11
Property Features for 307 Englewood Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Blue Eagle Realty Corp.
Listed By:
Caleb Canazzi · License #10311207565
(716) 536-1787
Source:
Highfallssir
Added: Oct 29
Changed: Nov 6
Last Checked: Nov 6 at 3:01PM
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 Blue Eagle Realty Corp.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-unit residential property at 307 Englewood Avenue includes a three-car garage. Built in 1935, it has new flooring and carpeting throughout, fresh paint, and updated electrical service.
The property is in Tonawanda near shopping, restaurants, and everyday amenities, with access to the University at Buffalo.
The property is in Tonawanda near shopping, restaurants, and everyday amenities, with access to the University at Buffalo.
Key Highlights
- Three‑unit residential property
- Three‑car garage
- Built in 1935
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,695
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,900
$273.9K
Cap Rate 7%
$195,643
$195.6K
Cap Rate 9%
$152,167
$152.2K
Market Conditions
NOI Build-Up for 2,130 SF
Gross rent
$29.4K $13.80/SF
− Vacancy
−$9.8K −$4.61/SF
EGI
$19.6K $9.19/SF
− OpEx
−$5.9K −$2.76/SF
NOI
$13.7K $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%
$273,900
Cap Rate 7%
$195,643
Cap Rate 9%
$152,167
Alternative Uses
Best Use
Multifamily LT 5
$195.6K
$171.2K – $228.3K
NOI $13,695 @ 7.0% cap · market cap 4.81%
Second Best
Apartment 5plus
$175.7K
$153.7K – $205.0K
NOI $12,298 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$465.6K
$407.4K – $543.2K
NOI $32,594 @ 7.0% cap · market cap 11.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
611
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
$202,200
Median Home Value
Market
Average Price Trend$/SF for Triplexes in Erie County, NY
Properties on Market for Triplexes in Erie County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Interior finish work and electrical updates complement the property's garage and three-unit layout.
Where is this triplex located?
The property is located at 307 Englewood Avenue Tonawanda, NY.
What is the asking price?
The asking price for this property is $284,900.
What are key features of this property?
This property features: Three‑unit residential property; Three‑car garage; Built in 1935
