Duplex with Fenced
315 Grandview Avenue, Tonawanda, NY 14223
For Sale
$249,999
Two apartments each offer two bedrooms and one bathroom, with an enclosed outdoor area behind the building.
Property Size1,868 SF
Days on Market16
Property Features for 315 Grandview Avenue
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Amenities
fully fenced backyard
Building Details
Building Size
Year Built
Buildings
Listing Agency:
WNY Metro Roberts Realty
Listed By:
Joseph M Tomasello · License NY #10301206199
(716) 425-5823
Source:
Highfallssir
Added: Oct 30
Changed: Nov 9
Last Checked: Nov 12 at 2:49PM
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 WNY Metro Roberts Realty
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 duplex contains two apartments, each configured with two bedrooms and one bathroom. A fenced yard provides outdoor space, and the building dates to 1935.
The property is in Tonawanda, near UB South Campus, shopping, restaurants, and major highways.
The property is in Tonawanda, near UB South Campus, shopping, restaurants, and major highways.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- Fenced yard
- Built in 1935
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,011
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$240,220
$240.2K
Cap Rate 7%
$171,586
$171.6K
Cap Rate 9%
$133,456
$133.5K
Market Conditions
NOI Build-Up for 1,868 SF
Gross rent
$25.8K $13.80/SF
− Vacancy
−$8.6K −$4.61/SF
EGI
$17.2K $9.19/SF
− OpEx
−$5.1K −$2.76/SF
NOI
$12.0K $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%
$240,220
Cap Rate 7%
$171,586
Cap Rate 9%
$133,456
Alternative Uses
Best Use
Multifamily LT 5
$171.6K
$150.1K – $200.2K
NOI $12,011 @ 7.0% cap · market cap 4.80%
Second Best
Apartment 5plus
$154.1K
$134.8K – $179.8K
NOI $10,785 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$408.4K
$357.3K – $476.4K
NOI $28,585 @ 7.0% cap · market cap 11.43%
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
Location Intelligence
Trade Area within ½ mile
293
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 Duplexes in Erie County, NY
Properties on Market for Duplexes in Erie County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two apartments each offer two bedrooms and one bathroom, with an enclosed outdoor area behind the building.
Where is this duplex located?
The property is located at 315 Grandview Avenue Tonawanda, NY.
What is the asking price?
The asking price for this property is $249,999.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 bathroom; Fenced yard; Built in 1935
