Two-Unit Duplex with
350 Thompson Street, North Tonawanda, NY 14120
For Sale
$169,900
Residential, North Tonawanda, NY
Property Size1,826 SF
Lot Size0.08 Acres
Price / SF$93.04
Days on Market48
Property Features for 350 Thompson Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Interior features
Exterior features
Fencing
Appliances
Subdivision
Lot features
Elementary school district
Middle school district
High school district
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
Keller Williams Realty WNY
(716) 832-3300
Listed By:
Josh J Peters · License NY 40PE0895599
(716) 583-1348
Added: Sep 24
Changed: Nov 5
Last Checked: Nov 10 at 3:06AM
MLS# B1716737
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.
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Investment Insights
Based on property information with market context.
This 1,826-square-foot duplex at 350 Thompson Street contains two apartments on a 0.0826-acre lot. The first-floor unit has three bedrooms, one bathroom, a living room, dining room, kitchen, pantry, and laundry room with hookups. Upstairs, the one-bedroom, one-bathroom unit includes living and dining rooms, a kitchen, and basement laundry hookups. Each apartment also has a sunroom with extensive window area.
Built in 1900, the property has a porch, enclosed porch, fenced yard, forced-air natural gas heat, and public water. The building has composite siding and an asphalt shingle roof. Finishing work remains, as noted in the property information.
Built in 1900, the property has a porch, enclosed porch, fenced yard, forced-air natural gas heat, and public water. The building has composite siding and an asphalt shingle roof. Finishing work remains, as noted in the property information.
Key Highlights
- Two apartments: one with 3 bedrooms and 1 bathroom, the other with 1 bedroom and 1 bathroom
- 1,826 square feet on a 0.0826‑acre lot
- Sunrooms with extensive windows in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,234
Cap Rate
8.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,680
$284.7K
Cap Rate 7%
$203,343
$203.3K
Cap Rate 9%
$158,156
$158.2K
Market Conditions
NOI Build-Up for 1,826 SF
Gross rent
$27.8K $15.24/SF
− Vacancy
−$1.9K −$1.07/SF
EGI
$25.9K $14.17/SF
− OpEx
−$11.6K −$6.38/SF
NOI
$14.2K $7.80/SF
Area
Niagara County, NY
Vacancy
7.00%
Lease Rate
$15.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$284,680
Cap Rate 7%
$203,343
Cap Rate 9%
$158,156
Alternative Uses
Best Use
Multifamily LT 5
$229.1K
$200.5K – $267.3K
NOI $16,037 @ 7.0% cap · market cap 9.44%
Second Best
Apartment 5plus
$203.3K
$177.9K – $237.2K
NOI $14,234 @ 7.0% cap · market cap 8.38%
Theoretical Best
Office A
$491.9K
$430.4K – $573.9K
NOI $34,433 @ 7.0% cap · market cap 20.27%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
924
Businesses Nearby
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Business Placement
Demographics for 14120, NY
44,538
Population
20,367
Households
2.2
Avg Household Size
45
Median Age
30%
College-Educated
94%
High-School Grad
32.6 sq mi
ZIP Area
1,366
Density / Sq Mi
$76,608
Median Household Income
$47,014
Median Earnings
$932
Median Rent
$205,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Niagara County, NY
Properties on Market for Duplexes in Niagara County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two apartments offer separate living, dining, and kitchen areas, with laundry hookups serving both units.
Where is this duplex located?
The property is located at 350 Thompson Street North Tonawanda, NY.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: Two apartments: one with 3 bedrooms and 1 bathroom, the other with 1 bedroom and 1 bathroom; 1,826 square feet on a 0.0826‑acre lot; Sunrooms with extensive windows in both units
