Two-Unit Duplex with Separate
36 Wendel Avenue, Tonawanda, NY 14223
For Sale
$210,000
Two two-bedroom residences include distinct interior layouts, with a den and formal dining room in the lower home.
Property Size1,692 SF
Days on Market56
Property Features for 36 Wendel Avenue
General Information
Standard status
Size
Property subtype
Units
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Gurney Becker & Bourne
Listed By:
Tracy Heneghan · License #10401284827
(716) 228-1884
Source:
Highfallssir
Added: Sep 14
Changed: Nov 7
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 Gurney Becker & Bourne
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Investment Insights
Based on property information with market context.
At 36 Wendel Avenue in Tonawanda, this 1936 duplex contains 1,692 square feet across two residences, each with two bedrooms and one full bathroom. The lower unit features a den, a formal dining room with hardwood flooring, and a living room with a decorative fireplace and built-in shelving. An eat-in kitchen and walk-in pantry serve the upper unit. Appliances are included, and separate laundry connections are available in the basement; the current tenants share a washer and dryer.
Utilities, including water, are separately metered. Property improvements include basement waterproofing in 2016, a sump pump installed in 2017, and replacement windows added in 2019. Furnace and hot water tank work was completed at different times in the two units. The property is minutes from UB's South Campus.
Utilities, including water, are separately metered. Property improvements include basement waterproofing in 2016, a sump pump installed in 2017, and replacement windows added in 2019. Furnace and hot water tank work was completed at different times in the two units. The property is minutes from UB's South Campus.
Key Highlights
- Two residences, each with two bedrooms and one full bath
- 1,692 square feet; built in 1936
- Separate utilities, including water
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,879
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$217,580
$217.6K
Cap Rate 7%
$155,414
$155.4K
Cap Rate 9%
$120,878
$120.9K
Market Conditions
NOI Build-Up for 1,692 SF
Gross rent
$23.3K $13.80/SF
− Vacancy
−$7.8K −$4.61/SF
EGI
$15.5K $9.19/SF
− OpEx
−$4.7K −$2.76/SF
NOI
$10.9K $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%
$217,580
Cap Rate 7%
$155,414
Cap Rate 9%
$120,878
Alternative Uses
Best Use
Multifamily LT 5
$155.4K
$136.0K – $181.3K
NOI $10,879 @ 7.0% cap · market cap 5.18%
Second Best
Apartment 5plus
$139.6K
$122.1K – $162.8K
NOI $9,769 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$369.9K
$323.7K – $431.5K
NOI $25,892 @ 7.0% cap · market cap 12.33%
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
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 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 two-bedroom residences include distinct interior layouts, with a den and formal dining room in the lower home.
Where is this duplex located?
The property is located at 36 Wendel Avenue Tonawanda, NY.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Two residences, each with two bedrooms and one full bath; 1,692 square feet; built in 1936; Separate utilities, including water
