Renovated 2-Unit
67 Erie Street, Tonawanda, NY 14150
For Sale
New
$349,900
Each residence has three bedrooms, a full bathroom, living and dining rooms, and a kitchen.
Property Size2,217 SF
Days on Market7
Property Features for 67 Erie Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
HUNT Real Estate ERA
Listed By:
Md Nazmul Hussain · License #10401369637
(347) 968-4231
Source:
Highfallssir
Added: Nov 2
Changed: Nov 7
Last Checked: Nov 6 at 12:37PM
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 HUNT Real Estate ERA
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Investment Insights
Based on property information with market context.
This duplex, built in 1967, contains two residences with matching layouts: three bedrooms, one full bathroom, a living room, dining room, and kitchen in each. Interior updates include hardwood flooring, tiled bathrooms, and new kitchens. New hot water tanks and newer furnaces serve the property. A full basement provides storage, and the property also includes a newly built 1.5-car garage.
Shopping, dining, schools, and other amenities are nearby.
Shopping, dining, schools, and other amenities are nearby.
Key Highlights
- Two residences, each with 3 bedrooms and 1 full bathroom
- Each unit includes a living room, dining room, and kitchen
- Updated hardwood flooring, tiled bathrooms, and kitchens
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,255
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,100
$285.1K
Cap Rate 7%
$203,643
$203.6K
Cap Rate 9%
$158,389
$158.4K
Market Conditions
NOI Build-Up for 2,217 SF
Gross rent
$30.6K $13.80/SF
− Vacancy
−$10.2K −$4.61/SF
EGI
$20.4K $9.19/SF
− OpEx
−$6.1K −$2.76/SF
NOI
$14.3K $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%
$285,100
Cap Rate 7%
$203,643
Cap Rate 9%
$158,389
Alternative Uses
Best Use
Multifamily LT 5
$203.6K
$178.2K – $237.6K
NOI $14,255 @ 7.0% cap · market cap 4.07%
Second Best
Apartment 5plus
$182.9K
$160.0K – $213.3K
NOI $12,800 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$484.6K
$424.1K – $565.4K
NOI $33,925 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
294
Businesses Nearby
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Business Placement
Demographics for 14150, NY
41,161
Population
20,152
Households
2
Avg Household Size
43
Median Age
32%
College-Educated
95%
High-School Grad
14.9 sq mi
ZIP Area
2,762
Density / Sq Mi
$70,294
Median Household Income
$46,867
Median Earnings
$1,094
Median Rent
$181,900
Median Home Value
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Market
Average Price Trend$/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 - Each residence has three bedrooms, a full bathroom, living and dining rooms, and a kitchen.
Where is this duplex located?
The property is located at 67 Erie Street Tonawanda, NY.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 1 full bathroom; Each unit includes a living room, dining room, and kitchen; Updated hardwood flooring, tiled bathrooms, and kitchens
