Apartment Building With Multiple
For Sale
$1,100,000
75 Erie Street, Tonawanda, NY 14150
MultiFamily, Tonawanda, NY
Property Size11,184 SF
Lot Size0.93 Acres
Price / SF$98.35
Days on Market48
Property Features for 75 Erie Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
6
Rooms
Bedroom 5, Bedroom 6, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 1
Parking features
Open
Exterior features
BlacktopDriveway, Pool
Appliances
Dishwasher, ElectricCooktop, GasWaterHeater, Refrigerator
Subdivision
Tonawanda
Lot features
Rectangular, Rectangular Lot, Residential Lot
Middle school
Tonawanda Middle
High school
Tonawanda Senior High
Elementary school district
Tonawanda City
Middle school district
Tonawanda City
High school district
Tonawanda City
Directions
from niagara street to wheeler or from main st to wheeler
Standard status
Active
APN
141600-052-080-0002-002-110
Size
11,184 SF
Lot size
0.93 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
25037
Utilities
Heating system
Hot Water(Heating), Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
pool
Koi pond
Building Details
Year built
1992
Floors in Building
1
Number of units
7
Flooring type
Tile, Varies, Carpet, Laminate
Building materials
Brick, Frame, VinylSiding
Roof type
Shingle, Flat, Asphalt
Listing Agency:
WNY Metro Roberts Realty
(716) 875-2211
Listed By:
Robert Liebeck · License #30LI0365104
(716) 622-2246
Added: Sep 11
Changed: Oct 24
Last Checked: Oct 28 at 12:06AM
MLS# B1713797
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 apartment property at 75 Erie Street includes three townhome-style apartments, a studio apartment, a side-by-side two-bedroom duplex, and a separate two-bedroom residence. The improvements total 11,184 square feet on 0.9308 acres, with attached garage capacity that includes one-car garages for the duplex and a two-car garage serving the separate residence. A pool and Koi pond are also located on the grounds.
The property is in Tonawanda, Erie County, near the Niagara River, with a stated walkable connection to the waterfront. Construction materials include brick, frame, and vinyl siding. Interior finishes include tile, carpet, laminate, and varied flooring, while building systems include natural-gas heating, central air conditioning, and public water. The property was built in 1992 and includes open parking and a blacktop driveway.
The property is in Tonawanda, Erie County, near the Niagara River, with a stated walkable connection to the waterfront. Construction materials include brick, frame, and vinyl siding. Interior finishes include tile, carpet, laminate, and varied flooring, while building systems include natural-gas heating, central air conditioning, and public water. The property was built in 1992 and includes open parking and a blacktop driveway.
Key Highlights
- 11,184‑square‑foot apartment property on 0.9308 acres
- Three townhome apartments plus a studio apartment
- Side‑by‑side 2‑bedroom duplex with 1‑car garages
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,573
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,291,460
$1.3M
Cap Rate 7%
$922,471
$922.5K
Cap Rate 9%
$717,478
$717.5K
Market Conditions
NOI Build-Up for 11,184 SF
Gross rent
$181.2K $16.20/SF
− Vacancy
−$63.8K −$5.70/SF
EGI
$117.4K $10.50/SF
− OpEx
−$52.8K −$4.72/SF
NOI
$64.6K $5.77/SF
Area
Erie County, NY
Vacancy
35.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,291,460
Cap Rate 7%
$922,471
Cap Rate 9%
$717,478
Alternative Uses
Best Use
Apartment 5plus
$922.5K
$807.2K – $1.08M
NOI $64,573 @ 7.0% cap · market cap 5.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.44M
$2.14M – $2.85M
NOI $171,142 @ 7.0% cap · market cap 15.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
7
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Income-producing residential property with varied apartment layouts, garages, a pool, and public water service.
Where is this apartment building located?
The property is located at 75 Erie Street Tonawanda, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 11,184‑square‑foot apartment property on 0.9308 acres; Three townhome apartments plus a studio apartment; Side‑by‑side 2‑bedroom duplex with 1‑car garages
