Side-by-Side
New
For Sale
$269,900
794 Highland Avenue, Tonawanda, NY 14223
Both residences have long-term tenants, with shopping, dining, schools, and parks in the surrounding area.
Property Size1,636 SF
Days on Market4
Property Features for 794 Highland Avenue
General Information
Standard status
Active
Size
1,636 SF
Property subtype
Multi Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,018
Building Details
Building Size
1,636 SF
Year Built
1948
Listing Agency:
HUNT Real Estate ERA
Listed By:
Ashley Klenk · License #10401296384
(716) 906-2187
Source:
Highfallssir
Added: Oct 5
Changed: Oct 7
Last Checked: Oct 7 at 2:37PM
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
Investment Insights
Based on property information with market context.
Built in 1948, this duplex has two side-by-side residences currently occupied by long-term tenants. Property updates include a new roof, chimney, and driveway.
Shopping, restaurants, schools, parks, and major roadways are in the surrounding area.
Shopping, restaurants, schools, parks, and major roadways are in the surrounding area.
Key Highlights
- Two side‑by‑side residences
- Long‑term tenants in both units
- Built in 1948
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,519
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$210,380
$210.4K
Cap Rate 7%
$150,271
$150.3K
Cap Rate 9%
$116,878
$116.9K
Market Conditions
NOI Build-Up for 1,636 SF
Gross rent
$22.6K $13.80/SF
− Vacancy
−$7.5K −$4.61/SF
EGI
$15.0K $9.19/SF
− OpEx
−$4.5K −$2.76/SF
NOI
$10.5K $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%
$210,380
Cap Rate 7%
$150,271
Cap Rate 9%
$116,878
Alternative Uses
Best Use
Multifamily LT 5
$150.3K
$131.5K – $175.3K
NOI $10,519 @ 7.0% cap · market cap 3.90%
Second Best
Apartment 5plus
$134.9K
$118.1K – $157.4K
NOI $9,446 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$357.6K
$312.9K – $417.3K
NOI $25,035 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
551
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
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences have long-term tenants, with shopping, dining, schools, and parks in the surrounding area.
Where is this duplex located?
The property is located at 794 Highland Avenue Tonawanda, NY.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: Two side‑by‑side residences; Long‑term tenants in both units; Built in 1948
