Updated Duplex with Original
87 Eiseman Ave, Tonawanda, NY 14217
For Sale
$289,900
Two residential units feature refreshed interiors, separate electrical services, and kitchens equipped with new appliances.
Property Size2,012 SF
Days on Market81
Property Features for 87 Eiseman Ave
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
WNY METRO ROBERTS REALTY
Listed By:
Richard A Labarba · License NY 30LA1117049
(716) 559-9972
Source:
Elliman
Added: Aug 26
Changed: Nov 13
Last Checked: Nov 10 at 5:50PM
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 WNY METRO ROBERTS REALTY
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,012-square-foot duplex, built in 1926, combines extensive recent improvements with retained period character. Updates include a new roof, siding, glass block, an expanded driveway, two new electrical services, remodeled kitchens with new appliances, and updated bathrooms. Original hardwood flooring has been refinished, while original tile remains in the bathrooms.
The property is located at 87 Eiseman Ave in Buffalo, NY, with walking access to the Delaware and Elmwood districts. The configuration offers two separate apartments, and the property may be purchased with an occupant in place or delivered vacant, as supported by the current offering terms.
The property is located at 87 Eiseman Ave in Buffalo, NY, with walking access to the Delaware and Elmwood districts. The configuration offers two separate apartments, and the property may be purchased with an occupant in place or delivered vacant, as supported by the current offering terms.
Key Highlights
- 2,012‑square‑foot duplex built in 1926
- New roof, siding, glass block, and expanded driveway
- Two new electrical services
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,937
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,740
$258.7K
Cap Rate 7%
$184,814
$184.8K
Cap Rate 9%
$143,744
$143.7K
Market Conditions
NOI Build-Up for 2,012 SF
Gross rent
$27.8K $13.80/SF
− Vacancy
−$9.3K −$4.61/SF
EGI
$18.5K $9.19/SF
− OpEx
−$5.5K −$2.76/SF
NOI
$12.9K $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%
$258,740
Cap Rate 7%
$184,814
Cap Rate 9%
$143,744
Alternative Uses
Best Use
Multifamily LT 5
$184.8K
$161.7K – $215.6K
NOI $12,937 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$166.0K
$145.2K – $193.6K
NOI $11,617 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$439.8K
$384.9K – $513.1K
NOI $30,788 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
1,033
Businesses Nearby
Explore this area
Business Placement
Demographics for 14217, NY
23,085
Population
11,280
Households
2
Avg Household Size
41
Median Age
41%
College-Educated
95%
High-School Grad
3.2 sq mi
ZIP Area
7,214
Density / Sq Mi
$72,205
Median Household Income
$51,075
Median Earnings
$970
Median Rent
$193,200
Median Home Value
Market
Average Price Trend$/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 residential units feature refreshed interiors, separate electrical services, and kitchens equipped with new appliances.
Where is this duplex located?
The property is located at 87 Eiseman Ave Tonawanda, NY.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: 2,012‑square‑foot duplex built in 1926; New roof, siding, glass block, and expanded driveway; Two new electrical services
