2-Unit Duplex with
New
For Sale
$264,900
933 Starin Avenue, Tonawanda, NY 14223
Residential Income, Tonawanda, NY
Property Size2,580 SF
Price / SF$102.67
Days on Market3
Property Features for 933 Starin Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi-Family
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 6, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 2
Interior features
Entrance Foyer
Subdivision
Belmont
High school district
KENMORE-TONAWANDA UNION FREE SCHOOL DISTRICT
Directions
From Englewood to Starin
Standard status
Active
Size
2,580 SF
Taxes and HOA fees
Tax Annual Amount
4900
Utilities
Heating system
Natural Gas, Forced Air
Water source
Public
Amenities
patio
Building Details
Year built
1940
Flooring type
Hardwood
Building materials
Stucco
Listing Agency:
BUFFALO HOME SELLERS LLC
(716) 838-0957
Listed By:
Matt Quagliano
(716) 471-9266
Added: Oct 30
Changed: Nov 1
Last Checked: Nov 1 at 10:06PM
MLS# 12051789
Copyright © 2026 My State MLS. 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 2,580-square-foot duplex contains two residences, each with a kitchen and bathroom. The lower unit features an enlarged living room, a formal dining room, and new flooring. Upstairs, oak floors, period moldings, and a separate dining room add character. The building has stucco siding, hardwood flooring, an entrance foyer, natural-gas forced-air heat, and public water. Built in 1940, the property also includes a patio and driveway.
Key Highlights
- 2,580‑square‑foot duplex with two separate units
- Independent modern utilities for each residence
- Lower unit includes an enlarged living room, formal dining room, and new floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,589
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,780
$331.8K
Cap Rate 7%
$236,986
$237.0K
Cap Rate 9%
$184,322
$184.3K
Market Conditions
NOI Build-Up for 2,580 SF
Gross rent
$35.6K $13.80/SF
− Vacancy
−$11.9K −$4.61/SF
EGI
$23.7K $9.19/SF
− OpEx
−$7.1K −$2.76/SF
NOI
$16.6K $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%
$331,780
Cap Rate 7%
$236,986
Cap Rate 9%
$184,322
Alternative Uses
Best Use
Multifamily LT 5
$237.0K
$207.4K – $276.5K
NOI $16,589 @ 7.0% cap · market cap 6.26%
Second Best
Apartment 5plus
$212.8K
$186.2K – $248.3K
NOI $14,896 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$564.0K
$493.5K – $658.0K
NOI $39,480 @ 7.0% cap · market cap 14.90%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
390
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer distinct living and dining areas, with modern utilities serving each unit independently.
Where is this duplex located?
The property is located at 933 Starin Avenue Tonawanda, NY.
What is the asking price?
The asking price for this property is $264,900.
What are key features of this property?
This property features: 2,580‑square‑foot duplex with two separate units; Independent modern utilities for each residence; Lower unit includes an enlarged living room, formal dining room, and new floors
