Four-Unit Apartment
For Sale
$380,000
94 Cleveland Ave, Tonawanda, NY 14150
Four apartments offer two bedrooms each, with garage parking, storage, and tenant laundry hookups.
Property Size4,946 SF
Price / SF$76.83
Days on Market48
Property Features for 94 Cleveland Ave
General Information
Standard status
Active
Size
4,946 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 2BR
Multifamily Units
4
Amenities
washer and dryer hookups
private storage room
enclosed front porch
enclosed back porch
Building Details
Year Built
1932
Buildings
1
Tenancy
Multi
Listing Agency:
WNYbyOwner.com
Listed By:
Robyn Sansone · License #10491209960
(716) 523-8508
Source:
Skinnercnyrealty
Added: Sep 2
Changed: Oct 16
Last Checked: Oct 7 at 4:23PM
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 WNYbyOwner.com
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 1932 quadplex contains four two-bedroom apartments within approximately 4,946 square feet. The building includes a three-car garage, off-street parking, enclosed front and rear porches, and a vinyl exterior. Some units have updated paint and carpeting installed within the past five years, while the property also has a combination of newer vinyl replacement windows and storm windows.
Each apartment has basement washer and dryer hookups plus a private storage room. Gas and electric utilities are separately metered for the apartments, with the owner responsible for water and sewer. The electrical system includes an updated panel with circuit breakers. The property is located at 94 Cleveland Ave in the City of Tonawanda, with a Walk Score of 69 and Bike Score of 66.
Each apartment has basement washer and dryer hookups plus a private storage room. Gas and electric utilities are separately metered for the apartments, with the owner responsible for water and sewer. The electrical system includes an updated panel with circuit breakers. The property is located at 94 Cleveland Ave in the City of Tonawanda, with a Walk Score of 69 and Bike Score of 66.
Key Highlights
- Four 2‑bedroom apartments in a quadplex configuration
- 4,946 square feet on a property built in 1932
- 3‑car garage plus off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,801
Cap Rate
8.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$636,020
$636.0K
Cap Rate 7%
$454,300
$454.3K
Cap Rate 9%
$353,344
$353.3K
Market Conditions
NOI Build-Up for 4,946 SF
Gross rent
$68.3K $13.80/SF
− Vacancy
−$22.8K −$4.61/SF
EGI
$45.4K $9.19/SF
− OpEx
−$13.6K −$2.76/SF
NOI
$31.8K $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%
$636,020
Cap Rate 7%
$454,300
Cap Rate 9%
$353,344
Alternative Uses
Best Use
Multifamily LT 5
$454.3K
$397.5K – $530.0K
NOI $31,801 @ 7.0% cap · market cap 8.37%
Second Best
Apartment 5plus
$408.0K
$357.0K – $476.0K
NOI $28,557 @ 7.0% cap · market cap 7.52%
Theoretical Best
Office A
$1.08M
$946.1K – $1.26M
NOI $75,686 @ 7.0% cap · market cap 19.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
503
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Four apartments offer two bedrooms each, with garage parking, storage, and tenant laundry hookups.
Where is this quadplex located?
The property is located at 94 Cleveland Ave Tonawanda, NY.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Four 2‑bedroom apartments in a quadplex configuration; 4,946 square feet on a property built in 1932; 3‑car garage plus off‑street parking
