Two-Unit Duplex with Private
New
For Sale
$374,900
975 Oliver St, North Tonawanda, NY 14120
Each residence includes a two-car garage, with three garages serving the property overall.
Property Size2,280 SF
Days on Market2
Property Features for 975 Oliver St
General Information
Standard status
Active
Size
2,280 SF
Total Parking Spaces
6
Property subtype
Multi Family
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,928
Building Details
Building Size
2,280 SF
Year Built
2006
Stories
2
Units
2
Listing Agency:
Howard Hanna WNY Inc.
Listed By:
Chrystal A Manzare · License #10401277732
(716) 743-8656
Source:
Elliman
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 10 at 2:52AM
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 Howard Hanna WNY Inc.
Investment Insights
Based on property information with market context.
This 2006 duplex contains two residences, each configured with two bedrooms and 1.5 baths. Both units have large living rooms, eat-in kitchens, generously sized bedrooms, closet space, and a private basement for storage. Three two-car garages provide a substantial garage component alongside the apartments.
Long-term tenants would like to remain in place. The property is located near shopping, amenities, and an aquatic center under construction. The source also identifies the area as somewhat bikeable and car-dependent.
Long-term tenants would like to remain in place. The property is located near shopping, amenities, and an aquatic center under construction. The source also identifies the area as somewhat bikeable and car-dependent.
Key Highlights
- Two units, each with 2 bedrooms and 1.5 baths
- Built in 2006
- Three 2‑car garages
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,024
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,480
$400.5K
Cap Rate 7%
$286,057
$286.1K
Cap Rate 9%
$222,489
$222.5K
Market Conditions
NOI Build-Up for 2,280 SF
Gross rent
$30.6K $13.44/SF
− Vacancy
−$2.0K −$0.89/SF
EGI
$28.6K $12.55/SF
− OpEx
−$8.6K −$3.76/SF
NOI
$20.0K $8.78/SF
Area
Niagara County, NY
Vacancy
6.65%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,480
Cap Rate 7%
$286,057
Cap Rate 9%
$222,489
Alternative Uses
Best Use
Multifamily LT 5
$286.1K
$250.3K – $333.7K
NOI $20,024 @ 7.0% cap · market cap 5.34%
Second Best
Apartment 5plus
$253.9K
$222.2K – $296.2K
NOI $17,773 @ 7.0% cap · market cap 4.74%
Theoretical Best
Warehouse
$1.94M
$1.70M – $2.26M
NOI $135,612 @ 7.0% cap · market cap 36.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
350
Businesses Nearby
Explore this area
Business Placement
Demographics for 14120, NY
44,538
Population
20,367
Households
2.2
Avg Household Size
45
Median Age
30%
College-Educated
94%
High-School Grad
32.6 sq mi
ZIP Area
1,366
Density / Sq Mi
$76,608
Median Household Income
$47,014
Median Earnings
$932
Median Rent
$205,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes a two-car garage, with three garages serving the property overall.
Where is this duplex located?
The property is located at 975 Oliver St North Tonawanda, NY.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1.5 baths; Built in 2006; Three 2‑car garages
