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Karin Morabito

karin@karinmorabitohomes.com +1(585) 290-6410

$ 569,900

Est. payment | -/mo

5 Beds

6,399 SqFt

Save

$ 569,900

Est. payment | -/mo

Save

5 Beds

6,399 SqFt

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 6,399 sqft

Price per Sqft $89

Subdivision Niagara River Reservation

MLS Listing ID B1708819

Bedrooms 5

Construction Status Existing

HOA Y/N No

Year Built 1930

Annual Tax Amount $7,695

Lot Size 0.360 Acres

Acres 0.36

Lot Dimensions 70X224

Property Sub-Type Other

Property Description

Welcome to 366 Goundry Street, a distinguished six-unit investment property offering a rare opportunity in the heart of North Tonawanda. Situated in an established residential neighborhood just minutes from the city's vibrant downtown district, this impressive property combines classic architectural character, a desirable location, and strong income-producing potential. The property consists of six residential units featuring a mix of studio, one-bedroom, and two-bedroom layouts, each with a full bath and kitchen appliances. All six units are currently occupied with month-to-month tenancy, providing immediate rental income along with flexibility for future ownership. Separate utilities and ample off-street parking further enhance the property's functionality and appeal. Current rents are below projected market levels, creating a compelling value-add opportunity for an investor seeking to increase revenue over time through strategic rent adjustments and continued property improvements. Conveniently located near shopping, dining, entertainment, parks, the Niagara River, public transportation, and major roadways, 366 Goundry is well positioned within one of North Tonawanda's established rental markets. Whether you're looking to expand an existing portfolio or acquire a substantial multi-unit asset with current cash flow and future upside, 366 Goundry Street presents an exceptional investment opportunity.

Location

State NY

County Niagara

Community Niagara River Reservation

Area North Tonawanda-City-291200

Direction Falconer to Goundry

Rooms

Basement Full

Interior

Heating Gas, Hot Water

Flooring Carpet, Laminate, Other, See Remarks, Varies, Vinyl

Fireplace No

Appliance Gas Oven, Gas Range, Gas Water Heater, Refrigerator

Exterior

Exterior Feature Blacktop Driveway

Community Features Other, See Remarks

Utilities Available Sewer Connected, Water Connected

Roof Type Asphalt

Garage No

Building

Lot Description Rectangular, Rectangular Lot, Residential Lot

Story 3

Sewer Connected

Water Connected, Public

Structure Type Attic/Crawl Hatchway(s) Insulated,Other,Vinyl Siding

Construction Status Existing

Schools

School District North Tonawanda

Others

Senior Community No

Tax ID 291200-185-024-0001-007-000

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

Listed by Network One Realty 716-874-3530

NEARBY SCHOOL & BUSINESS

+1(585) 290-6410

karin@karinmorabitohomes.com

333 Metro Park, Rochester, NY 14623, USA

366 Goundry ST North Tonawanda, NY 14120