366 Goundry Street

North Tonawanda NY 14120

6399 sq. ft.

15680 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

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.

Features

5 bedrooms

6399 sq. ft. floor area

15680 sq. ft. lot size

Multi-Family

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