169 Parkwood Avenue, Tonawanda, NY 14217

Property Description

Exceptional opportunity in the heart of the Village of Kenmore! This well maintained triplex has historically generated $33,660 in annual gross rental income ($2,805 per month) and now presents an even more versatile opportunity for both investors and owner occupants. The spacious upper apartment, previously rented for $1,330 per month, will be vacant at the end of July, creating the rare opportunity for an owner occupant to move right in or for an investor to establish a new tenant at today's market rental rate while the two first floor apartments continue producing immediate rental income. All utilities are currently included. The property features 3 spacious apartments. The 1st floor offers 2 separate 1 bedroom units, while the 2nd floor features a generous apartment with a flexible floor plan that can function as either a one or two bedroom layout, with the additional room currently being used as a playroom. Each unit offers spacious living areas filled with natural light and timeless character. The lower front apartment enjoys a large covered front porch, while the upper apartment features its own private rear deck, offering desirable outdoor living space. A vinyl sided detached two car garage provides shared off street parking and additional storage. Investors will appreciate the numerous recent capital improvements, including a brand new tear off roof completed in June 2026, covering both the main roof and rear porch roof. The welcoming front porch was rebuilt in 2025, adding both curb appeal and long term value. Additional improvements include some newer vinyl replacement windows throughout the property, allowing the next owner to focus on maximizing rental potential rather than major deferred maintenance.