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2494 Sheridan Drive, Tonawanda-Town, NY 14150

For Sale

$2,100,000

15 beds • 12,984 sqft

Estimated Payment

$ 13,678 /mo. †

6.63% APR for 30 yrs.
$34,982 in taxes
Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $161.74
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

This well-maintained, 2.5-story brick apartment building offers a fantastic investment opportunity with strong potential for value-add improvements. Located on Sheridan Drive, a major commercial corridor connecting the suburbs of Tonawanda and Amherst, the property features a desirable mix of 11 two-bedroom and 4 one-bedroom apartments, each with spacious layouts and eat-in kitchens. Key Property Highlights: One and two-bedroom apartments with room for upgrades and increased rental income. Building Improvements: Recent updates include newer roofs and windows. Prime Location: Positioned along a high-traffic commercial route with easy access to shopping, dining, and major highways. Strong Upside Potential: Significant opportunity for upgrades to interiors, including kitchen and bathroom enhancements, that can lead to higher rents and increased property value. Low Maintenance: Solid 1966 construction with low-rise apartment style (3 stories total), making for minimal upkeep. No. Units: 15 total (11 two-bedroom, 4 one-bedroom) Unit Features: Air Conditioning Balconies in select units Dishwashers Refrigerators and Ovens Heating and Carpeted Floors Spacious Family Rooms and Freezer Options Bathtub/Shower Combos Site Amenities: 24-Hour Access Controlled Access for added security Don t miss out on this opportunity to acquire a well-located multifamily asset with substantial upside potential.
MLS# B1581351

Courtesy Of Keller Williams Realty Buffalo Northtowns

(716) 832-3300

Property Features

  • Age
    Over 50 Years Old
  • Appliances
    Dishwasher, Refrigerator, Washer
  • Architecture Style
    Other
  • Exterior Type
    Brick
  • Floor Covering
    Carpet
  • Heating System
    Baseboard
  • Lot Size
    0.42 Acres
  • Roof Type
    Asphalt

Map and Directions

Directions to 2494 Sheridan Drive, Tonawanda-Town, NY 14150

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Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $10,763
  • Property Taxes
    $2,915
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $13,678

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Franklin Middle School

Grades 5-7 Public School

Buffalo, NY 14223 0.7 miles
540 parkhurst blvd

648 total students
10:1 Student teacher ratio

School Rating: D+

School Details

Thomas A Edison Elementary School

Grades KG-4 Public School

Tonawanda, NY 14150 0.4 miles
236 grayton rd

549 total students
11:1 Student teacher ratio

School Rating: D

School Details

Kenmore East High School

Grades 8-12 Public School

Tonawanda, NY 14150 0.7 miles
350 fries rd

1174 total students
10:1 Student teacher ratio

School Rating: C+

School Details
Other Nearby Schools Distance Type Grades School Rating
Franklin Elementary School 0.7 miles Public KG-4 C-
St John The Baptist School 0.8 miles Private PK-8
Hoover Middle School 1.1 miles Public 5-7 C+
Hoover Elementary School 1.2 miles Public KG-4 C
Lindbergh Elementary School 1.2 miles Public KG-4 B-
Kenmore West High School 1.3 miles Public 8-12 C+
St Joseph's Collegiate Institute 1.6 miles Private 9-12
Windermere Blvd School 1.6 miles Public PK-5 B-
Cardinal O'hara High School 1.7 miles Private 9-12
Mount St. Mary Academy 1.8 miles Private 9-12
St Andrews Country Day School 1.8 miles Private PK-8
Sweet Home Middle School 1.8 miles Public 6-8 C+
North Park Community School #50 2 miles Public PK-2 C+
Mullen Elementary School 2.1 miles Public KG-5
Glendale Elementary School 2.1 miles Public KG-5 C
New Life Christian School 2.1 miles Private KG-12
St Joseph University School 2.2 miles Private KG-8

Franklin Elementary School

Distance: 0.7 miles

Type Public

Grades: KG-4

C-

St John The Baptist School

Distance: 0.8 miles

Type Private

Grades: PK-8

Hoover Middle School

Distance: 1.1 miles

Type Public

Grades: 5-7

C+

Hoover Elementary School

Distance: 1.2 miles

Type Public

Grades: KG-4

C

Lindbergh Elementary School

Distance: 1.2 miles

Type Public

Grades: KG-4

B-

Kenmore West High School

Distance: 1.3 miles

Type Public

Grades: 8-12

C+

St Joseph's Collegiate Institute

Distance: 1.6 miles

Type Private

Grades: 9-12

Windermere Blvd School

Distance: 1.6 miles

Type Public

Grades: PK-5

B-

Cardinal O'hara High School

Distance: 1.7 miles

Type Private

Grades: 9-12

Mount St. Mary Academy

Distance: 1.8 miles

Type Private

Grades: 9-12

St Andrews Country Day School

Distance: 1.8 miles

Type Private

Grades: PK-8

Sweet Home Middle School

Distance: 1.8 miles

Type Public

Grades: 6-8

C+

North Park Community School #50

Distance: 2 miles

Type Public

Grades: PK-2

C+

Mullen Elementary School

Distance: 2.1 miles

Type Public

Grades: KG-5

Glendale Elementary School

Distance: 2.1 miles

Type Public

Grades: KG-5

C

New Life Christian School

Distance: 2.1 miles

Type Private

Grades: KG-12

St Joseph University School

Distance: 2.2 miles

Type Private

Grades: KG-8

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Tonawanda-Town, NY 14150

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Tonawanda-Town, NY 14150

This community’s employment is highest in the administrative support and production occupations industries. The area’s overall household expenses are above the national average.

80° July
Hottest Average Month
18° January
Coldest Average Month
19,107 Total Households in Area
-0.9% Increase in population since the year 2010
23%
of households
have children
20 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Tonawanda-Town, NY 14150

Tonawanda-Town, NY 14150 has a population of 41,037 people in 19,107 households with a median age of 44.5 years old.

-0.9%
Decrease in population
since the year 2010
Population is Trending down
19,017
Total households as of 2010
3%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 44.5 years old. The smallest percentage group is 55-64 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 87%
Hispanic 5%
Black 4%
Asian 2%
Other 1%
Native American <1%
The most prevalent ethnicity is White at 87%, followed by Hispanic at 5%, Black at 4%, and Asian at 2%.

Economics
for Tonawanda-Town, NY 14150

2,502 /sq mi
Population Density
$67,773 /yr
Median Household Income
$230,000
Median Sales Price
20 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $50-74,999k representing 21.7% of the households.

Transportation to Work

  • Drive 85%
  • Work from Home 11%
  • Walk or Bike 2%
  • Public Transit 2%

Occupancy by Type

Owned 14,014 70%
Rented 5,093 25%
Vacant 943 5%

White vs Blue Collar Jobs







White Collar 77%
Blue Collar 23%

Family & Education Facts
for Tonawanda-Town, NY 14150

44.5 Median Age

Average Household Size

2.1
persons per
household

42.7%

Married Households

Community Population By Education

High School Graduate 27%
Bachelors Degree 20%
Some College 20%
Associates Degree 14%
Graduate Degree 12%
Some High School 7%
Of the total people surveyed, the most prevalent educational attainment level is High School Graduate, representing 27.36% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
23% of households have children

Weather
for Tonawanda-Town, NY 14150

The weather for this area ranges from a high of 80° F in July to a low of 18° F in January

80° July
Hottest Average Month
18° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
18°
31°
Feb
18°
32°
Mar
25°
41°
Apr
35°
54°
May
46°
66°
Jun
56°
75°
Jul
62°
80°
Aug
60°
79°
Sep
53°
71°
Oct
43°
60°
Nov
34°
47°
Dec
23°
36°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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Copyright © 2025 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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