Prime Mixed-Use Commercial Investment
Seize the opportunity to own a versatile and income-generating property in a high-demand location. This well-positioned mixed-use asset offers:
Established Commercial Tenant: The ground-floor retail space is currently occupied by a long-standing, reputable business—providing immediate, stable income and reducing leasing risk for investors.
Five Residential Units: Thoughtfully designed apartments with contemporary finishes. Several units are currently leased, with strong rental demand offering excellent potential to achieve full occupancy.
Value-Add Upside: With room to optimize residential rents and lease remaining units, this property presents a compelling opportunity for increased cash flow and long-term equity growth.
Strategic Location: Located in a vibrant, transit-accessible area surrounded by retail, dining, and residential development—ideal for both commercial and residential tenants.
Diversified Income Streams: Benefit from a balanced mix of commercial and residential revenue, offering financial stability and resilience.
Fully Tenanted Commercial Space: The commercial unit is leased to a reliable, long-term tenant, making this an ideal hands-off investment with no need for owner occupancy or business setup.
For sale
$524,999
512 Oliver St, North Tonawanda, NY 14120
5beds
0baths
10,503sqft
Multi Family
Built in 1935
-- sqft lot
$-- Zestimate®
$50/sqft
$-- HOA
What's special
- 26 days
- on Zillow |
- 524 |
- 14 |
Zillow last checked: 7 hours ago
Listing updated: July 02, 2025 at 08:54am
Listing by:
Towne Housing Real Estate 716-264-4135,
Paul Buttenhoff 646-377-1087
Source: NYSAMLSs,MLS#: B1617424
Originating MLS: Buffalo

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 0
Heating
- Gas, Baseboard, Forced Air, Hot Water
Appliances
- Included: Electric Oven, Electric Range, Gas Water Heater, Refrigerator
- Laundry: Coin-operated
Features
- Flooring: Carpet, Hardwood, Laminate, Varies, Vinyl
- Basement: Full,Walk-Out Access
- Has fireplace: No
Interior area
- Total structure area: 10,503
- Total interior livable area: 10,503 sqft
Property
Parking
- Parking features: One Space, Driveway, No Garage, Shared Driveway
Features
- Levels: Two
- Stories: 2
- Exterior features: Blacktop Driveway
Lot
- Size: 0.27 Acres
- Dimensions: 122 x 95
- Features: Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Details
- Parcel number: 2912001820610002036000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Vinyl Siding
- Roof: Asphalt,Shingle
Condition
- Resale
- Year built: 1935
Utilities & green energy
- Sewer: Connected
- Water: Connected, Public
- Utilities for property: Sewer Connected, Water Connected
Community & HOA
Community
- Features: Laundry Facilities
- Subdivision: Mile Reserve
Location
- Region: North Tonawanda
Financial & listing details
- Price per square foot: $50/sqft
- Tax assessed value: $260,000
- Annual tax amount: $13,152
- Date on market: 6/23/2025
- Listing terms: Cash,Conventional
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