Renovated Niagara Falls Multi-Family Home

1533 La Salle Avenue, Niagara Falls, NY 14301

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Pending

$149,900

MULTI_FAMILY - Other - Niagara Falls, NY

Property size:

1,496 SF

Lot size:

0.08 Acres

HighLights

Potential for 15%+ return on investment with $26,400 annual rental income.
Two recently renovated units, each with 2 bedrooms and 1 bath.
Separate utilities and laundry hookups for each unit.
Potential for use as a short‑term rental property.
Updated kitchens with new cabinetry and countertops.
Off‑street parking included for each unit.

We can help!

Listing Contact

Aaron J Stanley

Pending

$149,900

MULTI_FAMILY - Other - Niagara Falls, NY

Property size:

1,496 SF

Lot size:

0.08 Acres

Added:: Apr 3, 2026
Days on Market:: 80
Last Refresh:: Jun 21 at 5:06 pm

Property Features for 1533 La Salle Avenue

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 4
Bathrooms: 2
Rooms: Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 1, Basement, Bathroom 2, Bedroom 3
Exterior features: Balcony, Fence
Fencing: Fenced
Appliances: GasWaterHeater
Standard status: Pending
APN: 291100-144-072-0001-043-000
Size: 1,496 SF
Lot size: 0.08 Acres

Taxes and HOA fees

Tax Annual Amount: 1996

Utilities

Heating system: Natural Gas, Forced Air
Water source: Public

Building Details

Year built: 1925
Floors in Building: 2
Number of units: 2
Flooring type: Varies, Vinyl
Building materials: Stucco, CopperPlumbing
Roof type: Shingle, Asphalt
Architectural style: Other

We can help!

Listing Contact

Aaron J Stanley

Listing agent Aaron J Stanley License #10491201178

Listing office green home revolution LLC 63 Park Club Lane, Williamsville, NY

Listing date Apr 3, 2026

MLS# B1670859 Listing URL

Copyright © 2026 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.

HighLights

Potential for 15%+ return on investment with $26,400 annual rental income.
Two recently renovated units, each with 2 bedrooms and 1 bath.
Separate utilities and laundry hookups for each unit.
Potential for use as a short‑term rental property.
Updated kitchens with new cabinetry and countertops.
Off‑street parking included for each unit.

Overview

This multi-family home, located in the Niagara Falls City School District, offers an investment opportunity with its upper and lower style layout. The property features a total of 1,496 square feet, including 4 bedrooms and 2 baths. The common access basement includes separate laundry hookups, as well as separate utilities for gas and electricity. Both units have been recently renovated, each consisting of 2 bedrooms, 1 full bath, a formal living room, and an eat-in kitchen. The kitchens in both units have been updated with new cabinetry and countertops. The full baths for each unit have been restored with high-end materials. Vinyl floors throughout provide for easy maintenance. Each unit has a front porch. The property includes one off-street parking spot for each apartment in the rear of the home. Each unit could potentially rent for $1,100 a month, totaling $26,400 annually. The property is located in an area identified by the City of Niagara Falls for short-term rentals, presenting an alternative use. The property can also be owner-occupied, with rental income from one unit offsetting mortgage payments.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$20.1k	$13.44
− Vacancy	−$1.3k	−$0.89
EGI	$18.8k	$12.55
− OpEx	−$5.6k	−$3.76
NOI	$13.1k	$8.78

1,496 SF · lease $13.44/SF/yr · vacancy 6.65% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$187.7K

$164.2K – $219.0K (±1% cap)

NOI $13,138 @ 7.0% cap · market cap 8.76%

Second Best

Apartment 5plus

$166.6K

$145.8K – $194.4K (±1% cap)

NOI $11,662 @ 7.0% cap · market cap 7.78%

Theoretical Best

Warehouse

$1.27M

$1.11M – $1.48M (±1% cap)

NOI $88,980 @ 7.0% cap · market cap 59.36%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Niagara Falls
County: Niagara
State: New York
Longitude: -79.04285
Latitude: 43.099692

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For sale
Duplexes
NY
Niagara Falls
14301
1533 La Salle Avenue

What type of property is this?

Duplex - Multi-family home with renovated units, investment or owner-occupancy potential.

Where is this duplex located?

The property is located at 1533 La Salle Avenue Niagara Falls, NY.

What is the asking price?

The asking price for this property is $149,900.

What are key features of this property?

This property features: Potential for **15%+ return on investment** with $26,400 annual rental income.; Two recently renovated units, each with 2 bedrooms and 1 bath.; Separate utilities and laundry hookups for each unit.

1533 La Salle Avenue, Niagara Falls, NY 14301

MULTI_FAMILY - Other - Niagara Falls, NY

Property Features for 1533 La Salle Avenue

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Brick Warehouse & Office Building

Niagara Falls Mixed-Use Investment

Niagara Falls Mixed-Use Investment

Warehouse for Sale

Niagara Falls Professional Office Space

Clear-Span Warehouse with Office

Niagara Falls Office Condominium

Two-Unit Duplex with River Views

Spacious Multi-Family Niagara Falls Property

3/3 Duplex with Full Basement

Two-Building Multifamily Property

Duplex with Front Porch

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