Two-Unit Duplex with
For Sale
$150,000
1726 Elmwood Avenue, Niagara Falls, NY 14301
Residential, Niagara Falls, NY
Property Size1,536 SF
Lot Size0.10 Acres
Price / SF$97.66
Days on Market206
Property Features for 1726 Elmwood Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 4, Basement, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 3
Patio and Porch features
Porch
Exterior features
FullyFenced
Fencing
Fenced
Appliances
GasWaterHeater
Lot features
Rectangular, Rectangular Lot, Residential Lot
Elementary school district
Niagara Falls
Middle school district
Niagara Falls
High school district
Niagara Falls
Subdivision
Niagara Falls-City-291100
Standard status
Active
APN
291100-144-072-0003-038-000
Size
1,536 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
1761
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1925
Floors in Building
2
Number of units
2
Flooring type
Laminate, Varies, Vinyl
Building materials
WoodSiding
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Deal Realty, Inc.
(716) 754-3301
Listed By:
Regina Cecconi · License #10401313504
(716) 523-4567
Added: Feb 17
Changed: Sep 2
Last Checked: Sep 11 at 3:06AM
MLS# B1662697
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.
Investment Insights
Based on property information with market context.
This 1,536-square-foot duplex, built in 1925, includes two residential units with a matching configuration of two bedrooms and one full bathroom per unit. Separate utilities provide distinct service arrangements, while forced-air natural gas heating, central air, public water, and a gas water heater support the property’s core infrastructure. The exterior includes wood siding, an asphalt roof, a porch, and full fencing, with flooring that varies among laminate and vinyl.
A private driveway creates off-street parking for residents and guests. The property is located within the Niagara Falls approved short-term rental area and sits minutes from the Rainbow Bridge, Niagara Falls State Park, restaurants, shopping, and other amenities. The layout and documented short-term rental eligibility accommodate rental use or an owner-occupied configuration.
A private driveway creates off-street parking for residents and guests. The property is located within the Niagara Falls approved short-term rental area and sits minutes from the Rainbow Bridge, Niagara Falls State Park, restaurants, shopping, and other amenities. The layout and documented short-term rental eligibility accommodate rental use or an owner-occupied configuration.
Key Highlights
- Two units, each with 2 bedrooms and 1 full bathroom
- 1,536 square feet on a 0.0992‑acre lot
- Located within the Niagara Falls approved short‑term rental area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,490
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$269,800
$269.8K
Cap Rate 7%
$192,714
$192.7K
Cap Rate 9%
$149,889
$149.9K
Market Conditions
NOI Build-Up for 1,536 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$20.6K $13.44/SF
− Vacancy
−$1.4K −$0.89/SF
EGI
$19.3K $12.55/SF
− OpEx
−$5.8K −$3.76/SF
NOI
$13.5K $8.78/SF
Area
Niagara County, NY
Vacancy
6.65%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$269,800
Cap Rate 7%
$192,714
Cap Rate 9%
$149,889
Alternative Uses
Best Use
Multifamily LT 5
$192.7K
$168.6K – $224.8K
NOI $13,490 @ 7.0% cap · market cap 8.99%
Second Best
Apartment 5plus
$171.1K
$149.7K – $199.6K
NOI $11,974 @ 7.0% cap · market cap 7.98%
Theoretical Best
Warehouse
$1.31M
$1.14M – $1.52M
NOI $91,359 @ 7.0% cap · market cap 60.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,013
Businesses Nearby
Explore this area
Business Placement
Demographics for 14301, NY
12,618
Population
7,285
Households
1.7
Avg Household Size
38
Median Age
18%
College-Educated
85%
High-School Grad
2.1 sq mi
ZIP Area
6,009
Density / Sq Mi
$37,650
Median Household Income
$32,909
Median Earnings
$722
Median Rent
$79,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Separate utilities, a private driveway, and short-term rental eligibility support owner occupancy or rental use.
Where is this duplex located?
The property is located at 1726 Elmwood Avenue Niagara Falls, NY.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 full bathroom; 1,536 square feet on a 0.0992‑acre lot; Located within the Niagara Falls approved short‑term rental area
