Niagara Falls Multi-Family
1726 Elmwood Avenue Niagara Falls, NY 14301
1726 Elmwood Avenue, Niagara Falls, NY, 14301
$160,000
For Sale
$160,000
MULTI_FAMILY - Other - Niagara Falls, NY
Property Size1,536 SF
Lot Size0.10 Acres
Price / SF$104.17
Days on Market156
Property Features for 1726 Elmwood Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 4, Basement
- Patio and Porch features
- Porch
- Exterior features
- FullyFenced
- Fencing
- Fenced
- Appliances
- GasWaterHeater
- 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
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1925
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Laminate, Varies
- 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 Updated: Jul 7 at 7:30AM Checked: Jul 23 at 6:06AM
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 multi-family property is located in Niagara Falls, New York, within the approved short-term rental area. The property is situated minutes from the Rainbow Bridge, Niagara Falls State Park, local restaurants, shopping, and other amenities. The building contains two units, each featuring 2 bedrooms and 1 full bath. Separate utilities are in place. A private driveway provides off-street parking for owners, tenants, and guests. The lot size is 0.0992 acres, and the property size is 1536 square feet. This property is suitable for rental investment, short-term rental, or owner occupancy.
Key Highlights
- Two‑unit multifamily property with two 2‑bedroom, 1 full‑bath units
- Separate utilities for each unit
- Central air and natural gas forced‑air heating
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.6k | $13.44 |
| − Vacancy | −$1.4k | −$0.89 |
| EGI | $19.3k | $12.55 |
| − OpEx | −$5.8k | −$3.76 |
| NOI | $13.5k | $8.78 |
1,536 SF · lease $13.44/SF/yr · vacancy 6.65% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$192.7K
$168.6K – $224.8K
NOI $13,490 @ 7.0% cap · market cap 8.43%
Second Best
Apartment 5plus
$171.1K
$149.7K – $199.6K
NOI $11,974 @ 7.0% cap · market cap 7.48%
Theoretical Best
Warehouse
$1.31M
$1.14M – $1.52M
NOI $91,359 @ 7.0% cap · market cap 57.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Multi-family property near Niagara Falls, suitable for short-term rentals.
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 $160,000.
What are key features of this property?
This property features: Two‑unit multifamily property with two 2‑bedroom, 1 full‑bath units; Separate utilities for each unit; Central air and natural gas forced‑air heating
