Niagara Falls Multifamily
2204 La Salle Avenue Niagara Falls, NY 14301
2204 La Salle Avenue, Niagara Falls, NY, 14301
$199,900
For Sale
$199,900
MULTI_FAMILY - Niagara Falls, NY
Property Size2,340 SF
Lot Size0.09 Acres
Price / SF$85.43
Days on Market67
Property Features for 2204 La Salle Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 6, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 2, Basement, Bedroom 5, Bathroom 1
- Parking features
- On Street
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 291100-144-073-0001-055-000
- Size
- 2,340 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2775
Utilities
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- CompositeSiding
Listing Agency
Hooper Realty
(716) 285-0477
742 Main Street, Niagara Falls, NY
Listed by
Frank A Pietrangeli · License #30PI0692526
(716) 531-3080
Added: May 13 Checked: Jul 18 at 6:06 pm
MLS# B1679952
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.
Investment Insights
Based on property information with market context.
This multifamily property in Niagara Falls, New York, presents a strong investment opportunity with potential for rental income and long-term appreciation. The property features a functional layout with spacious rooms and solid fundamentals. Located near shopping, public transportation, and major roadways, the property is well-positioned to attract tenants. The property is a desirable 3/3 double. The property is in good condition with a long-term upper tenant. The upper unit currently rents for $1200 per month. The property is close to Hyde Park, shopping, public transportation, and schools. The lot size is 0.0854 acres, and the property size is 2340 square feet. The property is located in Niagara County. With updates, investors can increase both rental income and overall property value. The yard enhances tenant appeal and marketability. This property is a smart addition to an investment portfolio in an active rental market.
Key Highlights
- Strong rental income potential with current upper tenant paying $1200/month.
- Located in the heart of Niagara Falls, close to Hyde Park, shopping, public transportation, and schools.
- Opportunity for increased rental income (potential range of $1100-$1400) through modest updates.
Local Financial Insights For Apartment 5plus
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 | $35.7k | $15.24 |
| − Vacancy | −$2.5k | −$1.07 |
| EGI | $33.2k | $14.17 |
| − OpEx | −$14.9k | −$6.38 |
| NOI | $18.2k | $7.80 |
2,340 SF · lease $15.24/SF/yr · vacancy 7.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$293.6K
$256.9K – $342.5K
NOI $20,551 @ 7.0% cap · market cap 10.28%
Second Best
Apartment 5plus
$260.6K
$228.0K – $304.0K
NOI $18,241 @ 7.0% cap · market cap 9.13%
Theoretical Best
Warehouse
$1.99M
$1.74M – $2.32M
NOI $139,180 @ 7.0% cap · market cap 69.62%
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 - Multifamily property with income potential near amenities.
Where is this duplex located?
The property is located at 2204 La Salle Avenue Niagara Falls, NY.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Strong rental income potential with current upper tenant paying $1200/month.; Located in the heart of Niagara Falls, close to Hyde Park, shopping, public transportation, and schools.; Opportunity for increased rental income (potential range of $1100-$1400) through modest updates.
