Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Niagara Falls Multifamily Investment Property Title is generated by Realmo AI

    2240 La Salle Ave, Niagara Falls, NY 14301

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $154,900

    All-brick multifamily property with spacious units and convenient location.

    Type:Multi Family
    Added:
    May 9, 2026
    Days on Market:
    18
    Last Refresh:
    May 9 at 12:06 am

    Property Features for 2240 La Salle Ave

    General Information

    Standard status
    Active
    Property subtype
    Multi Family

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Joseph Brown

    Listing agent Joseph Brown License #10401344902

    Listing office Keller Williams Realty Buffalo Northtowns

    Listing date May 9, 2026

    Source Elliman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Buffalo Northtowns

    HighLights

    • Multi‑family property featuring two spacious units, totaling 5 bedrooms and 2 full bathrooms, great for rental income or multi‑generational living.
    • Convenient location near Niagara Falls State Park, Hyde Park, Fashion Outlets, and Niagara Falls Boulevard amenities.
    • Enjoy a 2.5‑car garage and a fully fenced yard.
    • Relax on the lower and upper covered porches.
    • Easy access to Interstate 190 (approximately 2 miles away).
    • Located in the Niagara Falls school district.

    Overview

    This all-brick multi-family property features two spacious units, offering a total of 5 bedrooms and 2 full bathrooms. The first-floor unit includes 3 generously sized bedrooms, 1 full bathroom, a bright living room, formal dining area, and a well-sized kitchen. The second-floor unit offers 2 spacious bedrooms, 1 full bathroom, comfortable living and dining areas, and a kitchen that includes appliances. The property includes lower and upper covered porches, a full attic, a full basement, a fully fenced yard, and a 2.5-car garage. It is conveniently located near Niagara Falls State Park, Hyde Park, the Fashion Outlets of Niagara Falls, and a variety of amenities along Niagara Falls Boulevard. Interstate 190 is approximately 2 miles away. The property is located in the Niagara Falls school district. The bike score is 54, making it bikeable, the walk score is 66, making it somewhat walkable, and the transit score is 29, indicating some transit options.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Niagara Falls
    County
    Niagara
    State
    New York
    Longitude
    -79.0344339
    Latitude
    43.1000429

    Nearby Similar for Sale

    • $540,000
      1,196 SF

      Turnkey Restaurant Near Niagara Falls

      Fully equipped restaurant in high-traffic tourist area.
      610 Main Street, Niagara Falls, NY 14301
      View Details
    • $759,000
      13,991 SF

      Niagara Falls Mixed-Use Investment

      Fully leased mixed-use property in high-traffic tourist area.
      435 3rd Street, Niagara Falls, NY 14301
      View Details
    • $759,000
      13,991 SF

      Niagara Falls Mixed-Use Investment

      Mixed-use property near Niagara Falls with residential and commercial income.
      435 3rd Street, Niagara Falls, NY 14301
      View Details
    • $735,000
      5,600 SF

      Niagara Falls Commercial Investment Opportunity

      Fully leased commercial building with warehouse and office space.
      1410 Pine Avenue, Niagara Falls, NY 14301
      View Details
    • $284,900
      1,538 SF

      Niagara Falls Professional Office Space

      Highly visible professional office space with parking and accessibility features.
      2121 Sawyer Drive, Niagara Falls, NY 14304
      View Details
    • $799,000
      12,512 SF

      Niagara Falls Warehouse and Office

      12,500 SF warehouse with office space and vacant lots.
      1717 Mackenna Avenue, Niagara Falls, NY 14303
      View Details
    • $139,500
      1,337 SF

      Niagara Falls Office Condominium

      Office condominium in Niagara Falls, ideal for medical or professional use.
      151 Buffalo Avenue, Niagara Falls, NY 14303
      View Details
    • $324,900
      2,356 SF

      Niagara Falls Auto Body Shop

      Turn-key auto body repair shop with fenced parking.
      2514 Pine Avenue, Niagara Falls, NY 14301
      View Details
    • $149,900
      2,650 SF

      Spacious Multi-Family Niagara Falls Property

      Multi-family property with 5 bedrooms, 2 baths, and desirable amenities.
      2240 La Salle Avenue, Niagara Falls, NY 14301
      View Details
    • $145,900
      1,900 SF

      Well-Kept Two-Unit Property

      Two-unit property ideal for owner-occupants or investors.
      2240 Michigan Avenue, Niagara Falls, NY 14305
      View Details
    • $169,000
      1,560 SF

      Niagara Falls Income-Producing Duplex

      Income-producing duplex near Niagara Falls, suitable for various opportunities.
      2225 Falls Street, Niagara Falls, NY 14303
      View Details
    • $99,900
      2,080 SF

      Niagara Falls Multifamily Investment Opportunity

      Two-unit property with potential for short-term or long-term rentals.
      563 Tronolone Place, Niagara Falls, NY 14301
      View Details

    FAQs

    What type of property is this?
    Duplex - All-brick multifamily property with spacious units and convenient location.
    Where is this duplex located?
    The property is located at 2240 La Salle Ave Niagara Falls, NY.
    What is the asking price?
    The asking price for this property is $154,900.
    What are key features of this property?
    This property features: Multi‑family property featuring two spacious units, totaling 5 bedrooms and 2 full bathrooms, great for rental income or multi‑generational living.; Convenient location near Niagara Falls State Park, Hyde Park, Fashion Outlets, and Niagara Falls Boulevard amenities.; Enjoy a 2.5‑car garage and a fully fenced yard.
    (716) 550-6771
    We can help!
    Listing Contact
    Joseph Brown
    Real Estate License ID: 10401344902
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2240 La Salle Ave, Niagara Falls, NY 14301
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!