Brick 12-Unit Apartment
For Sale
$285,000
1028 South Ave, Niagara Falls, NY 14305
All-brick 12-unit multifamily building with 10 currently rented and 2 units needing cosmetic repairs.
Property Size8,148 SF
Days on Market115
Property Features for 1028 South Ave
General Information
Standard status
Active
Size
8,148 SF
Property subtype
Investment
Occupancy
83%
Additional Details
Multifamily Units
12
Taxes and HOA fees
Annual Taxes
$3,698
Building Details
Building Size
8,148 SF
Year Built
1926
Stories
2
Units
12
Tenancy
Multi
Listing Agency:
Hunt Commercial - Buffalo
Listed By:
Christina Pecoraro
(716) 531-6880
Source:
Elliman
Added: May 14
Changed: Aug 14
Last Checked: Sep 4 at 8:51AM
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 Hunt Commercial - Buffalo
Investment Insights
Based on property information with market context.
This all-brick 12-unit apartment building offers an established rental layout with 10 of the 12 units currently rented. The remaining 2 units require cosmetic repair before HUD will start paying rent again, with an indicated estimate of about $10,000 per unit. The property is described as having a set of mechanics in great condition and updated electrical.
The building is located on a quiet street in Niagara Falls. Reported monthly expenses include National Fuel ($700/month), National Grid ($1,000/month), and water ($1,000/month), along with insurance ($900/month). Annual taxes are noted at $3,700.
Additional context includes bikeScore 49 and walkScore 60, with transitScore 30.
The building is located on a quiet street in Niagara Falls. Reported monthly expenses include National Fuel ($700/month), National Grid ($1,000/month), and water ($1,000/month), along with insurance ($900/month). Annual taxes are noted at $3,700.
Additional context includes bikeScore 49 and walkScore 60, with transitScore 30.
Key Highlights
- All‑brick 12‑unit multifamily building built in 1926 on a quiet street in Niagara Falls
- 10 of the 12 units are currently rented at about $650/month; 2 units need cosmetic repairs
- Cosmetic repairs estimated at about $10k per unit before HUD will start paying rent again
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
83.3%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
531
Businesses Nearby
Explore this area
Business Placement
Demographics for 14305, NY
16,427
Population
8,348
Households
2
Avg Household Size
37
Median Age
25%
College-Educated
92%
High-School Grad
7.8 sq mi
ZIP Area
2,106
Density / Sq Mi
$49,588
Median Household Income
$30,314
Median Earnings
$798
Median Rent
$109,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - All-brick 12-unit multifamily building with 10 currently rented and 2 units needing cosmetic repairs.
Where is this apartment building located?
The property is located at 1028 South Ave Niagara Falls, NY.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: All‑brick 12‑unit multifamily building built in 1926 on a quiet street in Niagara Falls; 10 of the 12 units are currently rented at about $650/month; 2 units need cosmetic repairs; Cosmetic repairs estimated at about $10k per unit before HUD will start paying rent again
