Two-Unit Residential Income
For Sale
$150,000
1726 Elmwood Ave, Niagara Falls, NY 14301
Two 2-bedroom, 1-bath units with separate utilities and private driveway off-street parking.
Property Size1,536 SF
Days on Market108
Property Features for 1726 Elmwood Ave
General Information
Standard status
Active
Size
1,536 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,761
Amenities
separate utilities
Building Details
Building Size
1,536 SF
Year Built
1925
Units
2
Tenancy
Multi
Listing Agency:
Deal Realty, Inc
(716) 523-4567
Listed By:
Regina Cecconi · License #10401313504
(716) 523-4567
Source:
Elliman
Added: Apr 27
Changed: Aug 10
Last Checked: Aug 11 at 11:01AM
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 Deal Realty, Inc
Investment Insights
Based on property information with market context.
This two-unit residential income property features two separate apartments, each with 2 bedrooms and 1 full bathroom. The units have separate utilities, supporting flexible use for rental investment, short-term rental, or owner occupancy. A private driveway provides off-street parking for owners, tenants, and guests.
The property is located within the Niagara Falls, NY approved short-term rental area, and is described as minutes from the Rainbow Bridge and Niagara Falls State Park, with access to local restaurants, shopping, and other amenities.
For showings and underwriting, interested parties should confirm any applicable short-term rental requirements and utility arrangements directly with the property owner or management.
The property is located within the Niagara Falls, NY approved short-term rental area, and is described as minutes from the Rainbow Bridge and Niagara Falls State Park, with access to local restaurants, shopping, and other amenities.
For showings and underwriting, interested parties should confirm any applicable short-term rental requirements and utility arrangements directly with the property owner or management.
Key Highlights
- Two‑unit multifamily property built in 1925
- Each unit features 2 bedrooms and 1 full bath
- Separate utilities for each unit
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
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two 2-bedroom, 1-bath units with separate utilities and private driveway off-street parking.
Where is this duplex located?
The property is located at 1726 Elmwood Ave 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‑unit multifamily property built in 1925; Each unit features 2 bedrooms and 1 full bath; Separate utilities for each unit
