Cash Flowing Niagara Falls
For Sale
$99,900
Pending
1655 South Ave, Niagara Falls, NY 14305
Fully rented duplex generating $21,600 gross annual income.
Property Size1,804 SF
Lot Size0.09 Acres
Days on Market118
Property Features for 1655 South Ave
General Information
Standard status
Pending
Size
1,804 SF
Lot size
0.09 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$1,102
Building Details
Building Size
1,804 SF
Year Built
1900
Stories
2
Units
2
Listing Agency:
(716) 345-5177
Listed By:
Christian O Velarde Marquez
(716) 345-5177
Source:
Elliman
Added: Apr 27
Changed: Aug 8
Last Checked: Aug 21 at 9:27AM
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 Christian O Velarde Marquez
Investment Insights
Based on property information with market context.
This is a fully rented duplex generating $21,600 gross annual income. The property features two units, each with 2 bedrooms and 1 bathroom. The units are currently under month-to-month leases. The duplex has separate utilities, with tenants responsible for gas and electric. Additional features include a newer roof, a full unfinished basement, a shared driveway with back parking, and two water heaters (one from 2021). There are also two furnaces, including one brand new unit, and two newer 100A electric panels, one for each unit. The property is situated on a 3,833 sqft lot and offers 1,804 sqft of living space. The property is located in Niagara Falls, NY, within the 14305 zip code. The bike score is 46, indicating it is somewhat bikeable. The walk score is 60, indicating it is somewhat walkable. The transit score is 27, indicating some transit options are available. This property presents an investment opportunity or potential for owner occupancy with cash flow.
Key Highlights
- Fully rented duplex generating $21,600 gross annual income.
- High CAP rate of 16%** (self‑managed).
- Priced under $100k, rare for duplexes in this market (14305).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
379
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
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Frequently Asked Questions
What type of property is this?
Duplex - Fully rented duplex generating $21,600 gross annual income.
Where is this duplex located?
The property is located at 1655 South Ave Niagara Falls, NY.
What is the asking price?
The asking price for this property is $99,900.
What are key features of this property?
This property features: Fully rented duplex generating $21,600 gross annual income.; High CAP rate of 16%** (self‑managed).; Priced under $100k, rare for duplexes in this market (14305).
