Vacant Multifamily
For Sale
Contact for pricing
1845 Pierce Ave, Niagara Falls, NY 14301
Utilities are currently off and require inspection before being turned on.
Property Size1,581 SF
Price / SF$18.97
Days on Market81
Property Features for 1845 Pierce Ave
General Information
Standard status
Active
Size
1,581 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
Fixer upper
Building Details
Year Built
1900
Listing Agency:
WNY Metro Roberts Realty
Listed By:
Kamran Mazhar · License #10401320312
(917) 327-9655
Source:
Skinnercnyrealty
Added: Aug 1
Changed: Oct 9
Last Checked: Oct 7 at 4:32PM
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 WNY Metro Roberts Realty
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Investment Insights
Based on property information with market context.
This vacant multifamily property was built in 1900 and is positioned as a renovation project for an investor or contractor. Utilities are currently off and must be inspected before service can be restored. The property is located at 1845 Pierce Ave in Niagara Falls, New York.
Key Highlights
- Vacant multifamily property
- Built in 1900
- Utilities are off and require inspection before being turned on
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,324
Suggested Prices Based on Cap Rates
Cap Rate 5%
$246,480
$246.5K
Cap Rate 7%
$176,057
$176.1K
Cap Rate 9%
$136,933
$136.9K
Market Conditions
NOI Build-Up for 1,581 SF
Gross rent
$24.1K $15.24/SF
− Vacancy
−$1.7K −$1.07/SF
EGI
$22.4K $14.17/SF
− OpEx
−$10.1K −$6.38/SF
NOI
$12.3K $7.80/SF
Area
Niagara County, NY
Vacancy
7.00%
Lease Rate
$15.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$246,480
Cap Rate 7%
$176,057
Cap Rate 9%
$136,933
Alternative Uses
Best Use
Apartment 5plus
$176.1K
$154.1K – $205.4K
NOI $12,324 @ 7.0% cap · market cap 41.08%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.34M
$1.18M – $1.57M
NOI $94,036 @ 7.0% cap · market cap 313.46%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
740
Businesses Nearby
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Utilities are currently off and require inspection before being turned on.
Where is this multifamily property located?
The property is located at 1845 Pierce Ave Niagara Falls, NY.
What are key features of this property?
This property features: Vacant multifamily property; Built in 1900; Utilities are off and require inspection before being turned on
