Vacant Duplex With
For Sale
Contact for pricing
1845 Pierce Ave, Niagara Falls, NY 14301
Residential, Niagara Falls, NY
Property Size1,581 SF
Price / SF$18.97
Days on Market105
Property Features for 1845 Pierce Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 1, Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 1
Parking features
Driveway
Appliances
GasWaterHeater
Lot features
Rectangular, Rectangular Lot, Residential Lot
Elementary school district
Niagara Falls
Middle school district
Niagara Falls
High school district
Niagara Falls
Subdivision
Niagara Falls-City-291100
Standard status
Active
APN
291100-144-065-0004-016-000
Size
1,581 SF
Taxes and HOA fees
Tax Annual Amount
1968
Utilities
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Varies, Hardwood
Building materials
Brick, Frame
Roof type
Asphalt
Architectural style
Other
Listing Agency:
WNY Metro Roberts Realty
(716) 875-2211
Listed By:
Kamran Mazhar · License #10401320312
(917) 327-9655
Added: Jul 16
Changed: Oct 28
Last Checked: Oct 28 at 8:06AM
MLS# B1696614
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This vacant duplex contains 1,581 square feet with three bedrooms, two bathrooms, and a basement. The property combines brick and frame construction, an asphalt roof, natural-gas heating, and a gas water heater. Flooring includes hardwood and varied finishes, while a driveway provides on-site parking.
Utilities are currently shut off and require inspection before service can be restored. Public water is available. Built in 1900, the property is suited to a renovation project requiring evaluation of its systems and existing improvements.
Utilities are currently shut off and require inspection before service can be restored. Public water is available. Built in 1900, the property is suited to a renovation project requiring evaluation of its systems and existing improvements.
Key Highlights
- 1,581‑square‑foot duplex with three bedrooms and two bathrooms
- Basement included in the existing layout
- Utilities are off and require inspection before restoration
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
Multifamily LT 5
$198.4K
$173.6K – $231.4K
NOI $13,885 @ 7.0% cap · market cap 46.28%
Second Best
Apartment 5plus
$176.1K
$154.1K – $205.4K
NOI $12,324 @ 7.0% cap · market cap 41.08%
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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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Vacant two-unit property with a basement, driveway parking, and public water service.
Where is this duplex located?
The property is located at 1845 Pierce Ave Niagara Falls, NY.
What are key features of this property?
This property features: 1,581‑square‑foot duplex with three bedrooms and two bathrooms; Basement included in the existing layout; Utilities are off and require inspection before restoration
