Renovated Two-Unit
1930 Welch Avenue, Niagara Falls, NY 14303
For Sale
$145,000
Separate upper and lower apartments are currently occupied by tenants.
Property Size1,564 SF
Days on Market62
Property Features for 1930 Welch Avenue
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
eXp Realty
Listed By:
Moghees Mian · License NY #10401373079
(416) 823-9151
Source:
Highfallssir
Added: Sep 14
Changed: Nov 11
Last Checked: Nov 12 at 3:43PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This duplex, built in 1924, contains two separate apartments arranged on the upper and lower levels. Each unit offers two bedrooms and one full bathroom. Recent updates include flooring, windows, modern appliances, and a new HVAC system, providing refreshed finishes and building systems across the property.
Both apartments are occupied by tenants, and the property is located in an Airbnb-permitted zone. Any short-term rental use remains subject to applicable City requirements and licensing. The property is located at 1930 Welch Avenue in Niagara Falls, New York.
Both apartments are occupied by tenants, and the property is located in an Airbnb-permitted zone. Any short-term rental use remains subject to applicable City requirements and licensing. The property is located at 1930 Welch Avenue in Niagara Falls, New York.
Key Highlights
- Two‑unit duplex with separate upper and lower apartments
- Each apartment includes 2 bedrooms and 1 full bathroom
- Updates include new flooring, windows, modern appliances, and HVAC
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,192
Cap Rate
8.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,840
$243.8K
Cap Rate 7%
$174,171
$174.2K
Cap Rate 9%
$135,467
$135.5K
Market Conditions
NOI Build-Up for 1,564 SF
Gross rent
$23.8K $15.24/SF
− Vacancy
−$1.7K −$1.07/SF
EGI
$22.2K $14.17/SF
− OpEx
−$10.0K −$6.38/SF
NOI
$12.2K $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%
$243,840
Cap Rate 7%
$174,171
Cap Rate 9%
$135,467
Alternative Uses
Best Use
Multifamily LT 5
$196.2K
$171.7K – $228.9K
NOI $13,736 @ 7.0% cap · market cap 9.47%
Second Best
Apartment 5plus
$174.2K
$152.4K – $203.2K
NOI $12,192 @ 7.0% cap · market cap 8.41%
Theoretical Best
Office A
$421.3K
$368.7K – $491.5K
NOI $29,492 @ 7.0% cap · market cap 20.34%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
778
Businesses Nearby
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Business Placement
Demographics for 14303, NY
5,958
Population
3,505
Households
1.7
Avg Household Size
38
Median Age
16%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
2,207
Density / Sq Mi
$45,519
Median Household Income
$34,623
Median Earnings
$845
Median Rent
$78,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Niagara Falls, NY
Properties on Market for Duplexes in Niagara Falls
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate upper and lower apartments are currently occupied by tenants.
Where is this duplex located?
The property is located at 1930 Welch Avenue Niagara Falls, NY.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: Two‑unit duplex with separate upper and lower apartments; Each apartment includes 2 bedrooms and 1 full bathroom; Updates include new flooring, windows, modern appliances, and HVAC
