Multi-Unit Residential Income
2128 JERAULD AVE Niagara Falls, NY 14305
For Sale
$250,000
Two separate entrances serve 3-bedroom, 2-bath units with in-unit laundry hookups and a full basement.
Property Size2,440 SF
Price / SF$102.46
Days on Market476
Property Features for 2128 JERAULD AVE
General Information
- Standard status
- Active
- Size
- 2,440 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1920
Listing Agency:
WNY Metro Roberts Realty
(716) 712-6790
Listed By:
Elizabeth Bauch · License #10401301307
(716) 712-6790
Source:
Xome
Added: Apr 6, 2025
Changed: Jul 22
Last Checked: Jul 24 at 5:15AM
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
Investment Insights
Based on property information with market context.
This 2,440 sq. ft. multi-unit residential income property offers two generous apartments, each with three bedrooms and two full baths. The layout includes bright living areas, flexible floorplans, and a full basement that can be used for storage. Both units have their own laundry hookups inside the unit and separate utilities, along with separate entrances for convenient access.
Recent major updates include two new hot water tanks, two new furnaces, and a new sewer main line. Additional improvements noted are new electrical.
The property also includes a backyard that can be used for off-street parking, adding practical convenience for residents or tenants.
Recent major updates include two new hot water tanks, two new furnaces, and a new sewer main line. Additional improvements noted are new electrical.
The property also includes a backyard that can be used for off-street parking, adding practical convenience for residents or tenants.
Key Highlights
- 2,440 sq. ft. multi‑unit home with two separate entrances
- Each unit offers 3 bedrooms and 2 full baths
- In‑unit laundry hookups for each unit
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.8k | $13.44 |
| − Vacancy | −$2.2k | −$0.89 |
| EGI | $30.6k | $12.55 |
| − OpEx | −$9.2k | −$3.76 |
| NOI | $21.4k | $8.78 |
2,440 SF · lease $13.44/SF/yr · vacancy 6.65% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$306.1K
$267.9K – $357.2K
NOI $21,429 @ 7.0% cap · market cap 8.57%
Second Best
Apartment 5plus
$271.7K
$237.8K – $317.0K
NOI $19,020 @ 7.0% cap · market cap 7.61%
Theoretical Best
Warehouse
$2.07M
$1.81M – $2.42M
NOI $145,128 @ 7.0% cap · market cap 58.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two separate entrances serve 3-bedroom, 2-bath units with in-unit laundry hookups and a full basement.
Where is this duplex located?
The property is located at 2128 JERAULD AVE Niagara Falls, NY.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 2,440 sq. ft. multi‑unit home with two separate entrances; Each unit offers 3 bedrooms and 2 full baths; In‑unit laundry hookups for each unit
