Duplex with Separate
For Sale
$250,000
2128 Jerauld Avenue, Niagara Falls, NY 14305
Residential, Niagara Falls, NY
Property Size2,440 SF
Lot Size0.08 Acres
Price / SF$102.46
Days on Market269
Property Features for 2128 Jerauld Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Basement, Bedroom 4, Bedroom 3, Bathroom 1, Bathroom 3, Bathroom 4, Bedroom 6, Bedroom 5, Bedroom 1, Bedroom 2, Bathroom 2
Parking features
Driveway
Appliances
GasWaterHeater
Subdivision
Section 14441
Lot features
Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Elementary school district
Niagara Falls
Middle school district
Niagara Falls
High school district
Niagara Falls
Standard status
Active
APN
291100-144-041-0001-049-000
Size
2,440 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
3582
Utilities
Heating system
Forced Air, Natural Gas
Water source
Public
Amenities
laundry hookups
basement storage
off-street parking
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Flooring type
Carpet, Varies, Vinyl
Building materials
VinylSiding
Architectural style
Other
Listing Agency:
WNY Metro Roberts Realty
(716) 646-6400
Listed By:
Elizabeth Bauch · License #10401301307
(716) 712-6790
Added: Nov 26, 2025
Changed: Aug 19
Last Checked: Aug 22 at 4:06AM
MLS# B1651182
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.
Investment Insights
Based on property information with market context.
2128 Jerauld Avenue is a duplex in Niagara Falls offering 2,440 sq. ft. total with two apartments, each with three bedrooms and two full baths. The home was built in 1920 and includes a full basement for storage, plus laundry hook-ups inside each unit. Each apartment also has its own separate entrance.
The property includes major updates aimed at reducing near-term maintenance concerns, including 2 new hot water tanks, 2 new furnaces, a new sewer main line, and new electrical. Utilities are separate for both units, supporting flexible occupancy and tenant arrangements. The backyard can also be used for off-street parking.
With public water service, forced-air natural gas heating, and vinyl siding, this duplex is designed for comfortable everyday living while keeping core systems current.
The property includes major updates aimed at reducing near-term maintenance concerns, including 2 new hot water tanks, 2 new furnaces, a new sewer main line, and new electrical. Utilities are separate for both units, supporting flexible occupancy and tenant arrangements. The backyard can also be used for off-street parking.
With public water service, forced-air natural gas heating, and vinyl siding, this duplex is designed for comfortable everyday living while keeping core systems current.
Key Highlights
- 2,440 sq. ft. duplex on a 0.0792‑acre lot
- Two apartments, each with 3 bedrooms and 2 full baths
- Built in 1920 with a full basement for storage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,429
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$428,580
$428.6K
Cap Rate 7%
$306,129
$306.1K
Cap Rate 9%
$238,100
$238.1K
Market Conditions
NOI Build-Up for 2,440 SF
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.
Gross rent
$32.8K $13.44/SF
− Vacancy
−$2.2K −$0.89/SF
EGI
$30.6K $12.55/SF
− OpEx
−$9.2K −$3.76/SF
NOI
$21.4K $8.78/SF
Area
Niagara County, NY
Vacancy
6.65%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$428,580
Cap Rate 7%
$306,129
Cap Rate 9%
$238,100
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
276
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 - Duplex on a small lot with two apartments, separate utilities, and laundry hook-ups inside each unit.
Where is this duplex located?
The property is located at 2128 Jerauld Avenue 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. duplex on a 0.0792‑acre lot; Two apartments, each with 3 bedrooms and 2 full baths; Built in 1920 with a full basement for storage
