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    Spacious Multi-Unit in Niagara Falls Title is generated by Realmo AI

    2128 Jerauld Avenue, Niagara Falls, NY 14305

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    Claim this Listing
    For Sale
    $250,000

    MULTI_FAMILY - Other - Niagara Falls, NY

    Property size:
    2,440 SF
    Lot size:
    0.08 Acres
    Price / SF:
    $102/SF
    Added:
    Nov 26, 2025
    Days on Market:
    223
    Last Refresh:
    Jul 7 at 9:06 pm

    Property Features for 2128 Jerauld Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    4
    Rooms
    Bathroom 2, Bedroom 6, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 2, Bedroom 5, Bedroom 3, Basement, Bedroom 4, Bathroom 4
    Parking features
    Driveway
    Appliances
    GasWaterHeater
    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
    Natural Gas, Forced Air
    Water source
    Public

    Building Details

    Year built
    1920
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Varies, Carpet, Vinyl
    Building materials
    VinylSiding
    Architectural style
    Other

    We can help!

    Contact an agent
    Elizabeth Bauch

    Listing agent Elizabeth Bauch License #10401301307

    Listing office WNY Metro Roberts Realty 302 Buffalo Street, cheektowaga, NY

    Listing date Nov 26, 2025

    MLS# B1651182 Listing URL

    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.

    HighLights

    • 2,440 SF multi‑unit home with 2 apartments, each offering 3 bedrooms and 2 full baths
    • Major updates include 2 new hot water tanks, 2 new furnaces, and a new sewer main line
    • Separate entrances for both units and separate utilities for each apartment
    • Each unit has laundry hook‑ups inside the unit
    • Full basement for additional storage
    • Public water and driveway parking; backyard has space that can be used for off‑street parking

    Overview

    Located in Niagara Falls, this multi-unit property at 2128 Jerauld Ave offers 2,440 square feet of living space. It features two apartments, each containing three bedrooms and two full baths. The property includes new hot water tanks, new furnaces, and a new sewer main line. Each unit has separate utilities and its own laundry hook-ups. The apartments have separate entrances and bright living areas. A full basement provides storage space. The backyard can be used for off-street parking. The lot size is 0.0792 acres. With its layout and updated mechanicals, this property is suitable for investors or owner-occupants.

    Local 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 (±1% cap)
    NOI $21,429 @ 7.0% cap · market cap 8.57%
    Second Best
    Apartment 5plus
    $271.7K
    $237.8K – $317.0K (±1% cap)
    NOI $19,020 @ 7.0% cap · market cap 7.61%
    Theoretical Best
    Warehouse
    $2.07M
    $1.81M – $2.42M (±1% cap)
    NOI $145,128 @ 7.0% cap · market cap 58.05%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Dental Office Real Estate Agency Law Firm Spa & Massage Center Nail Salon Hair Salon Parking Lot & Garage Accounting Firm Kitchen & Bath Showroom Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Niagara Falls
    County
    Niagara
    State
    New York
    Longitude
    -79.036234
    Latitude
    43.110542

    FAQs

    What type of property is this?
    Duplex - Two 3-bedroom apartments with new mechanicals and income potential.
    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 SF multi‑unit home with 2 apartments, each offering 3 bedrooms and 2 full baths; Major updates include 2 new hot water tanks, 2 new furnaces, and a new sewer main line; Separate entrances for both units and separate utilities for each apartment
    More about this property
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