Spacious Multi-Unit in Niagara
2128 Jerauld Avenue Niagara Falls, NY 14305
2128 Jerauld Avenue, Niagara Falls, NY, 14305
$250,000
For Sale
$250,000
MULTI_FAMILY - Other - Niagara Falls, NY
Property Size2,440 SF
Lot Size0.08 Acres
Price / SF$102.46
Days on Market234
Property Features for 2128 Jerauld Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bedroom 6, Bedroom 4, Bathroom 3, Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 5, Basement
- 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
- Vinyl, Carpet, Varies
- Building materials
- VinylSiding
- Architectural style
- Other
Listing Agency
WNY Metro Roberts Realty
(716) 646-6400
302 Buffalo Street, cheektowaga, NY
Listed by
Elizabeth Bauch · License #10401301307
(716) 712-6790
Added: Nov 26, 2025 Checked: Jul 18 at 10:06 am
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.
Investment Insights
Based on property information with market context.
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.
Key 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
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
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
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
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
