2-Unit Duplex with
For Sale
$220,000
2132 Tuscarora Road, Niagara Falls, NY 14304
Separate utilities serve the vacant apartments, with a two-car garage and turnaround driveway on site.
Property Size1,837 SF
Price / SF$119.76
Days on Market17
Property Features for 2132 Tuscarora Road
General Information
Standard status
Active
Size
1,837 SF
Total Parking Spaces
2
Property subtype
Multi Family Home
Property Condition
Severity
Repairs Needed
Evidence
needs updating
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$243,263
Amenities
Ceiling Fan(s)
Patio
Building Details
Building Size
1,837 SF
Year Built
1957
Buildings
1
Stories
2
Units
2
Listing Agency:
Howard Hanna WNY Inc.
(716) 754-8995
Listed By:
Andrea Brown
(716) 940-7028
Source:
Franzese-realestate
Added: Oct 12
Changed: Oct 26
Last Checked: Oct 26 at 8:26AM
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 Howard Hanna WNY Inc.
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Investment Insights
Based on property information with market context.
This vacant duplex has one apartment on each level. The lower unit contains two bedrooms and one full bath; the upper unit has one bedroom and one full bath. Separate utilities serve the apartments. Built in 1957, the property requires updating. A yard, two-car garage, and turnaround driveway are also part of the property.
Key Highlights
- Two‑unit up‑and‑down duplex, built in 1957
- Lower apartment has 2 bedrooms and 1 full bath; upper apartment has 1 bedroom and 1 full bath
- Separate utilities for the apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,133
Cap Rate
7.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$322,660
$322.7K
Cap Rate 7%
$230,471
$230.5K
Cap Rate 9%
$179,256
$179.3K
Market Conditions
NOI Build-Up for 1,837 SF
Gross rent
$24.7K $13.44/SF
− Vacancy
−$1.6K −$0.89/SF
EGI
$23.0K $12.55/SF
− OpEx
−$6.9K −$3.76/SF
NOI
$16.1K $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 Rate 5%
$322,660
Cap Rate 7%
$230,471
Cap Rate 9%
$179,256
Alternative Uses
Best Use
Multifamily LT 5
$230.5K
$201.7K – $268.9K
NOI $16,133 @ 7.0% cap · market cap 7.33%
Second Best
Apartment 5plus
$204.6K
$179.0K – $238.7K
NOI $14,320 @ 7.0% cap · market cap 6.51%
Theoretical Best
Warehouse
$1.56M
$1.37M – $1.82M
NOI $109,262 @ 7.0% cap · market cap 49.66%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
340
Businesses Nearby
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Business Placement
Demographics for 14304, NY
28,923
Population
13,705
Households
2.1
Avg Household Size
45
Median Age
25%
College-Educated
92%
High-School Grad
21.5 sq mi
ZIP Area
1,345
Density / Sq Mi
$64,756
Median Household Income
$42,613
Median Earnings
$901
Median Rent
$151,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate utilities serve the vacant apartments, with a two-car garage and turnaround driveway on site.
Where is this duplex located?
The property is located at 2132 Tuscarora Road Niagara Falls, NY.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Two‑unit up‑and‑down duplex, built in 1957; Lower apartment has 2 bedrooms and 1 full bath; upper apartment has 1 bedroom and 1 full bath; Separate utilities for the apartments
