3-Unit Side-by-Side
New
For Sale
$345,000
22 B Street, Niagara Falls, NY 14303
Three separate residences have private entrances, independent building systems, and basement access.
Property Size3,080 SF
Days on Market6
Property Features for 22 B Street
General Information
Standard status
Active
Size
3,080 SF
Property subtype
Multi Family
Additional Details
Furnished
Yes
Utilities to Site
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$1,774
Amenities
backyard green space
back patio
off-street parking
Building Details
Building Size
3,080 SF
Year Built
1920
Listing Agency:
Howard Hanna WNY Inc.
Listed By:
Emily Cornwell · License #10301217260
(716) 909-1375
Source:
Highfallssir
Added: Oct 2
Changed: Oct 6
Last Checked: Oct 5 at 11:00PM
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.
Investment Insights
Based on property information with market context.
Built in 1920, this Niagara Falls triplex contains three side-by-side residences. Each has an eat-in kitchen, living room, second-floor bedrooms, a full bath, private entry, and basement access. Heating, electrical, and mechanical systems are dedicated to each residence. Appliances and furnishings are included.
Exterior improvements include a tear-off roof completed in 2019, new front and rear concrete sidewalks, a rear patio, and a concrete parking pad. The property also has backyard green space and outdoor storage. It is located just off Hyde Park Boulevard.
Exterior improvements include a tear-off roof completed in 2019, new front and rear concrete sidewalks, a rear patio, and a concrete parking pad. The property also has backyard green space and outdoor storage. It is located just off Hyde Park Boulevard.
Key Highlights
- Three side‑by‑side residences, each with a private entrance and basement access
- Separate heating, electrical, and mechanical systems for each unit
- Each residence has an eat‑in kitchen, living room, second‑floor bedrooms, and a full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,050
Cap Rate
7.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$541,000
$541.0K
Cap Rate 7%
$386,429
$386.4K
Cap Rate 9%
$300,556
$300.6K
Market Conditions
NOI Build-Up for 3,080 SF
Gross rent
$41.4K $13.44/SF
− Vacancy
−$2.8K −$0.89/SF
EGI
$38.6K $12.55/SF
− OpEx
−$11.6K −$3.76/SF
NOI
$27.0K $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%
$541,000
Cap Rate 7%
$386,429
Cap Rate 9%
$300,556
Alternative Uses
Best Use
Multifamily LT 5
$386.4K
$338.1K – $450.8K
NOI $27,050 @ 7.0% cap · market cap 7.84%
Second Best
Apartment 5plus
$343.0K
$300.1K – $400.2K
NOI $24,009 @ 7.0% cap · market cap 6.96%
Theoretical Best
Warehouse
$2.62M
$2.29M – $3.05M
NOI $183,195 @ 7.0% cap · market cap 53.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
135
Businesses Nearby
Explore this area
Business Placement
Demographics for 14303, NY
5,958
Population
3,505
Households
1.7
Avg Household Size
38
Median Age
16%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
2,207
Density / Sq Mi
$45,519
Median Household Income
$34,623
Median Earnings
$845
Median Rent
$78,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three separate residences have private entrances, independent building systems, and basement access.
Where is this triplex located?
The property is located at 22 B Street Niagara Falls, NY.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Three side‑by‑side residences, each with a private entrance and basement access; Separate heating, electrical, and mechanical systems for each unit; Each residence has an eat‑in kitchen, living room, second‑floor bedrooms, and a full bath
