Brick Multifamily
For Sale
$159,999
2217 Falls Street, Niagara Falls, NY 14303
Full-brick multifamily property with a basement, separate unit utilities, parking, and recent flooring and hot water updates.
Property Size1,360 SF
Days on Market73
Property Features for 2217 Falls Street
General Information
Standard status
Active
Size
1,360 SF
Property subtype
Multi Family
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$1,617
Building Details
Building Size
1,360 SF
Year Built
1920
Construction
full brick
Listing Agency:
WNY Metro Roberts Realty
Listed By:
Suhel Ahmed · License #10401361723
(716) 750-6319
Source:
Highfallssir
Added: Aug 17
Changed: Oct 25
Last Checked: Oct 28 at 2:17PM
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 WNY Metro Roberts Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1920, this full-brick multifamily property at 2217 Falls St in Niagara Falls includes a full basement, separate utilities serving the units, and on-site parking. Recent improvements include new flooring and a replacement hot water tank.
The property is configured for multiple tenants or extended-family living, with the flexibility to support an owner occupant. Walk Score is 66, BikeScore is 54, and TransitScore is 29.
The property is configured for multiple tenants or extended-family living, with the flexibility to support an owner occupant. Walk Score is 66, BikeScore is 54, and TransitScore is 29.
Key Highlights
- Full‑brick multifamily property built in 1920
- Full basement included
- Separate utilities for the units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,602
Cap Rate
6.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$212,040
$212.0K
Cap Rate 7%
$151,457
$151.5K
Cap Rate 9%
$117,800
$117.8K
Market Conditions
NOI Build-Up for 1,360 SF
Gross rent
$20.7K $15.24/SF
− Vacancy
−$1.5K −$1.07/SF
EGI
$19.3K $14.17/SF
− OpEx
−$8.7K −$6.38/SF
NOI
$10.6K $7.80/SF
Area
Niagara County, NY
Vacancy
7.00%
Lease Rate
$15.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$212,040
Cap Rate 7%
$151,457
Cap Rate 9%
$117,800
Alternative Uses
Best Use
Apartment 5plus
$151.5K
$132.5K – $176.7K
NOI $10,602 @ 7.0% cap · market cap 6.63%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.16M
$1.01M – $1.35M
NOI $80,891 @ 7.0% cap · market cap 50.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
305
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Full-brick multifamily property with a basement, separate unit utilities, parking, and recent flooring and hot water updates.
Where is this multifamily property located?
The property is located at 2217 Falls Street Niagara Falls, NY.
What is the asking price?
The asking price for this property is $159,999.
What are key features of this property?
This property features: Full‑brick multifamily property built in 1920; Full basement included; Separate utilities for the units
