Two-Unit Duplex with Covered
2494 Grand Avenue, Niagara Falls, NY 14301
For Sale
$159,900
Each residence includes an eat-in kitchen, formal living and dining rooms, and access to basement laundry hookups.
Property Size1,632 SF
Days on Market59
Property Features for 2494 Grand Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
covered porches
partially fenced yard
basement storage
laundry hookups
Building Details
Building Size
Year Built
Listing Agency:
HUNT Real Estate ERA
Listed By:
Sashi Dhimal · License NY #10401378290
(716) 491-6792
Source:
Highfallssir
Added: Sep 17
Changed: Nov 6
Last Checked: Nov 12 at 4:47PM
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 HUNT Real Estate ERA
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Investment Insights
Based on property information with market context.
This 1,632-square-foot duplex, built in 1945, contains two residential units with a consistent layout. Each unit has 2 bedrooms, an eat-in kitchen, and separate living and dining rooms. Covered porches serve both units, while the basement provides storage space and laundry hookups.
The property at 2494 Grand Ave in Niagara Falls includes off-street parking for 2 cars and a partially fenced yard. Both units feature furnaces identified as 2025/2026, and the roof is approximately 8 years old. Shopping, dining, and entertainment are located nearby.
The property at 2494 Grand Ave in Niagara Falls includes off-street parking for 2 cars and a partially fenced yard. Both units feature furnaces identified as 2025/2026, and the roof is approximately 8 years old. Shopping, dining, and entertainment are located nearby.
Key Highlights
- Two residential units, each with 2 bedrooms
- 1,632 square feet; built in 1945
- Each unit includes an eat‑in kitchen plus formal living and dining rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,333
Cap Rate
8.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$286,660
$286.7K
Cap Rate 7%
$204,757
$204.8K
Cap Rate 9%
$159,256
$159.3K
Market Conditions
NOI Build-Up for 1,632 SF
Gross rent
$21.9K $13.44/SF
− Vacancy
−$1.5K −$0.89/SF
EGI
$20.5K $12.55/SF
− OpEx
−$6.1K −$3.76/SF
NOI
$14.3K $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%
$286,660
Cap Rate 7%
$204,757
Cap Rate 9%
$159,256
Alternative Uses
Best Use
Multifamily LT 5
$204.8K
$179.2K – $238.9K
NOI $14,333 @ 7.0% cap · market cap 8.96%
Second Best
Apartment 5plus
$181.7K
$159.0K – $212.0K
NOI $12,722 @ 7.0% cap · market cap 7.96%
Theoretical Best
Office A
$439.6K
$384.7K – $512.9K
NOI $30,774 @ 7.0% cap · market cap 19.25%
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
669
Businesses Nearby
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Business Placement
Demographics for 14301, NY
12,618
Population
7,285
Households
1.7
Avg Household Size
38
Median Age
18%
College-Educated
85%
High-School Grad
2.1 sq mi
ZIP Area
6,009
Density / Sq Mi
$37,650
Median Household Income
$32,909
Median Earnings
$722
Median Rent
$79,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Niagara Falls, NY
Properties on Market for Duplexes in Niagara Falls
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes an eat-in kitchen, formal living and dining rooms, and access to basement laundry hookups.
Where is this duplex located?
The property is located at 2494 Grand Avenue Niagara Falls, NY.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: Two residential units, each with 2 bedrooms; 1,632 square feet; built in 1945; Each unit includes an eat‑in kitchen plus formal living and dining rooms
