Updated Two-Unit Residential
2621 WELCH AVE Niagara Falls, NY 14303
For Sale
$135,000
Well-maintained duplex with two separate units, including 2-bedroom lower and 1-bedroom upper with updated systems and garage.
Property Size1,386 SF
Price / SF$97.40
Days on Market132
Property Features for 2621 WELCH AVE
General Information
- Standard status
- Active
- Size
- 1,386 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1945
Listing Agency:
Howard Hanna WNY Inc.
(716) 228-0414
Listed By:
Nicole Leistner
(716) 228-0414
Source:
Xome
Added: Mar 17
Changed: Jul 22
Last Checked: Jul 26 at 3:54AM
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.
This well-maintained, fully updated two-unit duplex offers a practical live-in plus rental setup. The lower unit is configured as a 2-bedroom, 1-bath space, while the upper unit features 1 bedroom and 1 bathroom. The property includes a full walk-up attic and a full dry basement, along with a 2-car garage for parking. Recent updates include a hot water tank installed in 2021, updated copper plumbing, and updated electrical service with two separate meters.
The property is located at 2621 WELCH AVE in Niagara Falls, NY 14303. Current rental performance is described in the remarks, and the seller notes that rents may be increased.
The two separate units and metering support straightforward management as a residential income property, with parking and additional storage provided by the garage and attic.
The property is located at 2621 WELCH AVE in Niagara Falls, NY 14303. Current rental performance is described in the remarks, and the seller notes that rents may be increased.
The two separate units and metering support straightforward management as a residential income property, with parking and additional storage provided by the garage and attic.
Key Highlights
- Duplex in Niagara Falls with 2 separate units: 2‑bedroom/1‑bath lower and 1‑bedroom/1‑bath upper
- Currently generates $1,650/month in rents (per remarks), with potential to increase
- Updates include hot water tank (2021), updated copper plumbing, and updated electric with 2 separate meters
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 | $18.6k | $13.44 |
| − Vacancy | −$1.2k | −$0.89 |
| EGI | $17.4k | $12.55 |
| − OpEx | −$5.2k | −$3.76 |
| NOI | $12.2k | $8.78 |
1,386 SF · lease $13.44/SF/yr · vacancy 6.65% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$173.9K
$152.2K – $202.9K
NOI $12,172 @ 7.0% cap · market cap 9.02%
Second Best
Apartment 5plus
$154.3K
$135.1K – $180.1K
NOI $10,804 @ 7.0% cap · market cap 8.00%
Theoretical Best
Warehouse
$1.18M
$1.03M – $1.37M
NOI $82,438 @ 7.0% cap · market cap 61.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-maintained duplex with two separate units, including 2-bedroom lower and 1-bedroom upper with updated systems and garage.
Where is this duplex located?
The property is located at 2621 WELCH AVE Niagara Falls, NY.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: Duplex in Niagara Falls with 2 separate units: 2‑bedroom/1‑bath lower and 1‑bedroom/1‑bath upper; Currently generates $1,650/month in rents (per remarks), with potential to increase; Updates include hot water tank (2021), updated copper plumbing, and updated electric with 2 separate meters
