2658 Main Street Niagara Falls, NY 14305
Five one-bedroom units with separately metered utilities, offering a straightforward rental setup near Niagara University.
Property Features for 2658 Main Street
General Information
- Standard status
- Active
- Size
- 4,103 SF
- Property subtype
- Multi Family / Other
Building Details
- Year Built
- 1920
Listing office Red Door Real Estate WNY LLC (716) 299-7171
Listing date Apr 21, 2026
Source Compass
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 Red Door Real Estate WNY LLC
Investment Insights
Based on property information with market context.
The property is located close to Niagara University as well as shopping, restaurants, and other amenities. It is also described as being just one block from the Amtrak train station.
For buyers seeking a compact multifamily asset, the building’s five one-bedroom layout and separately metered utilities can simplify day-to-day operations. Its mix of units on multiple floors may appeal to tenants looking for traditional apartment living, including both students and long-term renters, depending on leasing strategy.
Key Highlights
- 5‑unit apartment building with five 1‑bedroom units across three floors
- All utilities are separately metered for each unit
- Building is close to Niagara University and one block from the Amtrak train station
Local Financial Insights For Apartment 5plus
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 | $62.5k | $15.24 |
| − Vacancy | −$4.4k | −$1.07 |
| EGI | $58.2k | $14.17 |
| − OpEx | −$26.2k | −$6.38 |
| NOI | $32.0k | $7.80 |
