Two-Unit Brick
New
For Sale
$179,000
2910 Grand Avenue, Niagara Falls, NY 14301
Separate electric meters, central air, and gas forced-air heat serve both apartments.
Property Size1,800 SF
Price / SF$99.44
Days on Market5
Property Features for 2910 Grand Avenue
General Information
Standard status
Active
Size
1,800 SF
Total Parking Spaces
2
Property subtype
Multi Family
Property Condition
Severity
Repairs Needed
Evidence
minor updates
Financials
Asking Price
$179,000
Gross Income
$26,400
Gross Rent Multiplier
6.8
Average Monthly Rent
$1,100
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,498
Amenities
private rear porch
fully fenced yard
Building Details
Building Size
1,800 SF
Year Built
1941
Buildings
1
Construction
brick
Listing Agency:
Towne Housing Real Estate
Listed By:
Amirun Kaber · License #10401376276
(716) 463-1485
Source:
Highfallssir
Added: Oct 14
Changed: Oct 17
Last Checked: Oct 16 at 2:36PM
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 Towne Housing Real Estate
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Investment Insights
Based on property information with market context.
This 1,800-square-foot brick duplex contains two apartments arranged on upper and lower levels. Each unit has two bedrooms, one bathroom, an eat-in kitchen, a living room, and a private rear porch. Some hardwood flooring is beneath carpeting. The building has separate electric meters, central air, and gas forced-air heat; tenants are in place.
The 1941 property also includes a fully fenced yard and a detached two-car garage. It is located in Niagara Falls near parks, shopping, Hyde Park Boulevard, and I-190.
The 1941 property also includes a fully fenced yard and a detached two-car garage. It is located in Niagara Falls near parks, shopping, Hyde Park Boulevard, and I-190.
Key Highlights
- Two apartments in an upper/lower configuration; each has 2 bedrooms and 1 bathroom
- 1,800‑square‑foot brick building constructed in 1941
- Eat‑in kitchen, living room, and private rear porch in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,808
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$316,160
$316.2K
Cap Rate 7%
$225,829
$225.8K
Cap Rate 9%
$175,644
$175.6K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$24.2K $13.44/SF
− Vacancy
−$1.6K −$0.89/SF
EGI
$22.6K $12.55/SF
− OpEx
−$6.8K −$3.76/SF
NOI
$15.8K $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%
$316,160
Cap Rate 7%
$225,829
Cap Rate 9%
$175,644
Alternative Uses
Best Use
Multifamily LT 5
$225.8K
$197.6K – $263.5K
NOI $15,808 @ 7.0% cap · market cap 8.83%
Second Best
Apartment 5plus
$200.4K
$175.4K – $233.9K
NOI $14,031 @ 7.0% cap · market cap 7.84%
Theoretical Best
Warehouse
$1.53M
$1.34M – $1.78M
NOI $107,062 @ 7.0% cap · market cap 59.81%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
477
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate electric meters, central air, and gas forced-air heat serve both apartments.
Where is this duplex located?
The property is located at 2910 Grand Avenue Niagara Falls, NY.
What is the asking price?
The asking price for this property is $179,000.
What are key features of this property?
This property features: Two apartments in an upper/lower configuration; each has 2 bedrooms and 1 bathroom; 1,800‑square‑foot brick building constructed in 1941; Eat‑in kitchen, living room, and private rear porch in each unit
