Two-Unit Duplex with
New
For Sale
$239,000
317 Portage Rd, Niagara Falls, NY 14303
Two three-bedroom residences have separate utilities and laundry areas, with recent interior and systems updates.
Property Size2,326 SF
Days on Market3
Property Features for 317 Portage Rd
General Information
Standard status
Active
Size
2,326 SF
Total Parking Spaces
2
Property subtype
Multi Family
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,391
Amenities
separate laundry areas
Building Details
Building Size
2,326 SF
Year Built
1892
Buildings
1
Stories
2
Units
2
Listed By:
Rabia Ellahi
(347) 553-7406
Source:
Elliman
Added: Oct 26
Last Checked: Oct 26 at 2:38PM
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 Rabia Ellahi
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Investment Insights
Based on property information with market context.
This duplex contains two residences, each with three bedrooms and one full bathroom. Both units have been freshly painted and received new flooring, light fixtures, and hot water tanks. A new three-layer roof serves the property, and the basement has been upgraded with block windows and separate laundry areas. One unit also has a newly installed kitchen. A two-car garage provides additional on-site storage or parking capacity.
Built in 1892, the property is at 317 Portage Rd in Niagara Falls. The casino and Great Falls are a few minutes away, with other amenities nearby. Walk Score is 84, Bike Score is 75, and Transit Score is 46.
Built in 1892, the property is at 317 Portage Rd in Niagara Falls. The casino and Great Falls are a few minutes away, with other amenities nearby. Walk Score is 84, Bike Score is 75, and Transit Score is 46.
Key Highlights
- Two units, each with 3 bedrooms and 1 full bath
- Separate utilities and laundry areas for each residence
- Two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,428
Cap Rate
8.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$408,560
$408.6K
Cap Rate 7%
$291,829
$291.8K
Cap Rate 9%
$226,978
$227.0K
Market Conditions
NOI Build-Up for 2,326 SF
Gross rent
$31.3K $13.44/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$29.2K $12.55/SF
− OpEx
−$8.8K −$3.76/SF
NOI
$20.4K $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%
$408,560
Cap Rate 7%
$291,829
Cap Rate 9%
$226,978
Alternative Uses
Best Use
Multifamily LT 5
$291.8K
$255.4K – $340.5K
NOI $20,428 @ 7.0% cap · market cap 8.55%
Second Best
Apartment 5plus
$259.0K
$226.7K – $302.2K
NOI $18,132 @ 7.0% cap · market cap 7.59%
Theoretical Best
Warehouse
$1.98M
$1.73M – $2.31M
NOI $138,348 @ 7.0% cap · market cap 57.89%
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
1,018
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences have separate utilities and laundry areas, with recent interior and systems updates.
Where is this duplex located?
The property is located at 317 Portage Rd Niagara Falls, NY.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 1 full bath; Separate utilities and laundry areas for each residence; Two‑car garage
