Brick Two-Family
For Sale
$149,900
416 26TH ST, Niagara Falls, NY 14303
Two separate residences offer two bedrooms per unit, along with basement and attic storage.
Property Size1,428 SF
Price / SF$104.97
Days on Market141
Property Features for 416 26TH ST
General Information
Standard status
Active
Size
1,428 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,261
Amenities
Gas
Full
3
Ceramic Tile, Vinyl
Attic Storage
Other, Brick Wall
Fenced Yard.
Concrete Driveway.
Brick, Other
Rectangular
28X102
City Road, Rectangular.
Building Details
Year Built
1920
Buildings
1
Construction
brick
Listing Agency:
(716) 236-7644
Listed By:
Iconic Real Estate
Source:
Xome
Added: Apr 13
Changed: Aug 31
Last Checked: Aug 31 at 1:42PM
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 Iconic Real Estate
Investment Insights
Based on property information with market context.
This 1920 brick duplex contains 1,428 square feet arranged as two residential units, with each unit providing two bedrooms. Interior finishes include ceramic tile and vinyl, while gas service is also noted. A full basement and full attic add substantial storage areas and may support additional use subject to local regulations.
The property sits at 416 26TH ST in Niagara Falls, NY, on a rectangular 28X102 lot. Exterior features include a fully fenced backyard, concrete driveway, and brick construction. Its location places the home near local amenities, shopping, and major routes, as described in the property information.
The property sits at 416 26TH ST in Niagara Falls, NY, on a rectangular 28X102 lot. Exterior features include a fully fenced backyard, concrete driveway, and brick construction. Its location places the home near local amenities, shopping, and major routes, as described in the property information.
Key Highlights
- Two‑unit residential property with 1,428 square feet
- Each unit includes 2 bedrooms
- Full basement and full attic provide storage space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,541
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.37%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$250,820
$250.8K
Cap Rate 7%
$179,157
$179.2K
Cap Rate 9%
$139,344
$139.3K
Market Conditions
NOI Build-Up for 1,428 SF
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.
Gross rent
$19.2K $13.44/SF
− Vacancy
−$1.3K −$0.89/SF
EGI
$17.9K $12.55/SF
− OpEx
−$5.4K −$3.76/SF
NOI
$12.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$250,820
Cap Rate 7%
$179,157
Cap Rate 9%
$139,344
Alternative Uses
Best Use
Multifamily LT 5
$179.2K
$156.8K – $209.0K
NOI $12,541 @ 7.0% cap · market cap 8.37%
Second Best
Apartment 5plus
$159.0K
$139.2K – $185.5K
NOI $11,132 @ 7.0% cap · market cap 7.43%
Theoretical Best
Warehouse
$1.21M
$1.06M – $1.42M
NOI $84,936 @ 7.0% cap · market cap 56.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
669
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer two bedrooms per unit, along with basement and attic storage.
Where is this duplex located?
The property is located at 416 26TH ST Niagara Falls, NY.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Two‑unit residential property with 1,428 square feet; Each unit includes 2 bedrooms; Full basement and full attic provide storage space
