Brick Duplex with Two
For Sale
$229,900
443 5th Street, Niagara Falls, NY 14301
Residential, Niagara Falls, NY
Property Size2,700 SF
Lot Size0.10 Acres
Price / SF$85.15
Days on Market51
Property Features for 443 5th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bedroom 3, Bedroom 1, Bedroom 6, Bathroom 2, Bedroom 2, Bedroom 4, Basement, Bathroom 1
Parking features
On Street, Driveway
Patio and Porch features
Porch
Interior features
NaturalWoodwork
Appliances
GasWaterHeater
Subdivision
Mile Reserve
Lot features
Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Elementary school district
Niagara Falls
Middle school district
Niagara Falls
High school district
Niagara Falls
Standard status
Active
APN
291100-159-029-0003-047-000
Size
2,700 SF
Lot size
0.10 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
1519
Utilities
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1921
Floors in Building
2
Number of units
2
Flooring type
Tile, Vinyl, Varies, Hardwood
Building materials
Brick, CopperPlumbing
Roof type
Asphalt
Architectural style
Other
Buildings
1
Listing Agency:
Hooper Realty
Listed By:
Michael J Hooper · License #37HO0444450
(716) 285-0477
Added: Sep 17
Changed: Oct 25
Last Checked: Nov 6 at 1:06PM
MLS# B1715735
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1921, this approximately 2,700-square-foot brick duplex contains two three-bedroom, one-bath residences. Both layouts include a living room, dining room, and kitchen, with hardwood, tile, and vinyl flooring noted throughout the property. Natural woodwork, copper plumbing, forced-air heating, a gas water heater, and an asphalt roof add to the building’s physical profile. The upper residence is rented, while the lower residence is vacant. The property occupies a 0.1-acre lot with a driveway, on-street parking, and a porch.
Located at 443 5th Street in Niagara Falls, the property is within an approved Airbnb zone and near Rainbow Bridge, Niagara Falls State Park, Aquarium of Niagara, the casino district, restaurants, entertainment venues, public transportation, and Whirlpool Street trails. Public water service is available, with access to the Canadian border nearby.
Located at 443 5th Street in Niagara Falls, the property is within an approved Airbnb zone and near Rainbow Bridge, Niagara Falls State Park, Aquarium of Niagara, the casino district, restaurants, entertainment venues, public transportation, and Whirlpool Street trails. Public water service is available, with access to the Canadian border nearby.
Key Highlights
- Two‑unit brick duplex with approximately 2,700 sq ft of building space
- Two 3‑bedroom, 1‑bath units, each with living room, dining room, and kitchen
- Built in 1921 on a 4,356 sq ft lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,047
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$420,940
$420.9K
Cap Rate 7%
$300,671
$300.7K
Cap Rate 9%
$233,856
$233.9K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$41.1K $15.24/SF
− Vacancy
−$2.9K −$1.07/SF
EGI
$38.3K $14.17/SF
− OpEx
−$17.2K −$6.38/SF
NOI
$21.0K $7.80/SF
Area
Niagara County, NY
Vacancy
7.00%
Lease Rate
$15.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$420,940
Cap Rate 7%
$300,671
Cap Rate 9%
$233,856
Alternative Uses
Best Use
Multifamily LT 5
$338.7K
$296.4K – $395.2K
NOI $23,712 @ 7.0% cap · market cap 10.31%
Second Best
Apartment 5plus
$300.7K
$263.1K – $350.8K
NOI $21,047 @ 7.0% cap · market cap 9.15%
Theoretical Best
Warehouse
$2.29M
$2.01M – $2.68M
NOI $160,593 @ 7.0% cap · market cap 69.85%
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
1,325
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
$79,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Niagara Falls, NY
Properties on Market for Duplexes in Niagara Falls
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes three bedrooms, one bath, and dedicated living, dining, and kitchen areas.
Where is this duplex located?
The property is located at 443 5th Street Niagara Falls, NY.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Two‑unit brick duplex with approximately 2,700 sq ft of building space; Two 3‑bedroom, 1‑bath units, each with living room, dining room, and kitchen; Built in 1921 on a 4,356 sq ft lot
