Brick Duplex with Vacant
For Sale
$229,900
443 5th Street, Niagara Falls, NY 14301
Two three-bedroom residences offer flexible occupancy and rental use in an approved Airbnb zone.
Property Size2,700 SF
Lot Size0.10 Acres
Price / SF$85.15
Days on Market24
Property Features for 443 5th Street
General Information
Standard status
Active
Size
2,700 SF
Lot size
0.10 Acres
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
$1,519
Building Details
Building Size
2,700 SF
Year Built
1921
Construction
brick
Listing Agency:
Hooper Realty
Listed By:
Michael J Hooper · License #37HO0444450
(716) 285-0477
Source:
Highfallssir
Added: Sep 17
Changed: Oct 8
Last Checked: Oct 10 at 12:25AM
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 Hooper Realty
Investment Insights
Based on property information with market context.
Built in 1921, this brick duplex contains two three-bedroom, one-bath residences, each arranged with a living room, dining room, and kitchen. The building provides approximately 2,700 square feet on a 4,356-square-foot lot. One residence is occupied, while the other is vacant and available for a new occupant or rental use.
The property is in the Downtown Niagara Falls area, near the Rainbow Bridge, Niagara Falls State Park, Aquarium of Niagara, casino district, restaurants, entertainment venues, and public transportation. It is also close to the Canadian border and walking and hiking trails along Whirlpool Street. The property is located within an approved Airbnb zone.
The property is in the Downtown Niagara Falls area, near the Rainbow Bridge, Niagara Falls State Park, Aquarium of Niagara, casino district, restaurants, entertainment venues, and public transportation. It is also close to the Canadian border and walking and hiking trails along Whirlpool Street. The property is located within an approved Airbnb zone.
Key Highlights
- Two‑unit duplex with 3‑bedroom, 1‑bath residences
- Approximately 2,700 square feet on a 4,356‑square‑foot lot
- Brick construction dating to 1921
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.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,325
Businesses Nearby
Explore this area
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences offer flexible occupancy and rental use in an approved Airbnb zone.
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 duplex with 3‑bedroom, 1‑bath residences; Approximately 2,700 square feet on a 4,356‑square‑foot lot; Brick construction dating to 1921
