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    563 Tronolone Place Niagara Falls, NY 14301

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    New
    For Sale
    $99,900

    MULTI_FAMILY - Other - Niagara Falls, NY

    Property size:
    2,080 SF
    Lot size:
    0.10 Acres
    Price / SF:
    $48/SF
    Added:
    May 7, 2026
    Days on Market:
    2
    Last Refresh:
    May 8 at 3:06 pm

    Property Features for 563 Tronolone Place

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bedroom 3, Bathroom 1, Basement, Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 2
    Appliances
    GasWaterHeater
    Standard status
    Active
    APN
    291100-159-024-0005-004-000
    Size
    2,080 SF
    Lot size
    0.10 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1968

    Utilities

    Heating system
    Forced Air, Natural Gas
    Water source
    Public

    Building Details

    Year built
    1906
    Floors in Building
    3
    Number of units
    2
    Flooring type
    Tile, Varies, Hardwood, Carpet
    Building materials
    CompositeSiding, CopperPlumbing
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Jaime Perez

    Listing agent Jaime Perez License #10401355351

    Listing office Keller Williams Realty WNY 5500 Main St. Ste. 108, Williamsville, NY

    Listing date May 7, 2026

    MLS# B1679773 Listing URL

    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.

    HighLights

    • Located within the Niagara Falls AirBnB zone, allowing for short‑term rentals.
    • Two units, each featuring 2 beds and 1 bath, with potential for a third unit.
    • Four off‑street parking spaces.
    • Potential to add 3 bedrooms on the 3rd floor to the upper unit.
    • Close proximity to Niagara University and public transit, suitable for student rentals.
    • Central location in Niagara Falls, making it easy to find long‑term tenants.

    Overview

    Niagara Falls Multifamily Investment Opportunity

    Located in Niagara Falls, this property at 563 Tronolone Pl features two units, each with two bedrooms and one bathroom. The property includes four off-street parking spaces. Situated within the AirBnB zone of Niagara Falls, it offers potential for short-term rentals, attracting weekend travelers visiting Niagara Falls (1.4 miles away), Seneca Niagara Casino (1.3 miles away), and the Rainbow Bridge border (2.4 miles away). Downtown Lewiston is also nearby, at a distance of 7 miles. Its proximity to Niagara University and nearby public transit makes it suitable for student rentals. The property's central location in Niagara Falls also facilitates finding long-term tenants. Additionally, there is a third floor that could potentially add 3 bedrooms to the upper unit. The property spans 2080 square feet on a lot of 0.097 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Niagara Falls
    County
    Niagara
    State
    New York
    Longitude
    -79.044982
    Latitude
    43.093047

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    FAQs

    What type of property is this?
    Duplex - Two-unit property with potential for short-term or long-term rentals.
    Where is this duplex located?
    The property is located at 563 Tronolone Place Niagara Falls, NY.
    What is the asking price?
    The asking price for this property is $99,900.
    What are key features of this property?
    This property features: Located within the Niagara Falls AirBnB zone, allowing for short‑term rentals.; Two units, each featuring 2 beds and 1 bath, with potential for a third unit.; Four off‑street parking spaces.
    (716) 341-7660
    We can help!
    Listing Contact
    Jaime Perez
    Real Estate License ID: 10401355351
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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