Turnkey Duplex With Detached
612 23rd St Niagara Falls, NY 14301
For Sale
$169,900
Two-unit duplex features eat-in kitchens, updated baths, and a detached two-car garage with additional off-street parking.
Property Size1,460 SF
Price / SF$116.37
Days on Market16
Property Features for 612 23rd St
General Information
- Standard status
- Active
- Size
- 1,460 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1948
Listing Agency:
(716) 807-6401
Listed By:
Sean Mattrey
(716) 807-6401
Source:
Elliman
Added: Jul 10
Changed: Jul 22
Last Checked: Jul 25 at 8:42AM
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 Sean Mattrey
Investment Insights
Based on property information with market context.
This well-maintained, turnkey duplex offers two separate units with bright living rooms and eat-in kitchens. The lower unit includes hardwood floors, original woodwork, tile countertops, abundant cabinetry and countertop space, and a dishwasher. The upper apartment features a spacious eat-in kitchen with quartz countertops, newer appliances, a dishwasher, and an updated full bath, along with a 2024 mini-split system. New carpeting was installed in 2026, and both units include in-unit appliances such as dishwashers, with a washer and dryer noted as installed in 2021.
The property includes a detached 2-car garage with remote overhead door openers and additional off-street parking. Outdoor features include a newly installed backyard patio.
Documented improvements include a roof from 2019, furnace from 2022, electrical service from 2022, and hot water tank from 2025, along with updated lighting, replacement windows and exterior doors from 2021, quartz countertops in 2023, interior paint in 2025, and a sewer service line replacement in 2006. The basement includes glass block basement windows installed in 2022.
The property includes a detached 2-car garage with remote overhead door openers and additional off-street parking. Outdoor features include a newly installed backyard patio.
Documented improvements include a roof from 2019, furnace from 2022, electrical service from 2022, and hot water tank from 2025, along with updated lighting, replacement windows and exterior doors from 2021, quartz countertops in 2023, interior paint in 2025, and a sewer service line replacement in 2006. The basement includes glass block basement windows installed in 2022.
Key Highlights
- 2‑unit duplex with 1,460 sqft of living space, built in 1948
- Detached 2‑car garage with remote overhead door openers plus additional off‑street parking
- Lower unit features a spacious living room with hardwood floors and original woodwork, eat‑in kitchen, and a clean, updated full bath
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.6k | $13.44 |
| − Vacancy | −$1.3k | −$0.89 |
| EGI | $18.3k | $12.55 |
| − OpEx | −$5.5k | −$3.76 |
| NOI | $12.8k | $8.78 |
1,460 SF · lease $13.44/SF/yr · vacancy 6.65% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$183.2K
$160.3K – $213.7K
NOI $12,822 @ 7.0% cap · market cap 7.55%
Second Best
Apartment 5plus
$162.6K
$142.3K – $189.7K
NOI $11,381 @ 7.0% cap · market cap 6.70%
Theoretical Best
Warehouse
$1.24M
$1.09M – $1.45M
NOI $86,839 @ 7.0% cap · market cap 51.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-unit duplex features eat-in kitchens, updated baths, and a detached two-car garage with additional off-street parking.
Where is this duplex located?
The property is located at 612 23rd St Niagara Falls, NY.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: 2‑unit duplex with 1,460 sqft of living space, built in 1948; Detached 2‑car garage with remote overhead door openers plus additional off‑street parking; Lower unit features a spacious living room with hardwood floors and original woodwork, eat‑in kitchen, and a clean, updated full bath
