Brick Triplex with Detached
For Sale
Contact for pricing
614 17th Street, Niagara Falls, NY 14301
Fire-damaged three-unit property requiring full rehabilitation and offered strictly as-is.
Property Size2,616 SF
Price / SF$5.70
Days on Market50
Property Features for 614 17th Street
General Information
Standard status
Active
Size
2,616 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Property Condition
Severity
Major Repairs Needed
Evidence
fire-damaged
Additional Details
Multifamily Units
3
Building Details
Year Built
1920
Buildings
1
Construction
brick
Listing Agency:
WNY Metro Roberts Realty
Listed By:
Emmanuel Williams · License #WILLIAME
(716) 430-2091
Source:
Cnynicheteam
Added: Sep 9
Changed: Oct 26
Last Checked: Oct 26 at 1:07PM
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 WNY Metro Roberts Realty
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Investment Insights
Based on property information with market context.
Located at 614 17th Street in Niagara Falls, this 1920 brick triplex contains three residential units, each with three bedrooms and one full bathroom. The property also includes a full basement and a detached two-car garage.
The building has sustained fire damage and requires a full rehabilitation. It is being offered strictly as-is, and buyers and agents must sign a Hold Harmless Agreement before entering the property.
The building has sustained fire damage and requires a full rehabilitation. It is being offered strictly as-is, and buyers and agents must sign a Hold Harmless Agreement before entering the property.
Key Highlights
- Three‑unit triplex with 3 bedrooms and 1 full bathroom per unit
- 1920 construction with brick exterior
- Fire‑damaged property requiring full rehabilitation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,392
Suggested Prices Based on Cap Rates
Cap Rate 5%
$407,840
$407.8K
Cap Rate 7%
$291,314
$291.3K
Cap Rate 9%
$226,578
$226.6K
Market Conditions
NOI Build-Up for 2,616 SF
Gross rent
$39.9K $15.24/SF
− Vacancy
−$2.8K −$1.07/SF
EGI
$37.1K $14.17/SF
− OpEx
−$16.7K −$6.38/SF
NOI
$20.4K $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%
$407,840
Cap Rate 7%
$291,314
Cap Rate 9%
$226,578
Alternative Uses
Best Use
Multifamily LT 5
$328.2K
$287.2K – $382.9K
NOI $22,975 @ 7.0% cap · market cap 154.19%
Second Best
Apartment 5plus
$291.3K
$254.9K – $339.9K
NOI $20,392 @ 7.0% cap · market cap 136.86%
Theoretical Best
Warehouse
$2.22M
$1.94M – $2.59M
NOI $155,596 @ 7.0% cap · market cap 1,044.27%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,102
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Fire-damaged three-unit property requiring full rehabilitation and offered strictly as-is.
Where is this triplex located?
The property is located at 614 17th Street Niagara Falls, NY.
What are key features of this property?
This property features: Three‑unit triplex with 3 bedrooms and 1 full bathroom per unit; 1920 construction with brick exterior; Fire‑damaged property requiring full rehabilitation
