Niagara Falls Multi-Unit
639 18th Street Niagara Falls, NY 14301
639 18th Street, Niagara Falls, NY, 14301
$199,900
For Sale
$199,900
MULTI_FAMILY - Other - Niagara Falls, NY
Property Size2,304 SF
Lot Size0.10 Acres
Price / SF$86.76
Days on Market50
Property Features for 639 18th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bathroom 1, Basement, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 4, Bedroom 6, Bedroom 2, Bedroom 5
- Patio and Porch features
- Porch, Patio
- Exterior features
- Balcony, Fence, Patio
- Fencing
- Fenced
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 291100-159-024-0002-042-000
- Size
- 2,304 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1263
Utilities
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Vinyl, Carpet, Varies, Laminate
- Building materials
- Brick
- Roof type
- Flat
- Architectural style
- Other
Listing Agency
Keller Williams Realty WNY
(716) 832-3300
5500 Main St. Ste. 108, Williamsville, NY
Listed by
Tyrone DiMatteo · License #10401286049
(716) 578-7625
Added: May 29 Checked: Jul 17 at 12:06 pm
MLS# B1685717
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.
Investment Insights
Based on property information with market context.
This all-brick 3-unit property is located in Niagara Falls, near Pine Avenue's shops and restaurants. The property offers over 2,300 square feet of living space and is suitable for investors or owner-occupants. The building contains a 1-bedroom unit, a 2-bedroom unit, and a 3-bedroom unit. Many rooms feature high ceilings and large windows. Several units have updated kitchens and baths, along with hardwood or laminate flooring. Recent improvements include a newer roof and some newer windows. The property has separate gas and electric service, individual heating systems, and separate hot water tanks. Additional features include off-street parking, a garage, covered porch space, and a full basement with laundry hookups. The property is located near schools, parks, public transportation, downtown Niagara Falls, and the Niagara Gorge. The lot size is 0.0985 acres. The property is located at 639 18th Street, Niagara Falls, NY 14301.
Key Highlights
- All‑brick 3‑unit property built in 1920 with flat roof
- Approx. 2,300+ sq ft living space with separate apartments: 1‑bedroom, 2‑bedroom, and 3‑bedroom
- Recent improvements include a newer roof and some newer windows
Local Financial Insights For Apartment 5plus
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 | $35.1k | $15.24 |
| − Vacancy | −$2.5k | −$1.07 |
| EGI | $32.7k | $14.17 |
| − OpEx | −$14.7k | −$6.38 |
| NOI | $18.0k | $7.80 |
2,304 SF · lease $15.24/SF/yr · vacancy 7.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$289.1K
$252.9K – $337.3K
NOI $20,235 @ 7.0% cap · market cap 10.12%
Second Best
Apartment 5plus
$256.6K
$224.5K – $299.3K
NOI $17,960 @ 7.0% cap · market cap 8.98%
Theoretical Best
Warehouse
$1.96M
$1.71M – $2.28M
NOI $137,039 @ 7.0% cap · market cap 68.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Spacious 3-unit property near Pine Avenue in Niagara Falls.
Where is this triplex located?
The property is located at 639 18th Street Niagara Falls, NY.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: All‑brick 3‑unit property built in 1920 with flat roof; Approx. 2,300+ sq ft living space with separate apartments: 1‑bedroom, 2‑bedroom, and 3‑bedroom; Recent improvements include a newer roof and some newer windows
