Multifamily
For Sale
$125,000
751 16th Street, Niagara Falls, NY 14301
The 1900-built property is currently configured for single-family use.
Property Size1,370 SF
Price / SF$91.24
Days on Market10
Property Features for 751 16th Street
General Information
Standard status
Active
Size
1,370 SF
Property subtype
Multi Family Home
Taxes and HOA fees
Annual Taxes
$1,987
Building Details
Building Size
1,370 SF
Year Built
1900
Stories
2
Units
2
Listing Agency:
Hooper Realty
Listed By:
Frank A Pietrangeli · License #30PI0692526
(716) 531-3080
Source:
Geracerealty
Added: Oct 19
Changed: Oct 25
Last Checked: Oct 26 at 3:59AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 751 16th Street in Niagara Falls, this multifamily property was built in 1900 and is currently used as a single-family residence. Its existing configuration provides a clear starting point for evaluating the building as a residential asset.
Key Highlights
- Built in 1900
- Currently used as a single‑family residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,680
Cap Rate
8.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$213,600
$213.6K
Cap Rate 7%
$152,571
$152.6K
Cap Rate 9%
$118,667
$118.7K
Market Conditions
NOI Build-Up for 1,370 SF
Gross rent
$20.9K $15.24/SF
− Vacancy
−$1.5K −$1.07/SF
EGI
$19.4K $14.17/SF
− OpEx
−$8.7K −$6.38/SF
NOI
$10.7K $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%
$213,600
Cap Rate 7%
$152,571
Cap Rate 9%
$118,667
Alternative Uses
Best Use
Apartment 5plus
$152.6K
$133.5K – $178.0K
NOI $10,680 @ 7.0% cap · market cap 8.54%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.16M
$1.02M – $1.36M
NOI $81,486 @ 7.0% cap · market cap 65.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,165
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - The 1900-built property is currently configured for single-family use.
Where is this multifamily property located?
The property is located at 751 16th Street Niagara Falls, NY.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Built in 1900; Currently used as a single‑family residence
