Three-Family Residential
818 Ashland Ave Niagara Falls, NY 14301
New
818 Ashland Ave, Niagara Falls, NY, 14301
$199,900
For Sale
$199,900
Three-unit property features two 1-bedroom apartments and one 2-bedroom unit with separate utilities.
Property Size2,100 SF
Price / SF$95.19
Days on Market4
Property Features for 818 Ashland Ave
General Information
- Standard status
- Active
- Size
- 2,100 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1910
Listing agency
(716) 775-7500
Listed by
Paul Dolan
(716) 775-7500
Source
Elliman
Added: Jul 19 Updated: Jul 20 at 2:41AM Checked: Jul 22 at 10:36AM
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 Paul Dolan
Investment Insights
Based on property information with market context.
This three-family residential property at 818 Ashland Ave offers a practical unit mix with two 1-bedroom apartments and one 2-bedroom apartment. The units are set up with separate utilities, including newer separate furnaces, helping streamline building management and reducing shared owner responsibilities.
The property is connected to public water and sewer and is described as a manageable multi-unit layout with over 2,100 square feet of space.
Positioned near Portage Road amenities, the address provides convenient access to everyday services and area destinations, including Tops Market, the bus depot, local shops, and downtown Niagara Falls.
The property is connected to public water and sewer and is described as a manageable multi-unit layout with over 2,100 square feet of space.
Positioned near Portage Road amenities, the address provides convenient access to everyday services and area destinations, including Tops Market, the bus depot, local shops, and downtown Niagara Falls.
Key Highlights
- 3‑family property built in 1910 with 3 total units and over 2,100 SF
- Unit mix includes two 1‑bedroom apartments and one 2‑bedroom apartment
- Separate utilities for each unit, supporting easier individual unit management
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 | $32.0k | $15.24 |
| − Vacancy | −$2.2k | −$1.07 |
| EGI | $29.8k | $14.17 |
| − OpEx | −$13.4k | −$6.38 |
| NOI | $16.4k | $7.80 |
2,100 SF · lease $15.24/SF/yr · vacancy 7.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$263.5K
$230.5K – $307.4K
NOI $18,443 @ 7.0% cap · market cap 9.23%
Second Best
Apartment 5plus
$233.9K
$204.6K – $272.8K
NOI $16,370 @ 7.0% cap · market cap 8.19%
Theoretical Best
Warehouse
$1.78M
$1.56M – $2.08M
NOI $124,905 @ 7.0% cap · market cap 62.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-unit property features two 1-bedroom apartments and one 2-bedroom unit with separate utilities.
Where is this triplex located?
The property is located at 818 Ashland Ave 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: 3‑family property built in 1910 with 3 total units and over 2,100 SF; Unit mix includes two 1‑bedroom apartments and one 2‑bedroom apartment; Separate utilities for each unit, supporting easier individual unit management
