942 Niagara Ave Niagara Falls, NY 14305
Exceptional investment opportunity in Niagara Falls, NY, presents a 22,928 square foot, four-level commercial building situated on a 0.34-acre lot at 942 Niagara Avenue, zip code 14305. Currently generating over $26,000 in monthly gross income, this meticulously maintained brick and stone structure houses twenty residential units—ten one-bedroom and ten two-bedroom apartments, all complete with appliances. The building includes a fully equipped basement level featuring coin-operated laundry facilities, common areas, bathrooms, and ample tenant storage. Additional lower-level amenities encompass an office, kitchenette, and mechanical rooms. Recent renovations encompass flooring, windows, and interior painting. This turnkey operation offers significant upside potential for growth, further enhanced by available buyer incentives and grant financing opportunities. The property is listed at $875,000.
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Estella Apartments Apartment Building
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.