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Niagara Falls Duplex, Triplex & Quad Market Report March 2008

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Niagara Falls has a wide selection of Investment properties for sale.   Here is the current market report for the City of Niagara Falls including DeVeaux and LaSalle:

  • As of today, there are 103 active listings and 15 pending/under contract listings in the City of Niagara Falls with an average list price of $50,139.  The highest list priced multi-family unit (2-4 units) is listed for $159,000 the lowest list price is $5,900.
  • Since January 1, 2008 there has been a total of 15 closed multi-family units with an average sale price of $31,026 spending an average of 86 days on the Market (DOM).  Highest sold multi-family sold for $55,000 (283 DOM) and lowest sold multi-family sold for $6,000.

There is great interest in investment properties in Western New York and Niagara Falls not only from local investors, but those Foreign Investors looking for a great return and positive cash flow.  Here is a brief breakdown of those multi-family homes under $20,000:

Duplex Listings under $20,000

  • 1609 13th listed for $5900
  • 1920 walnut listed for $9900
  • 1347 Pierce listed for $9900
  • 526 18th listed for $13720
  • 541 20th listed for $14900
  • 1123 Whitney listed for $15000
  • 1311 Whitney listed for $17000
  • 528 19th listed for $17900
  • 2231 Cudaback listed for $19000
  • 2425 Orleans listed for $22000
  • 1209 15th listed for $23900
  • 1751 LaSalle listed for $24900
  • 919 Cedar listed for $24900

 Triplex Listings under $20,000

  • 1509 8th listed for $14400
  • 608 20th listed for $16900
  • 545 20th listed for $19900
  • 514 20th listed for $19900

Quad Listing under $20,000

  • 1152 Haeberle listed for $14900

Interested in purchasing a Niagara Falls Investment property?   Call Colleen Kulikowski at (716) 743-5297 today for more information and a complete list of available properties.  View additional WNY Market Area Statistics here.

 

All Statistics are gathered from the Buffalo Niagara Association of REALTORS®.

Read Also:

City of Niagara Falls Single Family Homes Market Report March 2008

DeVeaux Single Family Homes For Sale Market Report March 13, 2008

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If you enjoyed this Buffalo Real Estate article, make sure you subscribe to our RSS feed! You can also follow me on Twitter here. This site is provided to you by Colleen Kulikowski, Licensed Real Estate Salesperson at Turning Key Realty. Colleen specializes in the sale of homes in the Greater Western New York Region of New York state selling homes and condos in all eight WNY counties of Allegany, Cattaragus, Chautauqua, Erie, Genesee, Niagara, Orleans and Wyoming counties.

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