15 days on rocket

531 16th St, Niagara Falls, NY, 14301

$149,900

Home List Price

$1,780*

Closing Credit

5 Bedrooms
3 Full Baths
2,199 SqFt
$68/SqFt
Multi

Location

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531 16th St, Niagara Falls$149,900

Buyer Closing Credits

$1,780*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingParking Available
Year Built1894
HeatingNatural Gas, Forced Air
BasementYes
MLS #B1580349
Lot Size0.20 Acres
StatusActive

About 531 16th St

Welcome to this charming multi-family property, perfectly situated on a double-wide lot! This unique investment opportunity features three apartments: two spacious two-bedroom units and a cozy one-bedroom unit on the top floor. Each apartment boasts ample natural light and a comfortable layout, making them ideal for renters or potential Airbnb guests. The property also includes a convenient driveway in the front, along with a dedicated parking area at the back, accessible via an alleyway. With a little creativity and renovation, this residence could be transformed into a lucrative vacation rental or continue to serve as a reliable income-generating asset. Don't miss out on the potential of this versatile property!

Property Details

Property Features

Property Information:

  • Year Built: 1894
  • Living Area: 2,199 SqFt

Listing Office:

  • Office Name: Iconic Real Estate
  • Office Phone: (716) 236-7644
  • Listing Agent: Jayson Parker

Interior Features

Interior Information:

  • Appliances: Gas Water Heater
  • Basement: Yes
  • Flooring Type: Carpet, Varies
  • Interior: Attic

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 5

Exterior Features

Parking Information:

  • Parking: Parking Available

Lot Features

Lot Information:

  • Lot: Rectangular Lot
  • Lot Size: 0.20 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $149,900
  • Price Per SqFt: $68/SqFt

Tax Information:

  • Annual Amount: $2,039
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Niagara Falls, NY.

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Niagara Falls, NY

City

Med. Sold Price

$152.7K

Med. Price/SqFt

$113

Avg. Days On Market

22

# of Sold Homes

55

531 16th St vs Niagara Falls

15 DAYS ON ROCKET

-7 Days

$149,900

-$2.8K Less

$68/SqFt

-$45 Less

KEY TAKEAWAY

This property is $2.8K less than the Median Sold Price and $45/SqFt less than other homes in Niagara Falls, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NYS
  • MLS Number: #B1580349

Listing Office:

  • Office Name: Iconic Real Estate
  • Office Phone: (716) 236-7644
  • Listing Agent: Jayson Parker

IDXThe data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by other firms are marked with theListing Broker’s Firm Name. Data provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally
harmless.

© 2024 CNYIS, UNYREIS, WNYREIS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 12/22/2024, 6:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 24, 2016Home Sold
$54,000

Tax History

YEARPROP. TAXASSESSMENT
2020$2,039$46,700
2019$906$46,700
2018$1,341$46,700
2017$1,011$46,700

History based on county public records data.

Payment Calculator

$816

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$516

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-902314
1
/10

  • Niagara Street School

  • 2513 Niagara St

  • 0.64 miles

  • Public District Grades PK-6

school-card-donut-902315
3
/10

  • Harry F Abate Elementary School

  • 1625 Lockport St

  • 0.85 miles

  • Public District Grades PK-6

school-card-donut-902316
3
/10

  • Hyde Park School

  • 1620 Hyde Park Blvd

  • 1.06 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $24,177. Most Niagara Falls, NY residents have annual incomes less than $35k. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›New York›Niagara County›Niagara Falls›14301›531 16th St

This home is located at 531 16th St in Niagara Falls, NY and zip code 14301. This 2,199 square foot home, which was built in 1894, sits on a 0.20 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since December 06, 2024 and is currently priced at $149,900.

In November 2024 more than 22 listings in Niagara Falls, NY were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 29 were sold below. Between October 2024 and November 2024, Niagara Falls, NY real estate market has seen decrease in the number of listings by 16.6%. Listings spent 22 days on the market in November 2024, and had a median list price of $152,730 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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