2225 Falls Street Niagara Falls, NY 14303
MULTI_FAMILY - Other - Niagara Falls, NY
Property Features for 2225 Falls Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 1, Basement, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 2
- Parking features
- Garage
- Patio and Porch features
- Porch
- Interior features
- CeilingFans
- Exterior features
- FullyFenced
- Fencing
- Fenced
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- 291100-159-049-0002-006-000
- Size
- 1,560 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1614
Utilities
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1910
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Tile, Varies, Hardwood
- Building materials
- VinylSiding, CopperPlumbing
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Keith Young License #10301217774 (716) 912-4364
Listing office Keller Williams Realty WNY 5500 Main St. Ste. 108, Williamsville, NY (716) 832-3300
Listing date Apr 3, 2026
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property is located at 2225 Falls Street in Niagara Falls, NY 14303. It is described as being just minutes from local attractions and amenities associated with the Niagara Falls area, including restaurants, shopping, and the casino.
For buyers looking for a straightforward duplex with two distinct unit layouts, this configuration supports flexible occupancy and rental use. Existing appliances in the lower unit, on-site basement laundry hookups, and the garage and outdoor space are practical considerations for tenants and guests, while the roof and hot water updates help reduce near-term replacement concerns.
Key Highlights
- Duplex in Niagara Falls with separate upper and lower units for owner‑occupant, long‑term rental, or short‑term use
- Lower unit: 2 bedrooms, 1 full bath with remodeled kitchen and bathroom, eat‑in kitchen, and stove and refrigerator included
- Upper unit: 1 bedroom and 1 full bath
Local Financial Insights For Multifamily LT 5
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 | $21.0k | $13.44 |
| − Vacancy | −$1.4k | −$0.89 |
| EGI | $19.6k | $12.55 |
| − OpEx | −$5.9k | −$3.76 |
| NOI | $13.7k | $8.78 |
