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    Niagara Falls Two-Family Home

    2247 Grand Avenue Niagara Falls, NY 14301

    2247 Grand Avenue, Niagara Falls, NY, 14301
    $169,000
    Pending
    For Sale
    Claim this Listing
    $169,000
    Pending

    MULTI_FAMILY - Niagara Falls, NY

    Property Size1,858 SF
    Lot Size0.10 Acres
    AddedApr 7
    Days on Market100
    Last RefreshJul 15 at 5:06 am

    Property Features for 2247 Grand Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Bathrooms
    2
    Rooms
    Bathroom 1, Basement, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 4, Bedroom 2, Bedroom 5
    Appliances
    GasWaterHeater
    Standard status
    Pending
    APN
    291100-144-081-0003-039-000
    Size
    1,858 SF
    Lot size
    0.10 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2400

    Utilities

    Heating system
    Natural Gas, Forced Air
    Water source
    Public

    Building Details

    Year built
    1932
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Varies, Hardwood
    Building materials
    Stucco
    Roof type
    Asphalt

    Listing agent Thejan Kodituwakku License #10401342241

    Listing office Keller Williams Realty WNY 5500 Main St. Ste. 108, Williamsville, NY

    Listing date Apr 7, 2026

    MLS# B1671709 Listing URL

    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.

    This well-maintained two-family home is located in Niagara Falls, just off Hyde Park Blvd on a quiet, tree-lined street. The property features a spacious 3-bedroom lower unit and a 2-bedroom upper unit. It is suitable for owner-occupants or investors seeking rental income. The property has a new roof (less than 5 years old), new furnaces, and new hot water tanks for both units. The lower unit was updated a few years ago with new carpeting. The stucco exterior provides durability and low maintenance. The property includes an oversized three-car garage. The dry basement features a bonus kitchen and flexible space for storage, recreation, or extended living use. The property is walkable to shopping, schools, parks, and everyday amenities. It offers income potential or the opportunity to live in one unit while renting the other. The lot size is 0.1004 acres and the property size is 1858 square feet.

    Key Highlights

    • Well‑maintained two‑family home built in 1932 with a 3‑bedroom lower unit and 2‑bedroom upper unit
    • Major updates: roof less than 5 years old, all new furnaces, and new hot water tanks for both units
    • Dry basement with bonus kitchen plus flexible space for storage, recreation, or extended living use

    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 $28.3k $15.24
    − Vacancy −$2.0k −$1.07
    EGI $26.3k $14.17
    − OpEx −$11.9k −$6.38
    NOI $14.5k $7.80
    1,858 SF · lease $15.24/SF/yr · vacancy 7.00% · expense 45.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $233.1K
    $204.0K – $272.0K (±1% cap)
    NOI $16,318 @ 7.0% cap · market cap 9.66%
    Second Best
    Apartment 5plus
    $206.9K
    $181.1K – $241.4K (±1% cap)
    NOI $14,484 @ 7.0% cap · market cap 8.57%
    Theoretical Best
    Warehouse
    $1.58M
    $1.38M – $1.84M (±1% cap)
    NOI $110,512 @ 7.0% cap · market cap 65.39%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Skin Care Clinic Electrical Service Dental Office Parking Lot & Garage (Bike/Boat/Book/etc) Store Auto Parts Store Accounting Firm (Bike/Boat/Book/etc) Store Acupuncture

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Duplex - Well-maintained two-family home with strong income potential.
    Where is this duplex located?
    The property is located at 2247 Grand Avenue Niagara Falls, NY.
    What is the asking price?
    The asking price for this property is $169,000.
    What are key features of this property?
    This property features: Well‑maintained two‑family home built in 1932 with a 3‑bedroom lower unit and 2‑bedroom upper unit; Major updates: roof less than 5 years old, all new furnaces, and new hot water tanks for both units; Dry basement with bonus kitchen plus flexible space for storage, recreation, or extended living use
    Contact an agent
    (716) 292-8756
    We can help!
    Contact an agent
    Thejan Kodituwakku
    Thejan Kodituwakku
    Real Estate License ID: 10401342241
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