Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2247 Grand Avenue Niagara Falls, NY 14301

    View on Map
    For Sale
    $169,000

    MULTI_FAMILY - Niagara Falls, NY

    Property size:
    1,858 SF
    Lot size:
    0.10 Acres
    Added:
    Jan 21, 2026
    Days on Market:
    70
    Last Refresh:
    Apr 1 at 7:06 am

    Property Features for 2247 Grand Avenue

    General Information

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

    Taxes and HOA fees

    TaxAnnualAmount
    2400

    Utilities

    Heating system
    Forced Air, Natural Gas
    Water source
    Public

    Building Details

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

    We can help!

    Listing Contact
    Thejan Kodituwakku
    Thejan Kodituwakku

    Listing agent Thejan Kodituwakku License #10401342241

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

    Listing date Jan 21, 2026

    MLS# B1658748

    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.

    Overview

    Niagara Falls Two-Family Home

    This well-maintained two-family home is located in Niagara Falls, just off Hyde Park Blvd on a quiet, tree-lined street. The property includes a 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 also features an oversized three-car garage. The dry basement includes 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 strong 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.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Niagara Falls
    County
    Niagara
    State
    New York
    Longitude
    -79.034305
    Latitude
    43.095792

    Nearby Similar for Sale

    • $540,000
      1,196 SF

      Turnkey Restaurant Near Niagara Falls

      Established restaurant with high traffic, fully equipped and ready.
      610 Main Street, Niagara Falls, NY 14301
      View Details
    • $735,000
      5,600 SF

      Niagara Falls Commercial Investment Opportunity

      Fully leased commercial building with warehouse and office space.
      1410 Pine Avenue, Niagara Falls, NY 14301
      View Details
    • $799,000
      12,512 SF

      Niagara Falls Warehouse and Office

      12,500 SF warehouse with office space and vacant lots.
      1717 Mackenna Avenue, Niagara Falls, NY 14303
      View Details
    • $324,900
      2,356 SF

      Niagara Falls Auto Body Shop

      Turn-key auto body repair shop with fenced parking.
      2514 Pine Avenue, Niagara Falls, NY 14301
      View Details
    • $243,500
      5,520 SF

      Niagara Falls Multifamily Investment Opportunity

      Investment property near Niagara Falls with strong income potential.
      809 Ashland Avenue, Niagara Falls, NY 14301
      View Details
    • $235,000
      6,012 SF

      Niagara Falls Multifamily Investment Property

      Four-unit property with immediate rental income potential in Niagara Falls.
      1158 Ontario Avenue, Niagara Falls, NY 14305
      View Details
    • $580,000
      11,000 SF

      High-Visibility Professional Center Investment

      Value-add asset near Niagara Falls Memorial Hospital.
      1319 Pine Ave, Niagara Falls, NY 14301
      View Details
    • $184,900
      1,850 SF

      Charming Niagara Falls Duplex

      Well-maintained duplex near Niagara Falls attractions and the Rainbow Bridge.
      734 Willow Avenue, Niagara Falls, NY 14305
      View Details
    • $899,000
      7,036 SF

      Retail Storefront in Little Italy

      Corner lot retail building in Niagara Falls' Little Italy.
      1309 Pine Avenue, Niagara Falls, NY 14301
      View Details
    • $178,000
      1,460 SF

      Niagara Falls Modern Home

      Well-maintained home, successful Airbnb, great investment opportunity.
      612 23rd Street, Niagara Falls, NY 14301
      View Details
    • $355,000
      7,965 SF

      Niagara Falls Mixed-Use Investment

      Main street location with restaurant, bar, apartments, and parking.
      1414 Main Street, Niagara Falls, NY 14305
      View Details
    • $109,000
      2,340 SF

      Niagara Falls Mixed-Use Investment

      Mixed-use property with storefront and residential units in Niagara Falls.
      490 19th Street, Niagara Falls, NY 14303
      View Details

    FAQs

    What type of property is this?
    Duplex - Well-maintained two-family home with recent updates and 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: New roof, furnaces, and hot water tanks: Significant capital improvements already completed.; Two‑unit property: Ideal for owner‑occupancy with rental income or investment.; Oversized three‑car garage: A rare and valuable feature.
    (716) 292-8756
    We can help!
    Listing Contact
    Thejan Kodituwakku
    Thejan Kodituwakku
    Real Estate License ID: 10401342241
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!