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    Two-Family Property with River Views Title is generated by Realmo AI

    2535 River Road, Niagara Falls, NY 14304

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    Claim this Listing
    Pending
    $325,000

    MULTI_FAMILY - Other - Niagara Falls, NY

    Property size:
    2,244 SF
    Lot size:
    0.28 Acres
    Added:
    Jun 15, 2026
    Days on Market:
    22
    Last Refresh:
    Jul 6 at 3:06 am

    Property Features for 2535 River Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    3
    Rooms
    Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 6, Bathroom 3, Bathroom 2
    Parking features
    Open
    Patio and Porch features
    Porch, Deck
    Interior features
    CeilingFans
    Exterior features
    Deck
    Fireplace
    1
    Appliances
    GasWaterHeater
    Standard status
    Pending
    APN
    294000-175-014-0001-021-000
    Size
    2,244 SF
    Lot size
    0.28 Acres

    Taxes and HOA fees

    Tax Annual Amount
    4820

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air
    Water source
    Public
    Water front features
    River Access, Stream

    Building Details

    Year built
    1910
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Tile, Varies, Vinyl, Carpet
    Building materials
    VinylSiding
    Roof type
    Shingle, Flat
    Architectural style
    Other

    We can help!

    Contact an agent
    Julia Partsch
    Julia Partsch

    Listing agent Julia Partsch License #10301220911

    Listing office Prestige Family Realty 2930 Sweet Home Rd, N. Tonawanda, NY

    Listing date Jun 15, 2026

    MLS# B1689351 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.

    HighLights

    • Two‑family home with river access and river views from both units
    • Lower unit: 3 bedrooms, 2 full baths, first‑floor laundry, gas fireplace, central air
    • Upper unit: 3 bedrooms, in‑unit laundry, central air, vinyl deck overlooking the river
    • Separate utilities, two private driveways, and a 2‑car detached garage
    • Whole‑house generator services the first‑floor unit
    • Enclosed porch plus a deck; forced‑air natural gas heating; vinyl siding

    Overview

    This two-family residential property offers two separate, well-appointed units, each with its own central air conditioning and private outdoor space. The lower unit includes three bedrooms, two full baths, first-floor laundry, an enclosed porch, a gas fireplace in the living room, and water views from the living area. The kitchen is described as large and functional with ample cabinetry and storage, and stainless steel appliances are noted. The lower unit also provides convenient access to the full basement and includes a whole-house generator servicing the first-floor unit. The upper unit features three bedrooms, in-unit laundry, a spacious living room, and a spacious eat-in kitchen. A vinyl deck overlooks the river.

    The property is located on River Road in Niagara Falls, just moments from Gratwick Park. Additional site details include two private driveways and a two-car detached garage, along with a spacious lot.

    With separate utilities and distinct unit layouts, the property can suit an owner-occupant who wants rental income to offset expenses, or a buyer seeking a two-unit rental setup. Both units’ laundry arrangements, central air, and the defined parking and garage configuration support straightforward day-to-day livability for tenants and owners alike. Showings are available immediately, and offers are reviewed upon receipt.

    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 $30.2k $13.44
    − Vacancy −$2.0k −$0.89
    EGI $28.2k $12.55
    − OpEx −$8.4k −$3.76
    NOI $19.7k $8.78
    2,244 SF · lease $13.44/SF/yr · vacancy 6.65% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $281.5K
    $246.4K – $328.5K (±1% cap)
    NOI $19,708 @ 7.0% cap · market cap 6.06%
    Second Best
    Apartment 5plus
    $249.9K
    $218.7K – $291.6K (±1% cap)
    NOI $17,493 @ 7.0% cap · market cap 5.38%
    Theoretical Best
    Warehouse
    $1.91M
    $1.67M – $2.22M (±1% cap)
    NOI $133,470 @ 7.0% cap · market cap 41.07%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Law Firm Auto Repair Shop HVAC Service Car Rental Facility Hotel & Motel Daycare Center Pet Grooming Service Tanning Salon Restaurant

    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
    -78.90965
    Latitude
    43.059395

    FAQs

    What type of property is this?
    Duplex - Two units with separate utilities, private driveways, and river views near Gratwick Park.
    Where is this duplex located?
    The property is located at 2535 River Road Niagara Falls, NY.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: Two‑family home with river access and river views from both units; Lower unit: 3 bedrooms, 2 full baths, first‑floor laundry, gas fireplace, central air; Upper unit: 3 bedrooms, in‑unit laundry, central air, vinyl deck overlooking the river
    More about this property
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