Two-Unit
New
For Sale
$155,000
2225 Falls Street, Niagara Falls, NY 14303
Separate one- and two-bedroom apartments provide distinct layouts within the same property.
Property Size1,560 SF
Days on Market7
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Property Features for 2225 Falls Street
General Information
Standard status
Active
Size
1,560 SF
Total Parking Spaces
2
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,614
Amenities
open front porch
Building Details
Building Size
1,560 SF
Year Built
1910
Listing Agency:
Keller Williams Realty WNY
Listed By:
Keith Young · License #10301217774
(716) 912-4364
Source:
Highfallssir
Added: Oct 9
Changed: Oct 15
Last Checked: Oct 15 at 6:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty WNY
Investment Insights
Based on property information with market context.
Built in 1910, this duplex contains two apartments: a lower-level unit with two bedrooms and one full bathroom, and an upper unit with one bedroom and one full bathroom. The lower apartment has an eat-in kitchen, remodeled kitchen and bathroom, updated flooring, and included stove and refrigerator. An open front porch, full basement with laundry hookups, two-car garage, and backyard are also part of the property. The roof is approximately 8 years old, and a newer hot water tank is installed.
The property is a double lot in Niagara Falls, with local attractions, restaurants, shopping, and a casino described as minutes away.
The property is a double lot in Niagara Falls, with local attractions, restaurants, shopping, and a casino described as minutes away.
Key Highlights
- Two apartments: lower unit has 2 bedrooms and 1 full bath; upper unit has 1 bedroom and 1 full bath
- Lower unit features a remodeled kitchen and bathroom, updated flooring, and an eat‑in kitchen
- Stove and refrigerator included in the lower apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,700
Cap Rate
8.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$274,000
$274.0K
Cap Rate 7%
$195,714
$195.7K
Cap Rate 9%
$152,222
$152.2K
Market Conditions
NOI Build-Up for 1,560 SF
Gross rent
$21.0K $13.44/SF
− Vacancy
−$1.4K −$0.89/SF
EGI
$19.6K $12.55/SF
− OpEx
−$5.9K −$3.76/SF
NOI
$13.7K $8.78/SF
Area
Niagara County, NY
Vacancy
6.65%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$274,000
Cap Rate 7%
$195,714
Cap Rate 9%
$152,222
Alternative Uses
Best Use
Multifamily LT 5
$195.7K
$171.3K – $228.3K
NOI $13,700 @ 7.0% cap · market cap 8.84%
Second Best
Apartment 5plus
$173.7K
$152.0K – $202.7K
NOI $12,161 @ 7.0% cap · market cap 7.85%
Theoretical Best
Warehouse
$1.33M
$1.16M – $1.55M
NOI $92,787 @ 7.0% cap · market cap 59.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
305
Businesses Nearby
Explore this area
Business Placement
Demographics for 14303, NY
5,958
Population
3,505
Households
1.7
Avg Household Size
38
Median Age
16%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
2,207
Density / Sq Mi
$45,519
Median Household Income
$34,623
Median Earnings
$845
Median Rent
$78,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate one- and two-bedroom apartments provide distinct layouts within the same property.
Where is this duplex located?
The property is located at 2225 Falls Street Niagara Falls, NY.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: Two apartments: lower unit has 2 bedrooms and 1 full bath; upper unit has 1 bedroom and 1 full bath; Lower unit features a remodeled kitchen and bathroom, updated flooring, and an eat‑in kitchen; Stove and refrigerator included in the lower apartment
