Duplex with Front
For Sale
$164,000
2225 Falls Street, Niagara Falls, NY 14303
MULTI_FAMILY - Other - Niagara Falls, NY
Property Size1,560 SF
Lot Size0.20 Acres
Price / SF$105.13
Days on Market121
Property Features for 2225 Falls Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Basement, Bedroom 1, Bedroom 2, Bedroom 3
Parking features
Garage
Patio and Porch features
Porch
Interior features
CeilingFans
Exterior features
FullyFenced
Fencing
Fenced
Appliances
GasWaterHeater
Lot features
Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Elementary school district
Niagara Falls
Middle school district
Niagara Falls
High school district
Niagara Falls
Subdivision
Niagara Falls-City-291100
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
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1910
Floors in Building
2
Number of units
2
Flooring type
Varies, Hardwood, Tile
Building materials
VinylSiding, CopperPlumbing
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Keller Williams Realty WNY
(716) 832-3300
Listed By:
Keith Young · License #10301217774
(716) 912-4364
Added: Apr 3
Changed: Jul 28
Last Checked: Aug 1 at 8:06PM
MLS# B1671195
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 duplex offers two separate living units with a practical owner-occupant or rental setup. The lower unit has 2 bedrooms and 1 full bath, along with a remodeled kitchen and bathroom, updated flooring, and an eat-in kitchen. A stove and refrigerator are included, supporting a move-in-ready experience. Laundry hookups are available in the full basement. The upper unit provides 1 bedroom and 1 full bath, suited to long-term tenants, guests, or short-term stays. Exterior features include an open front porch and a spacious backyard. The property also includes a 2-car garage and appears to benefit from a double lot. Recent improvements include a roof approximately 8 years young and a newer hot water tank.
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.
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
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 |
1,560 SF · lease $13.44/SF/yr · vacancy 6.65% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$195.7K
$171.3K – $228.3K
NOI $13,700 @ 7.0% cap · market cap 8.35%
Second Best
Apartment 5plus
$173.7K
$152.0K – $202.7K
NOI $12,161 @ 7.0% cap · market cap 7.42%
Theoretical Best
Warehouse
$1.33M
$1.16M – $1.55M
NOI $92,787 @ 7.0% cap · market cap 56.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit duplex with remodeled lower unit, basement laundry hookups, and a detached two-car garage.
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 $164,000.
What are key features of this property?
This property features: 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
