2-Unit Duplex with
New
For Sale
$155,000
2225 Falls Street, Niagara Falls, NY 14303
Residential, Niagara Falls, NY
Property Size1,560 SF
Lot Size0.20 Acres
Price / SF$99.36
Days on Market5
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 1, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Basement
Parking features
Garage
Patio and Porch features
Porch
Interior features
CeilingFans
Exterior features
FullyFenced
Fencing
Fenced
Appliances
GasWaterHeater
Lot features
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
Natural Gas, Forced Air
Water source
Public
Amenities
open front porch
laundry hookups
full basement
spacious backyard
Building Details
Year built
1910
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Varies, 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: Oct 9
Changed: Oct 12
Last Checked: Oct 13 at 2:06PM
MLS# B1721414
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 1,560-square-foot duplex contains two apartments: a lower unit with 2 bedrooms and 1 full bathroom, and an upper unit with 1 bedroom and 1 full bathroom. The lower apartment has an updated kitchen and bathroom, varied flooring, and an eat-in kitchen; a stove and refrigerator are included. The property also has a full basement with laundry hookups, a front porch, and a 2-car garage. The roof is approximately 8 years old, and the backyard is fenced. The parcel measures 0.2001 acres.
The property is in Niagara Falls, with local attractions, restaurants, shopping, and a casino described as minutes away. Public water, forced-air natural gas heat, and an asphalt roof are among the property’s recorded features.
The property is in Niagara Falls, with local attractions, restaurants, shopping, and a casino described as minutes away. Public water, forced-air natural gas heat, and an asphalt roof are among the property’s recorded features.
Key Highlights
- Two apartments: lower unit has 2 bedrooms and 1 full bathroom; upper unit has 1 bedroom and 1 full bathroom
- 1,560 square feet on a 0.2001‑acre parcel
- Lower apartment features an updated kitchen and bathroom, plus an eat‑in kitchen
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.
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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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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two apartments offer distinct one- and two-bedroom layouts, with updates to the lower unit’s kitchen and bathroom.
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 bathroom; upper unit has 1 bedroom and 1 full bathroom; 1,560 square feet on a 0.2001‑acre parcel; Lower apartment features an updated kitchen and bathroom, plus an eat‑in kitchen
