2225 Falls Street, Niagara Falls, NY 14303
MULTI_FAMILY - Other - Niagara Falls, NY
- Added:
- Apr 3, 2026
- Days on Market:
- 76
- Last Refresh:
- Jun 17 at 4:06 am
Property Features for 2225 Falls Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 2, Basement
- Parking features
- Garage
- Patio and Porch features
- Porch
- Interior features
- CeilingFans
- Exterior features
- FullyFenced
- Fencing
- Fenced
- Appliances
- GasWaterHeater
- 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, Tile, Hardwood
- Building materials
- VinylSiding, CopperPlumbing
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Keith Young License #10301217774 (716) 912-4364
Listing office Keller Williams Realty WNY 5500 Main St. Ste. 108, Williamsville, NY (716) 832-3300
Listing date Apr 3, 2026
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
- Duplex in Niagara Falls with two units: lower unit has 2 bedrooms and 1 full bath; upper unit has 1 bedroom and 1 full bath
- Remodeled lower‑unit kitchen and bathroom; includes stove and refrigerator
- Basement includes laundry hookups; property includes ceiling fans and hardwood and tile flooring (varies by room)
- Roof is approximately 8 years young; newer hot water tank; gas forced‑air heating with natural gas
- 2‑car garage with an open front porch and a spacious backyard on a double lot
- Public water and copper plumbing; fenced yard and fully fenced property
Overview
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.
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 | $21.0k | $13.44 |
| − Vacancy | −$1.4k | −$0.89 |
| EGI | $19.6k | $12.55 |
| − OpEx | −$5.9k | −$3.76 |
| NOI | $13.7k | $8.78 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Niagara Falls
- County
- Niagara
- State
- New York
- Longitude
- -79.034617
- Latitude
- 43.086555
