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474 22nd St, Niagara Falls, NY, 14303

3beds
2baths
1,512sqft
$159,900
$106price/sqft
$1,477/moest. monthly cost
$59,080/yrincome needed

About This Home

Turnkey, income-producing all-brick 2-unit in Niagara Falls generating strong cash flow from day one! This solid investment features a 2-bedroom, 1-bath unit currently rented for $1,200/month and a 1-bedroom, 1-bath unit rented for $950/month—bringing in $2,150/month ($25,800 annually) in gross rental income. Both units have been updated with newer flooring throughout, along with modernized kitchens and bathrooms, offering a clean, low-maintenance setup that attracts and retains quality tenants. The property also features updated electrical, adding another layer of value and peace of mind for the next owner. Current tenants are reliable, in place, and would love to stay—providing immediate stability and eliminating turnover risk. The all-brick exterior ensures long-term durability and reduced maintenance costs, making this a strong, efficient addition to any investment portfolio. With solid rents already in place and minimal capital improvements needed, this is a true plug-and-play asset delivering consistent cash flow from day one. Opportunities like this—stabilized, updated, and producing—don’t last.

Getting Around

74
WalkingVery Walkable
31
TransitSome Transit
62
BikeBikeable

Schools

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4/10
3/10
Niagara Falls High SchoolGrades 9-121.6 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1940

Materials

  • Construction materials: Brick

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Gas Water Heater

Basement

  • Has basement: Yes
  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Flooring: Laminate,Tile,Varies

Heating

  • Heating features: Gas,Forced Air

Interior Area

  • Total structure area: 1,512
  • Total interior livable area: 1,512 sqft

Property

Details

  • Parcel number: 2911001590330002011000
  • Special condition: Standard

Lot

  • Lot size: 3,920 sqft
  • Features: Near Public Transit,Rectangular,Rectangular Lot,Residential Lot
  • Lot size dimensions: 35 x 112

Parking

  • Total spaces: 1
  • Parking features: Other,Parking Available,See Remarks
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1