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552 24th St, Niagara Falls, NY, 14301

12beds
4baths
3,024sqft
$385,000
$127price/sqft
$3,416/moest. monthly cost
$136,640/yrincome needed

About This Home

Exceptional opportunity to own a rare, large-scale investment package in the heart of Niagara Falls! Located on 24th Street, this unique offering includes two historic properties situated on nearly an acre of adjoining land—an incredibly uncommon find in a downtown setting. 552 24th St is a four-unit building featuring two spacious 4-bedroom units and two 2-bedroom units. Currently, one unit is occupied by a long-term tenant, while the remaining units are vacant—providing immediate value-add potential for an investor to set market rents or complete renovations to maximize cash flow. 562 24th St is a duplex offering two 2-bedroom units and is currently owner-occupied (interior not photographed), making it ideal for an owner-user or additional rental income. Both properties feature separate utilities, reducing owner expenses and increasing overall investment efficiency. What truly sets this package apart is the expansive, buildable land included—offering endless possibilities for future development. Whether you're looking to add another multi-family property, construct a small warehouse, or explore other development opportunities, the space and zoning potential make this a standout investment. Additional highlights include two detached garages, ample off-street parking, and a highly desirable location just minutes from Niagara Falls State Park, the Canadian border, local restaurants, and shopping. With six total units, significant upside potential, and rare development land, this is the kind of opportunity that doesn’t come around often. Whether you're expanding your portfolio or looking for your next value-add project, this property checks all the boxes.

Getting Around

79
WalkingVery Walkable
31
TransitSome Transit
65
BikeBikeable

Schools

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4/10
3/10
Niagara Falls High SchoolGrades 9-121.4 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1918

Materials

  • Roof: Asphalt
  • Construction materials: Composite Siding,Copper Plumbing

Type & Style

  • Home type: MultiFamily
  • Architectural style: Fourplex
  • Property subType: Quadruplex,Multi Family

Interior

Appliances

  • Appliances included: Gas Water Heater

Basement

  • Has basement: Yes
  • Basement: Crawl Space,Partial

Bedrooms & Bathrooms

  • Bedrooms: 12
  • Bathrooms: 4
  • Full bathrooms: 4

Features

  • Natural Woodwork
  • Flooring: Carpet,Hardwood,Varies

Heating

  • Heating features: Gas,Forced Air

Interior Area

  • Total structure area: 3,024
  • Total interior livable area: 3,024 sqft

Property

Details

  • Parcel number: 2911001590250002019000
  • Special condition: Standard

Features

  • Exterior features: Fully Fenced,Fence
  • Fencing: Full,Partial

Lot

  • Lot size: 0.50 Acres
  • Features: Near Public Transit,Rectangular,Rectangular Lot,Residential Lot
  • Lot size dimensions: 175 x 124

Parking

  • Total spaces: 2
  • Parking features: Gravel,Parking Available,Two or More Spaces,Garage Door Opener
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2