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552 24th St, Niagara Falls, NY, 14301

12beds
4baths
3,024sqft
$350,000
$116price/sqft
$3,150/moest. monthly cost
$126,000/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

--
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

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Tsunami

FEMA Declared Disasters in Niagara County and New York

Flood
Severe Storm
Snowstorm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,769$21,228
Home Insurance *$378$4,536
Property Taxes $504$6,048
Electricity $499$5,996
Total$3,150$37,800
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$108,000/yr
40% on housing$94,500/yr
45% on housing$84,000/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 1.6%
1.6%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -0.5%
-0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$116This listing

vs Other Active Listings

Avg $/sqft

ZIP 14301$80
Niagara County$123

vs Homes Sold Last Month

Median $/sqft

ZIP 14301$99
Niagara County$162

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-04-14Listed for sale$385,000
2015-06-30Sold$15,000

For Sale by Agent

AgentNoah Munoz
BrokerageIconic Real Estate

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