423 Elmwood Avenue Niagara Falls, NY $ 125,000
423 Elmwood Avenue
$ 125,000
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423 Elmwood Avenue

Niagara Falls, NY, 14301
$ 125,000
Bedrooms4 Baths2.0 Sq 2,232

Monthly Estimate*

$ 780

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Multi-Family Home for sale in Niagara Falls, NY

for $125,000 with 4 bedrooms and 2 full baths. This 2,232 square foot home was built in 1956 on a lot size of 0.1135.

Welcome to 423 Elmwood Ave in Niagara Falls, NY! Located in the highly desirable Airbnb district, this duplex offers strong rental income and unbeatable proximity to some of Niagara Falls’ best attractions. Just steps from the beautifully restored Gorge Walking Trail and only a 5-minute drive to Niagara Falls State Park, the Canadian border, restaurants, and shopping — the location can’t be beat. The property features a main floor 4-bedroom unit renting for $1,100/month plus electric, with tenants also leasing the garage for $70/month. Upstairs, the 3-bedroom unit rents for $1,000/month plus electric. Recent updates include new flooring in both kitchens, hallways, bathrooms, and the back room, fresh paint throughout the apartments, entrances, and common areas, and refinished hardwood floors. The main floor layout was thoughtfully reconfigured to create an additional bedroom, maximizing rental flexibility and income. Additional improvements include bathroom repairs, a newly opened basement for better moisture control, a new flat roof over the back deck, and brand-new shingles on the garage. Whether you’re looking to add a solid income-producing property to your portfolio or take advantage of its short-term rental potential in one of the city’s hottest districts, 423 Elmwood Ave is a turn-key investment with lasting appeal.

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Multi-Family Pending

Price

$ 125,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 1,366

Style

Duplex

Lot Size

0.1135

Year Built

1956

Town/City

Niagara Falls

County/Region

Niagara

MLS | Web ID

B1646972

Features
Interior
Interior Amenities NaturalWoodwork
Basement Full
Flooring Hardwood Varies
Total Fireplaces 0
Total Stories 2
Basement (Y/N) Yes
Heating Y/N Yes
Fireplace Y/N No
Half Baths 0
Laundry Features CommonArea
Total Bedrooms 4
Main Level Bathrooms 0
Total Baths 2
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General
Sewer Connected
Heating Gas ForcedAir
Utilities SewerConnected WaterConnected
Possession CloseOfEscrow
Roof Asphalt Flat Shingle
Appliances GasWaterHeater
Garage Spaces 2.0
Patio/Porch Features Balcony Patio
Architectural Style Duplex
Construction Materials CompositeSiding
School District Niagara Falls
Year Built 1956
Electric CircuitBreakers
Stories Count 2
Township Not Applicable
Levels Two
Property Subtype MultiFamily
Community Features TrailsPaths
County Niagara
Property Type Residential
Subdivision Name Mile Reserve
Garage Y/N Yes
Rent Includes Heat Water
Full Baths 2
Status Pending
City Niagara Falls
Senior Community Y/N No
High School District Niagara Falls
Number Of Units Total 2
MLS Area Niagara Falls-City-291100
Lot Size Units Acres
Lot Size Square Feet 4945.0
Year Built Details Existing
Tax Annual Amount 1366.0
Property Condition Resale
Virtual Tour https://clear-capture.aryeo.com/sites/qnxzawb/unbranded https://clear-capture.aryeo.com/sites/423-elmwood-ave-niagara-falls-ny-14301-20189925/branded
Standard Status Pending
Middle/Junior School District Niagara Falls
Elementary School District Niagara Falls
Tax Assessed Value 27500
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 7
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Exterior
Exterior Amenities Balcony Patio
Parking Features ParkingAvailable OnStreet
Lot Features NearPublicTransit Rectangular RectangularLot ResidentialLot
Water Source Connected Public
Lot Size Area 0.1135
Foundation Details Poured
Building Area Total 2232.0
Lot Dimensions 43X115
Lot Size Acres 0.1135
Waterfront Y/N No
Number of Separate Gas Meters 1
Number of Separate Electric Meters 2
Road Frontage Type CityStreet
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Internal Only
Street Number 1 423
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* Excluded Features
List By
Iconic Real Estate

Broker

(716) 404-5470

Phone

Affordability Calculator

$894
Per Month
87%
13%
0%
Monthly Principal & Interest
$780
Monthly Property Taxes
$114
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
248245 Elementary School
248084 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/28/2025$125,000 Listed Price

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423 Elmwood Avenue, Niagara Falls, NY, 14301 is a Multi-Family Home for sale at $125,000 with 2,232 sqft and a lot size of 0.1135. 423 Elmwood Avenue has 4 bedrooms, 2.0 baths, and was built in 1956. The property's zip code is 14301 which is in Niagara Falls, NY