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  • $117,000

    423 Elmwood Ave, Niagara Falls, NY 14301

    4beds
    2,232sqft
    Duplex, Multi Family
    Built in 1956
    -- sqft lot
    $119,600 Zestimate®
    $52/sqft
    $1,197 Estimated rent

    Home value

    $119,600

    $106,000 - $134,000

    $1,197/mo

    Zestimate® history
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    $1,197/mo

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    $1,197/mo

    Rent Zestimate®

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    $700/mo

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    $700/mo

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    What's special

    Newly opened basementFresh paintRefinished hardwood floors
    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Noah Munoz 716-404-5470,

    Iconic Real Estate

    Bought with:

    Mirza Rashid, 40RA0991823

    Iconic Real Estate

    Source: NYSAMLSs,MLS#: B1646972MLS LogoOriginating MLS: Buffalo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Gas, Forced Air
    Appliances
    • Included: Gas Water Heater
    • Laundry: Common Area
    Features
    • Natural Woodwork
    • Flooring: Hardwood, Varies
    • Basement: Full
    • Has fireplace: No
    Interior area
    • Total structure area: 2,232
    • Total interior livable area: 2,232 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Parking Available, On Street
    • Garage spaces: 2
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Balcony, Patio
    • Exterior features: Balcony, Patio
    Lot
    • Size: 4,944 Square Feet
    • Dimensions: 43 x 115
    • Features: Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
    Details
    • Parcel number: 2911001440690002007000
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Duplex
    • Property subtype: Duplex, Multi Family
    Materials
    • Composite Siding
    • Foundation: Poured
    • Roof: Asphalt,Flat,Shingle
    Condition
    • Resale
    • Year built: 1956

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Connected
    • Water: Connected, Public
    • Utilities for property: Sewer Connected, Water Connected

    Community & HOA

    Community
    • Features: Trails/Paths
    • Subdivision: Mile Reserve
    Location
    • Region: Niagara Falls

    Financial & listing details

    • Price per square foot: $52/sqft
    • Tax assessed value: $27,500
    • Annual tax amount: $1,366
    • Date on market: 10/27/2025
    • Cumulative days on market: 24 days
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    3/20/2026Sold$117,000-6.4%$52/sqft
    Source: NYSAMLSs #B1646972 Report a problem
    11/28/2025Pending sale$125,000$56/sqft
    Source: NYSAMLSs #B1646972 Report a problem
    10/28/2025Listed for sale$125,000+257.1%$56/sqft
    Source: NYSAMLSs #B1646972 Report a problem
    11/6/2023Listing removed--
    Source: Zillow Rentals Report a problem
    10/3/2023Listed for rent$1,100+63%
    Source: Zillow Rentals Report a problem
    3/24/2021Listing removed--
    Source: Owner Report a problem
    9/25/2019Listing removed$675
    Source: Owner Report a problem
    9/14/2019Listed for rent$675-15.6%
    Source: Owner Report a problem
    3/30/2017Sold$35,000-12.5%$16/sqft
    Source: Public Record Report a problem
    3/20/2017Listed for sale$39,999+400%$18/sqft
    Source: Owner Report a problem
    2/28/2017Listing removed$800
    Source: Owner Report a problem
    2/19/2017Listed for rent$800
    Source: Owner Report a problem
    4/26/2010Sold$8,000$4/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $27,500
    2024-- $27,500
    2023-- $27,500
    2022-- $27,500
    2021-- $27,500
    2020-- $27,500
    2019-- $27,500
    2018-- $27,500
    2017$1,283 $27,500
    2016-- $27,500
    2015-- $27,500
    2014-- $27,500
    2013-- $27,500
    2012-- $27,500
    2011-- $27,500
    2010-- $27,500
    2009-- $27,500
    2008-- $27,500
    2007-- $27,500
    2006-- $27,500
    2005-- $27,500
    2004-- $27,500 -21.4%
    2003-- $35,000
    2002-- $35,000
    2001-- $35,000
    2000-- $35,000
    Find assessor info on the county website

    Neighborhood: 14301

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Niagara Falls

    Source: NYSAMLSs. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.