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.
Pending
Price cut: $5K (6/11)
$154,900
474 22nd St, Niagara Falls, NY 14303
3beds
1,512sqft
Multi Family
Built in 1940
-- sqft lot
$149,200 Zestimate®
$102/sqft
$-- HOA
What's special
All-brick exteriorClean low-maintenance setupReduced maintenance costsUpdated electricalModernized kitchens and bathroomsLong-term durabilityNewer flooring throughout
- 137 days
- 24
- 0
Zillow last checked:
Listing updated:
Listed by:
Century 21 North East 716-754-9963,
David M Pascucci 716-545-9743,
Patrick S Hollingsworth 386-341-2175,
Century 21 North East
Source: NYSAMLSs,MLS#: B1673119
Originating MLS: Buffalo
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Gas, Forced Air
Appliances
- Included: Gas Water Heater
Features
- Flooring: Laminate, Tile, Varies
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 1,512
- Total interior livable area: 1,512 sqft
Property
Parking
- Total spaces: 1
- Parking features: Other, Parking Available, See Remarks
- Garage spaces: 1
Lot
- Size: 3,920 Square Feet
- Dimensions: 35 x 112
- Features: Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Details
- Parcel number: 2911001590330002011000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- Resale
- Year built: 1940
Utilities & green energy
- Sewer: Connected
- Water: Connected, Public
- Utilities for property: Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: Stedman Farm
Location
- Region: Niagara Falls
Financial & listing details
- Price per square foot: $102/sqft
- Tax assessed value: $51,500
- Annual tax amount: $2,599
- Date on market: 4/15/2026
- Cumulative days on market: 206 days
- Listing terms: Cash,Conventional,FHA
Estimated market value
$149,200
$142,000 - $157,000
$1,106/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/15/2026 | Pending sale | $154,900$102/sqft |
Source: | ||
| 6/11/2026 | Price change | $154,900-3.1%$102/sqft |
Source: | ||
| 4/30/2026 | Price change | $159,900-3%$106/sqft |
Source: | ||
| 4/15/2026 | Listed for sale | $164,900-5.8%$109/sqft |
Source: | ||
| 4/5/2026 | Listing removed | $175,000$116/sqft |
Source: | ||
| 2/5/2026 | Price change | $175,000-2.8%$116/sqft |
Source: | ||
| 1/9/2026 | Listed for sale | $180,000+24.1%$119/sqft |
Source: | ||
| 1/21/2025 | Sold | $145,000-6.5%$96/sqft |
Source: Public Record Report a problem | ||
| 11/14/2024 | Pending sale | $155,000+6.9%$103/sqft |
Source: | ||
| 11/7/2024 | Sold | $145,000-6.5%$96/sqft |
Source: | ||
| 9/1/2024 | Listed for sale | $155,000-3.7%$103/sqft |
Source: | ||
| 6/20/2024 | Listing removed | -- |
Source: | ||
| 5/22/2024 | Price change | $161,000-1.2%$106/sqft |
Source: | ||
| 4/19/2024 | Price change | $163,000-1.2%$108/sqft |
Source: | ||
| 3/31/2024 | Listed for sale | $165,000+10.1%$109/sqft |
Source: | ||
| 3/19/2024 | Listing removed | -- |
Source: | ||
| 10/24/2023 | Price change | $149,900-3.2%$99/sqft |
Source: | ||
| 9/18/2023 | Listed for sale | $154,900-3.1%$102/sqft |
Source: | ||
| 2/9/2023 | Listing removed | -- |
Source: | ||
| 11/22/2022 | Price change | $159,900-5.9%$106/sqft |
Source: | ||
| 8/12/2022 | Listed for sale | $169,900+239.8%$112/sqft |
Source: | ||
| 6/3/2019 | Sold | $50,000-16.7%$33/sqft |
Source: Agent Provided Report a problem | ||
| 4/7/2019 | Pending sale | $59,990$40/sqft |
Source: RE/MAX North #B1163030 Report a problem | ||
| 4/2/2019 | Price change | $59,990+0.2%$40/sqft |
Source: RE/MAX North #B1163030 Report a problem | ||
| 12/4/2018 | Listed for sale | $59,900-13.2%$40/sqft |
Source: RE/MAX North #B1163030 Report a problem | ||
| 2/19/2015 | Sold | $68,995+68.3%$46/sqft |
Source: Public Record Report a problem | ||
| 1/28/2015 | Listing removed | $425-5.6% |
Source: Investor's Service Company Report a problem | ||
| 12/24/2014 | Sold | $41,000-3.6%$27/sqft |
Source: Public Record Report a problem | ||
| 12/18/2014 | Listed for rent | $450 |
Source: Investors Service Company Report a problem | ||
| 9/9/2014 | Sold | $42,524$28/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $51,500 |
| 2024 | -- | $51,500 |
| 2023 | -- | $51,500 |
| 2022 | -- | $51,500 |
| 2021 | -- | $51,500 |
| 2020 | -- | $51,500 |
| 2019 | -- | $51,500 |
| 2018 | -- | $51,500 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 14303
Nearby schools
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.






