$125,000

423 Elmwood Avenue, Niagara Falls, NY 14301

4 beds |
2 baths |
2,232 sqft

Multi-Family Home
Built in 1956
4,944sqft lot
2 car garage
$56/sqft
Listed 9 days ago

Property Description

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.

Listing Status:: Active
Date Added:: October 27, 2025 at 05:00AM
Listing Office:: Iconic Real Estate : 716-236-7644
Listing Agent:: Noah Munoz : 716-404-5470
MLS ID:: B1646972

General: Natural Woodwork
Appliances: Gas Water Heater
Laundry: Common Area
Basement: Full
Flooring: HardwoodVaries
Heating: GasForced Air
Fireplace: Fireplaces: 0

General: BalconyPatio
Style: Duplex
Parking: Parking AvailableOn Street

Roofing: AsphaltFlatShingle
General: Composite Siding2Poured

Road/Access: City Street
Originating MLS: NYS_B
School District: Niagara Falls
County: Niagara

Zoning: 291100-144-069-0002-007-000

Utilities: Sewer ConnectedWater ConnectedCircuit Breakers
Water: ConnectedPublic
Sewer: Connected

Source: NYS_B

This listing courtesy of Noah Munoz, Iconic Real Estate

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Harry F Abate Elementary School

1625 Lockport St, Niagara Falls, NY, 14305

Grades PK-6

0.52 miles away

Gaskill Preparatory School

910 Hyde Park Blvd, Niagara Falls, NY, 14301

Grades 7-8

1.62 miles away

Niagara Falls High School

4455 Porter Rd, Niagara Falls, NY, 14305

Grades 9-12

2.40 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.