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Donald Erbes
REALTOR®, Lic. Real Estate Salesperson

474 22nd Street , Niagara Falls, NY 14303

$164,900
  • 474 22nd Street , Niagara Falls, NY 14303 Main Photo

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New to the Market Active
BEDS3 BATHS2 full SQUARE FEET1,512 MLS#B1673119
STATUSActive PROPERTY TYPEResidential - SUBDIVISIONStedman Farm SCHOOLNiagara Falls

Property Description

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.

474 22nd Street | MLS# B1673119

This home located at 474 22nd Street , Niagara Falls, NY 14303 is currently listed for sale with an asking price of $164,900. This property was built in 1940 and has 3 bedrooms and 2 full baths with 1512 sq. ft. 22nd Street is located in the Stedman Farm subdivision within the Niagara Falls school district. Search Stedman Farm real estate on derbes.mjpeterson.com today.

Property Features

Property Type: Residential -
Basement: Full
Garage: 1
Heating: Gas, ForcedAir
Lot Size: 0.09 Acres
Stories: 1.0
Taxes: $2,599
Year Built: 1940

Feature Descriptions

Appliances: GasWaterHeater
Exterior: Brick
Flooring: Laminate, Tile, Varies
Lot: NearPublicTransit, Rectangular, RectangularLot, ResidentialLot
Lot Dimensions: 35X112
Parcel#: 291100-159-033-0002-011-000
Parking: Other, ParkingAvailable, SeeRemarks
Parking Notes: Other, ParkingAvailable, SeeRemarks
Sewer: Connected
Units: 2
Utilities: SewerConnected, WaterConnected
Water: Connected, Public

Local Schools

School District: Niagara Falls

Listed By / Shown By

Listing By

Agency Name: Century 21 North East
Agency Phone: 716-754-9963

Shown By

Agent Name: Donald Erbes
Agent Phone: (716) 984-1631
Agency Title: MJ Peterson Real Estate

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Estimated Payment

$ 631.68 per month $367.00 Principal & Interest $216.58 Property Tax $48.10 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/15/2026. The listing information on this page last changed on 04/15/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 04/15/2026 3:56:43 PM EST) or New York State Alliance MLS (last updated Wed 04/15/2026 3:55:01 PM EST). Real estate listings held by brokerage firms other than MJ Peterson Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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