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Donald Erbes
REALTOR®, Lic. Real Estate Salesperson

552 24th Street, Niagara Falls, NY 14301

$385,000
  • 552 24th Street, Niagara Falls, NY 14301 Main Photo

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New to the Market Active
BEDS12 BATHS4 full SQUARE FEET3,024 MLS#B1672675
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONMile Reserve SCHOOLNiagara Falls

Property Description

Exceptional opportunity to own a rare, large-scale investment package in the heart of Niagara Falls! Located on 24th Street, this unique offering includes two historic properties situated on nearly an acre of adjoining land-an incredibly uncommon find in a downtown setting. 552 24th St is a four-unit building featuring two spacious 4-bedroom units and two 2-bedroom units. Currently, one unit is occupied by a long-term tenant, while the remaining units are vacant-providing immediate value-add potential for an investor to set market rents or complete renovations to maximize cash flow. 562 24th St is a duplex offering two 2-bedroom units and is currently owner-occupied (interior not photographed), making it ideal for an owner-user or additional rental income. Both properties feature separate utilities, reducing owner expenses and increasing overall investment efficiency. What truly sets this package apart is the expansive, buildable land included-offering endless possibilities for future development. Whether you're looking to add another multi-family property, construct a small warehouse, or explore other development opportunities, the space and zoning potential make this a standout investment. Additional highlights include two detached garages, ample off-street parking, and a highly desirable location just minutes from Niagara Falls State Park, the Canadian border, local restaurants, and shopping. With six total units, significant upside potential, and rare development land, this is the kind of opportunity that doesn't come around often. Whether you're expanding your portfolio or looking for your next value-add project, this property checks all the boxes.

552 24th Street | MLS# B1672675

This multi-family property located at 552 24th Street, Niagara Falls, NY 14301 is currently listed for sale with an asking price of $385,000. 24th Street is located within the Niagara Falls school district. Search Niagara Falls real estate on derbes.mjpeterson.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Crawl Space, Partial
Fenced: Yes
Garage: 2
Heating: Gas, Forced Air
Home Style: Fourplex
Lot Size: 0.50 Acres
Roof Type: Asphalt
Stories: 2.0
Taxes: $1,780
Year Built: 1918

Amenities

Natural Woodwork
Fully Fenced
Fence

Feature Descriptions

Appliances: Gas Water Heater
Days on Site: 1
Exterior: Composite Siding, Copper Plumbing
Fencing: Full, Partial
Flooring: Carpet, Hardwood, Varies
Lot: Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Lot Dimensions: 175X124
Parcel#: 291100-159-025-0002-019-000
Parking: Gravel, Parking Available, Two or More Spaces, Garage Door Opener
Parking Notes: Gravel, Parking Available, Two or More Spaces, Garage
Sewer: Connected
Units: 4
Utilities: Sewer Connected, Water Connected
Water: Connected, Public

Local Schools

School District: Niagara Falls

Listed By / Shown By

Listing By

Agency Name: Iconic Real Estate
Agency Phone: 716-236-7644

Shown By

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

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Estimated Payment

$ 1,117.47 per month $856.84 Principal & Interest $148.33 Property Tax $112.29 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 04/16/2026. The listing information on this page last changed on 04/16/2026. 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 Thu 04/16/2026 12:24:57 AM EST) or New York State Alliance MLS (last updated Wed 04/15/2026 4:49:08 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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