$183,000
SOLD NOV 10, 2021

409 Elmwood Ave Niagara Falls, NY 14301

East Side Neighborhood
-- Bed
-- Bath
5,280 Sq Ft
5,301 Sq Ft Lot

Recently Sold

$35 Per Sq Ft

41% Above List Price

22 Days on Market

About This Home

As of November 2021

Rare investment opportunity in the City of Niagara Falls. Location is everything for this four-unit building directly across the street from the Niagara gorge, 5 minutes from Niagara Falls State Park, and 6 minutes from Niagara University. Some of the most amazing views in the world are just a short walk or drive away. This building is a cash cow and a perfect addition to your portfolio! A list of updates will be provided upon request. Showings will only be at the open houses on 8/14 and 8/15 from 1-3 pm. This is one you won’t want to miss! Negotiations begin 8/17 at 3pm.

Last Agent to Sell the Property

Vincent Terrana

Listing by 716 Realty Group WNY LLC License #10301216416 Listed on: 08/07/2021

716 Realty Group WNY LLC

Last Buyer's Agent

Ryan Dallavia

Listing by Frontier Realty Group LLC License #10491213554

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,318

Year Built

  • Built in 1910

Lot Details

  • 5,301 Sq Ft Lot
  • Lot Dimensions are 64x82

Home Design

  • Siding

Interior Spaces

  • 5,280 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Carpet
  • Laminate

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Rent includes heat, water
  • Tax Lot 3
  • Assessor Parcel Number 291100-144-069-0002-003-000

Community Details

Overview

  • 4 Units
  • Mill Reserve Subdivision

Building Details

  • 1 Separate Gas Meter
  • Operating Expense $118,397
  • Gross Income $30,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,318

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Rent Includes: Heat, Water
  • Year Built: 1910
  • Lot Features: Residential Lot
  • Road Frontage Type: City Street
  • Subdivision Name: Mill Reserve
  • Directions: Whirl pool to Elmwood
  • Flooring: Carpet, Hardwood, Laminate, Varies
  • Unit Levels: Two
  • Year Built Details: Existing
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater
  • Basement: Full
  • Basement YN: Yes
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 0.1217
  • Waterfront: No
  • Construction Type: Composite Siding

Garage/Parking

  • Parking Features: No Driveway

Utilities

  • Heating: Gas, Forced Air
  • HeatingYN: Yes
  • Utilities: Sewer Connected, Water Available
  • Water Source: Not Connected, Public

Schools

  • Junior High Dist: Niagara Falls

Lot Info

  • Parcel Number: 291100-144-069-0002-003-000
  • Lot Dimensions: 64X82
  • Lot Size Sq Ft: 5301.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Annual Gross Income: 30900.0
  • Annual Operating Expense: 118397.0
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 1

Tax Info

  • Tax Annual Amount: 2318.0
  • Tax Lot: 3

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/10/2021 11/10/21 Sold $183,000 +40.9% $35 / Sq Ft
08/29/2021 08/29/21 Pending -- -- --
08/07/2021 08/07/21 For Sale $129,900 +140.2% $25 / Sq Ft
06/01/2017 06/01/17 Sold $54,080 -9.7% $10 / Sq Ft
03/04/2017 03/04/17 Pending -- -- --
02/15/2017 02/15/17 For Sale $59,900 -- $11 / Sq Ft
Source: Western New York Real Estate Information Services (WNYREIS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Vincent Terrana

    Seller's Agent in 2021

    Vincent Terrana

    716 Realty Group WNY LLC

    (716) 362-2373

    2 in this area

    51 Total Sales

    Section Image

  • R

    Buyer's Agent in 2021

    Ryan Dallavia

    Frontier Realty Group LLC

    (716) 288-4871

    11 in this area

    38 Total Sales

    Section Image
  • David Stefik

    Seller's Agent in 2017

    David Stefik

    Stefik Realty Co, Inc

    (716) 553-4088

    4 in this area

    70 Total Sales

    Section Image
See All Agents

Map

Source: Western New York Real Estate Information Services (WNYREIS)

MLS Number: B1357908

Western New York Real Estate Information Services (WNYREIS)

New York Niagara County Niagara Falls 14301 East Side

409 Elmwood Ave, Niagara Falls, NY

This home is located at 409 Elmwood Ave, Niagara Falls, NY 14301 and is currently priced at $183,000, approximately $34 per square foot. This property was built in 1910. 409 Elmwood Ave is a home located in Niagara County with nearby schools including Niagara Falls High School, St. Joseph Elementary School, and Sacred Heart Villa School.

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