$175,000
SOLD FEB 13, 2025
8 Beds
4 Baths
6,045 Sq Ft
3,458 Sq Ft Lot

Recently Sold

$29 Per Sq Ft

9% Above List Price

10 Days on Market

Highlights

  • Property is near public transit
  • Forced Air Heating System
  • Carpet

About This Home

As of February 2025

Discover a fantastic investment opportunity with this beautifully maintained 4-unit brick building, ideally located in a vibrant neighborhood. Listed at just $159,900, this property is not only a solid investment but also a cash flow generator, currently yielding an impressive $2,900 in monthly rental income. Each unit features modern upgrades, including newer cabinets and fresh flooring, providing a comfortable living space for tenants. The property benefits from separate utilities for each unit, making management simple and efficient. Additionally, some furnaces have been recently replaced, ensuring reliability and lower maintenance costs. Originally a storefront, the building has been thoughtfully converted into four residential apartments, maximizing its income potential while maintaining its charming character. With a strong rental history and great demand in the area, this property is perfect for both seasoned investors and those looking to start their real estate journey. Don’t miss out on this opportunity to own a piece of real estate with significant income potential.

Last Agent to Sell the Property

Jayson Parker

Listing by Iconic Real Estate License #10401330743 Listed on: 10/22/2024

Iconic Real Estate

Co-Listed By

Noah Munoz

Listing by Iconic Real Estate License #10401311565

Last Buyer's Agent

Dale Miller

Listing by Irish Jones Realty License #10401345182

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,507

Year Built

  • Built in 1924

Lot Details

  • 3,458 Sq Ft Lot
  • Lot Dimensions are 35x98

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 6,045 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Location

  • Property is near public transit

Utilities

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

Listing and Financial Details

  • Rent includes trash collection, water
  • Tax Lot 41
  • Assessor Parcel Number 291100-159-033-0003-041-000

Community Details

Overview

  • 4 Units
  • Stedman Farm Subdivision

Building Details

  • 4 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,507

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Rent Includes: Trash Collection, Water
  • Year Built: 1924
  • Lot Features: Near Public Transit, Residential Lot
  • Road Frontage Type: City Street
  • Co List Office Mls Id: HRTG01
  • Co List Office Phone: 716-236-7644
  • Subdivision Name: Stedman Farm
  • Directions: Niagara st to 24th st
  • Flooring: Carpet, Varies, Vinyl
  • Unit Levels: Two
  • Year Built Details: Existing
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater
  • Basement: Full
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Stories: 2
  • Stories: 2

Exterior Features

  • Acres: 0.0794
  • Waterfront: No
  • Construction Type: Brick

Garage/Parking

  • Parking Features: Concrete

Utilities

  • Heating: Gas, Forced Air
  • HeatingYN: Yes
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Niagara Falls

Lot Info

  • Parcel Number: 291100-159-033-0003-041-000
  • Lot Dimensions: 35X98
  • Lot Size Sq Ft: 3458.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4

Tax Info

  • Tax Annual Amount: 4507.0
  • Tax Lot: 41
  • Tax Other Annual Assessment Amount: 600.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2024
Closed on
Feb 10, 2025
Sold by
Sahota International Limited Llc
Bought by
Niagara 24 Llc
Seller's Agent
Jayson Parker
Iconic Real Estate
Buyer's Agent
Dale Miller
Irish Jones Realty
List Price
$159,900
Sold Price
$175,000
Premium/Discount to List
$15,100
9.44%
Views
22
Current Estimated Value
$177,114

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,114
Avg. Annual Appreciation
-8.92%

Purchase Details

Closed on
Oct 1, 2001
Sold by
Administratrix Batarla Arlene Of The
Bought by
Jones Rasheena N

Purchase Details

Closed on
Sep 21, 2001
Sold by
Schaffner Leona
Bought by
Jones Rasheena N

Purchase Details

Closed on
Aug 23, 2000
Sold by
Barreto Angel and Barreto Kathleen
Bought by
Wadowski Sophie M

Purchase Details

Closed on
May 30, 1997
Sold by
Wadowski Sophie M
Bought by
Barreto Angel and Barreto Kathleen
Source: Public Records

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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

Purchase History

Date Type Sale Price Title Company
Warranty Deed $175,000 Stewart Title
Deed $15,000 Morton H Abramowitz
Deed $5,500 Morton H Abramowitz
Deed $21,000 James C Roscetti
Deed $50,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/13/2025 02/13/25 Sold $175,000 +9.4% $29 / Sq Ft
11/01/2024 11/01/24 Pending -- -- --
10/22/2024 10/22/24 For Sale $159,900 -- $26 / Sq Ft
Source: Western New York Real Estate Information Services (WNYREIS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,357 $56,200 $1,500 $54,700
2023 $3,357 $56,200 $1,500 $54,700
2022 $1,644 $56,200 $1,500 $54,700
2021 $1,644 $56,200 $1,500 $54,700
2020 $1,091 $56,200 $1,500 $54,700
2019 $1,047 $56,200 $1,500 $54,700
2018 $1,615 $56,200 $1,500 $54,700
2017 $1,047 $56,200 $1,500 $54,700
2016 $2,114 $56,200 $1,500 $54,700
2015 -- $56,200 $1,500 $54,700
2014 -- $56,200 $1,500 $54,700
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: B1572229

Western New York Real Estate Information Services (WNYREIS)

APN: 291100-159-033-0003-041-000