$70,000

463 Elmwood Ave Niagara Falls, NY 14301

$831
Closing credit¹
4 beds
2 full
1,992 sqft
0.10 acres
$35 / sqft
Multi-Family

Property details

About 463 Elmwood Ave

This spacious 2-unit multi-family home, located in the heart of the high-demand Niagara Falls Airbnb zone, offers an excellent opportunity for investors or house flippers looking to make their mark. Currently tenant-occupied, the property features large rooms, solid bones, and a functional layout. With its prime location just minutes from the falls and popular attractions, this home is perfectly positioned for both short-term vacation rentals or multi-family living. While it needs some cosmetic work, the property’s size and layout make it an ideal candidate for a profitable transformation. Whether you’re looking to flip for resale or hold as a rental, this property provides a promising return on investment in a rapidly growing area. Discover the potential waiting to be realized!

Highlights

Home typeMulti Family
HeatingNatural Gas, Forced Air
StatusSale Pending
(Pending)
Size1,992 sqft
BasementYes
Lot size0.095 Acres
Year built1905
ParkingGarage
MLS #B1584589
Garage2 spaces

Summary

  • MLS Number: B1584589
  • MLS Name: NYS
  • Office Name: Iconic Real Estate
  • Office Phone: (716) 236-7644
  • Office Email: karen@karenmock.com
  • Listing Agent: Victoria Skrlin-Kozak

IDXThe data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by other firms are marked with theListing Broker’s Firm Name. Data provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally
harmless.

© 2025 CNYIS, UNYREIS, WNYREIS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 3/15/2025, 3:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of property

$70,000

463 Elmwood Ave

$831

closing credit¹

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Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Jun 16, 2016
Home Sold
$12,000

Tax history

YearAssessmentProperty Tax
2023$22,500$-
2022$22,500$-
2021$22,500$1,049
2020$22,500$1,049
2019$22,500$436
2018$22,500$646
2017$22,500$419

History based on county public records data.

Nearby schools

3

Harry F Abate Elementary School

Public District PK-6

0.5 mi

1625 Lockport St

1

Niagara Street School

Public District PK-6

1.5 mi

2513 Niagara St

3

Hyde Park School

Public District PK-6

1.5 mi

1620 Hyde Park Blvd

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $35,195. Residents of Niagara Falls, NY typically earn less than $<35k each year. Most families are single, no kids. The majority of residents in this area have high school diploma education.

How much money do the neighbors make?

50%
<35k
34%
35k-100k
14%
100k-200k
2%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

64%
Single, No Kids
17%
Single, with Kids
12%
Married, No Kids
7%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

13%
<11 yrs old
6%
12-17 yrs old
20%
18-34 yrs old
41%
35-64 yrs old
20%
65+ yrs old

What do the neighbors do for fun?

  • UFCUFC
  • Pro BoxingPro Boxing
  • Figure SkatingFigure Skating

Where do the neighbors shop?

  • Family DollarFamily Dollar
  • BurlingtonBurlington
  • Chico'sChico's

Where do the neighbors go to eat?

  • Burger KingBurger King
  • PopeyesPopeyes
  • Bob EvansBob Evans

What do the neighbors drive?

  • BuickBuick
  • DodgeDodge
  • OldsmobileOldsmobile

What do the neighbors listen to?

  • Urban ContemporaryUrban Contemporary
  • NewsNews
  • Contemporary InspirationalContemporary Inspirational
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 463 Elmwood Ave in Niagara Falls, NY and zip code 14301. This 1,992 square foot home, which was built in 1905, sits on a 0.10 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since January 16, 2025 and is currently priced at $70,000.

Over 8 listings were sold over their listed price in February 2025 in Niagara Falls, NY. In the same period over 21 listings were sold below the listed price and 2 listings were sold for the listed price. The number of homes for sale in Niagara Falls, NY decreased by 10.8% between January and February 2025. In February 2025 median list price was $152,816 and the average listing age was 38 days.

From Rocket Homes Real Estate and based on county public records data.

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