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Back 423 Elmwood Avenue
Off Market

423 Elmwood Avenue

Niagara Falls NY 14301

4
2
2
2232 sq. ft.
4945 sq. ft.
Multi-Family
Last sold for $117,000
Noah MunozNoah Munoz, last sold this property on 20 March 2026 after 142 days on market.

Overview

Welcome to 423 Elmwood Ave in Niagara Falls, NY! Located in the highly desirable Airbnb district, this duplex offers strong rental income and unbeatable proximity to some of Niagara Falls’ best attractions. Just steps from the beautifully restored Gorge Walking Trail and only a 5-minute drive to Niagara Falls State Park, the Canadian border, restaurants, and shopping — the location can’t be beat. The property features a main floor 4-bedroom unit renting for $1,100/month plus electric, with tenants also leasing the garage for $70/month. Upstairs, the 3-bedroom unit rents for $1,000/month plus electric. Recent updates include new flooring in both kitchens, hallways, bathrooms, and the back room, fresh paint throughout the apartments, entrances, and common areas, and refinished hardwood floors. The main floor layout was thoughtfully reconfigured to create an additional bedroom, maximizing rental flexibility and income. Additional improvements include bathroom repairs, a newly opened basement for better moisture control, a new flat roof over the back deck, and brand-new shingles on the garage. Whether you’re looking to add a solid income-producing property to your portfolio or take advantage of its short-term rental potential in one of the city’s hottest districts, 423 Elmwood Ave is a turn-key investment with lasting appeal.

Features

4 bedrooms
2 bathrooms
2 carspaces
2 garage spaces
2232 sq. ft. floor area
4945 sq. ft. lot size
Multi-Family

Estimated Value

Based on this property and similar 4 bedroom multi families sold in Niagara Falls over the last 12 months, the estimated median property value of 423 Elmwood Avenue is $120k.

Median value
$120k
Estimated value range
$35k - $220k
Median days on market
24
Estimated value trend
-6%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Niagara Falls. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 423 Elmwood Avenue

2026
Sold
$117,000
20 Mar 2026 by Noah Munoz, of Heritage Property Source

Happy sellers in Niagara Falls

~%

We have insufficient information to provide an overview of customer satisfaction for Niagara Falls. Viewing the agent profiles, reviews and sales for Niagara Falls can provide insights for this location.

Local market activity for 4 bedroom multi families in Niagara Falls

In the last 12 months, 20 four-bedroom multi families similar to 423 Elmwood Avenue, have been sold.

This represents a 66% decrease in four-bedroom multi families sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Niagara Falls

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Jessica Laurendi

Jessica Laurendi is an award winning recommended agent for Niagara Falls.  They have 1 local sale and collected 2 local reviews across the last 12 months.

  •   5   (73 reviews)
  •  2 Reviews in Niagara Falls
  •  1 Sale in Niagara Falls
View profile
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Emmanuel Williams

Sellers who recommend Emmanuel Williams have praised them for being local expert, clear communication, responsive, dedicated, friendly, reliable, and great negotiation

  •   5   (54 reviews)
  •  1 Review in Niagara Falls
  •  3 Sales in Niagara Falls
View profile
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Noah Munoz

Noah Munoz is a recommended agent for Niagara Falls.  They have 2 local sales and collected 1 local review across the last 12 months.

  •   5   (1 review)
  •  1 Review in Niagara Falls
  •  2 Sales in Niagara Falls
View profile
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Jayson Parker

Jayson Parker is a recommended agent for Niagara Falls.  They have 9 local sales across the last 12 months.

  •  9 Sales in Niagara Falls
View profile
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