ATTENTION INVESTORS!!! Rare investment opportunity in the highly desirable Deveaux area of Niagara Falls. This well-maintained, fully rented, 6-unit apartment building offers immediate cash flow with significant upside potential. The all-brick building features six apartments spread over three floors, with two units on each level. The first floor includes two studio apartments, while the upper floors offer four spacious two-bedroom units.
The units have been recently painted and feature newer flooring, making them attractive to tenants. Six separate electric meters allow tenants to pay their own electric, while heat and water are included in the rent. Shared coin-operated laundry on the second floor generates additional income.
Current rents are below market value, providing an excellent opportunity for increased cash flow. There is potential for a 7th unit, adding even more value to this income-producing property.
Ideally located just minutes from Niagara University, Seneca Niagara Casino, Bridges to Canada, and the breathtaking Niagara Gorge with miles of scenic walking and biking trails. A large 6+ car parking area, along with additional street parking, provides ample convenience for tenants.
Whether you’re looking to expand your investment portfolio or capitalize on a value-add opportunity, this property offers location, income, and tremendous future potential. This one won’t last long!!
The units have been recently painted and feature newer flooring, making them attractive to tenants. Six separate electric meters allow tenants to pay their own electric, while heat and water are included in the rent. Shared coin-operated laundry on the second floor generates additional income.
Current rents are below market value, providing an excellent opportunity for increased cash flow. There is potential for a 7th unit, adding even more value to this income-producing property.
Ideally located just minutes from Niagara University, Seneca Niagara Casino, Bridges to Canada, and the breathtaking Niagara Gorge with miles of scenic walking and biking trails. A large 6+ car parking area, along with additional street parking, provides ample convenience for tenants.
Whether you’re looking to expand your investment portfolio or capitalize on a value-add opportunity, this property offers location, income, and tremendous future potential. This one won’t last long!!
Property Details
Price:
$350,000
MLS #:
B1692496
Status:
Active
Beds:
4
Baths:
0
Type:
Multi Family
Subtype:
Other
Subdivision:
Huntington Purchase
Neighborhood:
niagarafallscity291100
Listed Date:
Jul 6, 2026
Finished Sq Ft:
6,480
Total Sq Ft:
6,480
Lot Size:
6,250 sqft / 0.14 acres (approx)
Year Built:
1970
Units:
6
See this Listing
Schools
School District:
Niagara Falls
Interior
Appliances
Dryer, Free Standing Range, Gas Water Heater, Oven, Refrigerator, Washer
Cooling
Wall Units
Flooring
Carpet, Laminate, Varies
Heating
Gas, Baseboard
Laundry Features
Common Area, Coin Operated
Exterior
Community Features
Laundry Facilities
Construction Materials
Brick
Exterior Features
Concrete Driveway
Lot Features
Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Parking Features
One Space, Driveway, No Garage
Roof
Shingle
Stories
3
Financial
Taxes
$6,253
Map
Community
- Address616 Chestnut Avenue Niagara Falls NY
- SubdivisionHuntington Purchase
- CityNiagara Falls
- CountyNiagara
- Zip Code14305
Subdivisions in Niagara Falls
- 104th Street
- Asher T Cudaback
- Bellevue
- Bellievue
- Buffalo Ave & Sub
- Building
- Building Ind
- Cayuga Island
- Chapin Place
- Church Ave
- City/Niagara
- City/Niagara Falls
- Clarksville
- Cleveland Ave
- College Croft
- College-Croft
- County/Niagara
- Cudaback & Cary
- Evershed
- Fort Ave
- Green Mdws 02
- Heirs/A Agustus Porter Sh
- Highland Add
- Holland Companys Purchase
- Holland Land Co
- Holland Land Co Purchase
- Holland Land Companys Pur
- Holland Land Companys Sru
- Holland Land Cos Purchase
- Holland Land Purchase
- Holland Land Purchase 228
- Holland Lane Purchase
- Holland Purchase
- Hyde Park Blvd
- J Schiebels
- Jacob F Schoellkop
- Julius Frehsee
- Lands/Civic Land Corp C
- Lasalle Ave
- Lasalle Cayuga Inc
- LHolland Land Companysan
- Map Prepared Warner Altma
- Map/Bldgs Lts
- Max M Oppenheim
- Mckoon Add
- Mile Reservation
- Mile Reserve
- Mile Reserve I
- Mile Reserve Subdivided
- Myron H Kinsley
- New York Mile Reserve
- New York St Mile Reservat
- New York State Mile Reser
- New York State Reservatio
- Niagara
- Niagara County Clerks Off
- Niagara Falls
- Niagara Falls Village
- Niagara River Reservation
- Niagara View
- Niagara View Add
- North Side/Pk View Drive
- Nussbaums
- Parkway Condo
- Part/City/Niagara Falls
- Part/Mckoon Resub Add
- Property Robinson Land Co
- Re Sub/Bldg/80 01 Street
- Riverpark Condo
- Riverview
- Sec 14470
- Sec 160
- Section 144
- Section 14450
- Section 14454
- Section 14457
- Section 14462
- Section 14475
- Section 14481
- Section 15921
- Section 15926
- Section 15931
- Section 15937
- Section 15940
- Section 15949
- Silberbergs & Warners
- Situate/The City/Niagara
- State Reservation
- Steadman Farm
- Stedman Farm
- Stedman Farm Pt 03
- Stedman Farm Resub
- Stedman Farms
- Suspension
- Townsands Niagara Falls R
- Township 13
- U S Department/Labor
- Uriah Binkley Estate
- Village/Bellevue
- Village/Bellvue
- Village/Clarksville
- Village/Niagara Falls
- Ward 12 Pro 1657
- Wc Johnson
Market Summary
Current real estate data for Multi Family in Niagara Falls as of Jul 23, 2026
111
Multi Family Listed
97
Avg DOM
64
Avg $ / SqFt
$168,319
Avg List Price
Property Summary
- Located in the Huntington Purchase subdivision, 616 Chestnut Avenue Niagara Falls NY is a Multi Family for sale in Niagara Falls, NY, 14305. It is listed for $350,000 To schedule a showing of MLS#b1692496 at 616 Chestnut Avenue in Niagara Falls, NY, contact your Concrete Jungle Realty agent at 3472420937.
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Courtesy of Keller Williams Realty WNY. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the New York State Alliance of MLSs. Detailed information about real estate listings held by brokerage firms other than Concrete Jungle Realty include the name of the listing broker. Neither the listing company nor Concrete Jungle Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. New York State Alliance of MLSs. All rights reserved. 616 Chestnut Avenue
Niagara Falls, NY



