616 Chestnut Avenue
Niagara Falls, NY, 14305
$350,000
4 Beds
0 Baths
6,480 SqFt
0.14 Acres
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MLS #B1692496 image #0
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!!

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
Niagara Falls-city-291100Niagarafallscity291100Huntington PurchaseNiagara FallsProbate

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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

Subdivisions in Niagara Falls

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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