Exceptional investment opportunity! This 3-unit residence occupies a prime corner lot in the heart of Niagara Falls, offering the perfect blend of size, location, and versatility. Ideally positioned for high-yield potential, the property is just blocks from the Seneca Niagara Casino, the Niagara River Gorge, and the Niagara Falls State Park.
Whether you are looking for a steady long-term rental or a lucrative short-term play, this property is situated within the Niagara Falls designated short-term rental/Airbnb zone, making it a rare find for savvy investors. The spacious units provide ample living space, while the corner lot location offers enhanced curb appeal and natural light. Don’t miss your chance to own a multi-unit powerhouse in one of the world’s most famous tourist destinations. Minutes from downtown dining, shopping, and international border crossings. Turn your vision into reality at 505 5th Street!
Whether you are looking for a steady long-term rental or a lucrative short-term play, this property is situated within the Niagara Falls designated short-term rental/Airbnb zone, making it a rare find for savvy investors. The spacious units provide ample living space, while the corner lot location offers enhanced curb appeal and natural light. Don’t miss your chance to own a multi-unit powerhouse in one of the world’s most famous tourist destinations. Minutes from downtown dining, shopping, and international border crossings. Turn your vision into reality at 505 5th Street!
Property Details
Price:
$120,000
MLS #:
B1662515
Status:
Active
Beds:
4
Baths:
3
Type:
Multi Family
Subtype:
MultiFamily
Subdivision:
Mile Reseve
Neighborhood:
niagarafallscity291100
Listed Date:
Feb 19, 2026
Finished Sq Ft:
3,090
Total Sq Ft:
3,090
Lot Size:
5,412 sqft / 0.12 acres (approx)
Year Built:
1921
Units:
3
See this Listing
Schools
School District:
Niagara Falls
Interior
Appliances
Gas Water Heater
Bathrooms
3 Full Bathrooms
Flooring
Carpet, Laminate, Other, See Remarks, Varies, Vinyl
Heating
Gas, Forced Air
Exterior
Architectural Style
Triplex
Construction Materials
Wood Siding
Parking Features
Two Or More Spaces
Financial
Taxes
$1,235
Map
Community
- Address505 5th Street Niagara Falls NY
- SubdivisionMile Reseve
- CityNiagara Falls
- CountyNiagara
- Zip Code14301
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 Mar 07, 2026
71
Multi Family Listed
111
Avg DOM
71
Avg $ / SqFt
$175,196
Avg List Price
Property Summary
- Located in the Mile Reseve subdivision, 505 5th Street Niagara Falls NY is a Multi Family for sale in Niagara Falls, NY, 14301. It is listed for $120,000 To schedule a showing of MLS#b1662515 at 505 5th Street in Niagara Falls, NY, contact your Concrete Jungle Realty agent at 3472420937.
Similar Listings Nearby
Courtesy of Iconic Real Estate. 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. 505 5th Street
Niagara Falls, NY