435 3rd Street, Niagara Falls, NY 14301
Local realty services provided by:CENTURY 21 North East
435 3rd Street,Niagara Falls, NY 14301
$699,000
- 8 Beds
- - Baths
- 13,991 sq. ft.
- Multi-family
- Active
Listed by: cheryl deal
Office: deal realty, inc.
MLS#:B1670399
Source:NY_GENRIS
Price summary
- Price:$699,000
- Price per sq. ft.:$49.96
About this home
Exceptional mixed-use property anchored by 8 income-generating residential apartments, complemented by 2 commercial spaces, delivering multiple streams of stable, diversified income. Located just steps from Niagara Falls State Park and the Rainbow Bridge, this high-visibility asset sits in a premier tourist corridor benefiting from over 14 million annual visitors. The residential component is fully leased & well maintained, featuring separate utilities for all units and on-site parking. The unit mix includes one spacious 3-bedroom, 2-bath apartment with historic charm & private entrances; two 2-bedroom units; five 1-bedroom units, offering strong occupancy appeal & consistent rental demand. Units have been updated with modern kitchens, newer appliances (included), fresh paint & laminate flooring. Additional improvements include newer windows and updated sewer lines. The commercial component provides valuable supplemental income and long-term upside. The lower left unit is occupied by an established tenant and features a Pub with indoor seating, outdoor patio, walk-in cooler and dedicated storage. The second commercial unit offers a flexible, large-format layout with multiple access points, including garage-style entry and delivery access, making it attractive for a variety of uses such as retail, gallery, entertainment, or hospitality concepts. This future space is currently leased and is positioned for a museum/lounge concept, highlighting its adaptability & additional income potential. Both commercial units also have all separate utilities and are designed to support steady tenancy in a high-demand tourism & entertainment district, enhancing overall property cash flow and reducing reliance on a single income source. Surrounded by dining, entertainment, public transportation & year-round attractions, this walkable location supports both residential stability & commercial success. Please note that this property may be eligible for a grant of up to 100k from the City of NF & it may be used towards renovation & acquisition. It is reimbursed & 10% must go towards exterior improvements (signage, landscaping, parking lot improvements etc). Also listed under B1670381....
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Home facts
- Year built:1925
- Subdivision & Development:Niagara Falls Village
- Listing ID #:B1670399
- Added:204 day(s) ago
- Updated:October 23, 2026 at 03:18 PM
Rooms and interior
- Bedrooms:8
- Flooring:Hardwood, Laminate, Varies, Vinyl
- Kitchen Description:Refrigerator
- Basement:Yes
- Basement Description:Full, Sump Pump
- Living area:13,991 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air, Gas
- Central air:Yes
Structure and exterior
- Roof:Asphalt, Membrane, Rubber
- Year built:1925
- Building area:13,991 sq. ft.
- Lot area:0.2 Acres
- Lot Features:Near Public Transit, Rectangular
- Construction Materials:Brick
- Exterior Features:Open, Patio, Porch
- Levels:3 Stories
Utilities
- Water:Connected, Public, Water Connected
- Sewer:Connected, Sewer Connected
Finances and disclosures
- Price:$699,000
- Price per sq. ft.:$49.96
- Tax amount:$19,538
Features and amenities
- Appliances:Gas Range, Refrigerator
Parking
- Parking description:Driveway, No Garage
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