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616 Chestnut Avenue, Niagara Falls, NY 14305

Niagara Falls
Local realty services provided by:CENTURY 21 North East
616 Chestnut Avenue,Niagara Falls, NY 14305
$350,000
  • 4 Beds
  • - Baths
  • 6,480 sq. ft.
  • Multi-family
  • Active
Listed by: dana fideli
Office: keller williams realty wny
MLS#:B1692496
Source:NY_GENRIS

Price summary

  • Price:$350,000
  • Price per sq. ft.:$54.01

About this home

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...

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Home facts

  • Year built:1970
  • Listing ID #:B1692496
  • Added:15 day(s) ago
  • Updated:July 21, 2026 at 02:40 PM

Rooms and interior

  • Bedrooms:4
  • Flooring:Carpet, Laminate, Varies
  • Kitchen Description:Oven, Refrigerator
  • Basement:Yes
  • Living area:6,480 sq. ft.

Heating and cooling

  • Cooling:Wall Units
  • Heating:Baseboard, Gas

Structure and exterior

  • Roof:Shingle
  • Year built:1970
  • Building area:6,480 sq. ft.
  • Lot area:0.14 Acres
  • Lot Features:Near Public Transit, Rectangular, Residential Lot
  • Construction Materials:Brick
  • Levels:3 Stories

Utilities

  • Water:Connected, Public, Water Connected
  • Sewer:Connected, Sewer Connected

Finances and disclosures

  • Price:$350,000
  • Price per sq. ft.:$54.01
  • Tax amount:$6,253

Features and amenities

  • Appliances:Dryer, Free Standing Range, Oven, Refrigerator, Washer
  • Laundry features:Common Area, Dryer, Washer

Parking

  • Parking description:Driveway, No Garage, One Space

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