Active
565 7th Street, Niagara Falls NY 14301
MLS# B1715125
$950,000
Price
12
Beds
-
Baths
15,608
Living Area (Sq.Ft.)
0.186
Lot Area (Acres)
$950,000
Price
12
Beds
-
Baths
15,608
Living Area (Sq.Ft.)
0.186
Lot Area (Acres)
A truly unique opportunity to own a substantial, architecturally distinctive 12-unit property ideally positioned in the heart of Niagara Falls. Built in 1924, this impressive property reflects the craftsmanship, scale & architectural character of an era when buildings were constructed to make a statement & much of that original grandeur has been preserved. The current owner has thoughtfully invested in the property, updating kitchens & bathrooms throughout to give the building a fresh, modern look while retaining the character & charm that made this property so distinctive. The result is a rare combination of historic architectural appeal & modern income producing potential. The location is exceptionally attractive for both residential & investment purposes. The property is within walking distance of the Seneca Niagara Resort & Casino & Niagara Falls Memorial Medical Center , two major downtown employment centers. The casino currently employs thousands of people throughout its operations, while Memorial Medical Center is a major healthcare institution serving the region. Just minutes from the Rainbow Bridge to Canada, Niagara Falls State Park, the Niagara River, downtown entertainment, restaurants, shopping & other major attractions, the property sits in an area that benefits from both year round employment & international tourism economy. Niagara Falls continues to be a major destination attracting visitors from around the world, creating a unique environment for investors seeking multiple sources of rental demand. This is more than an apartment building it is an opportunity to acquire a substantial piece of Niagara Falls history while positioning yourself for the future. The combination of 12 two (2) bedroom units, historic architecture, recent interior improvements, strong location, employment centers & proximity to one of the world's most recognized tourist destinations creates tremendous potential for an investor looking to establish or expand a portfolio. The real opportunity here is the income growth potential this property offers an investor the ability to increase rental income over time & building equity, this is a property worth serious consideration.
Status
Active
Property Type
MultiFamily
Property Sub Type
Other
Year Built
1924
Parcel Number
291100-159-022-0002-025-000
Unit Number
--
Subdivision Name
City/Niagara Falls
Lot Features
Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Lot Size Dimensions
99X81
Stories
3
Community Features
LaundryFacilities
Property Condition
Resale
Elementary School District
Niagara Falls
Middle Or Junior School District
Niagara Falls
High School
Niagara Falls High
High School District
Niagara Falls
Location
Listing Agent
Louis S Rizzo
Listing Office
Howard Hanna WNY Inc.
Owner Name
--
Owner Phone
--
Possession
SubjectToTenantRights
Special Listing Conditions
Standard
Listing Terms
Cash, Conventional
Listing Agreement
ExclusiveRightToSell
Listing Contract Date
2026-09-16
Owner Pays
Heat, Hot Water, Trash Collection, Water
Rent Includes
Heat, Hot Water, Trash Collection, Water
Gross Income
129600
Net Operating Income
113454
Fire Places Total
0
Flooring
Hardwood, Varies, Vinyl
Laundry Features
Coin Operated
Heating
true
Heating Features
Gas, Radiators
Appliances
Exhaust Fan, Gas Water Heater, Range Hood
Garage
--
Garage Spaces
--
Exterior Features
Blacktop Driveway, Concrete Driveway
Water Source
Connected, Public
Sewer
Connected
Roof
Asphalt, Shingle, Slate, Tile
Utilities
Sewer Connected, Water Connected
Parking Features
Three Or More Spaces, Driveway
Basement
Full
Construction Materials
Brick, Stucco
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated .
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Listed By
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated .
Digital Millennium Copyright Act (DMCA) Notice
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA"), provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices and counter-notices should be sent in writing by mail to DMCA Designated Agent.
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and e-mail address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.