Active
616 Chestnut Avenue, Niagara Falls NY 14305
MLS# B1692496
$350,000
Price
4
Beds
-
Baths
6,480
Living Area (Sq.Ft.)
0.144
Lot Area (Acres)
$350,000
Price
4
Beds
-
Baths
6,480
Living Area (Sq.Ft.)
0.144
Lot Area (Acres)
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. <br> <br>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. <br> <br>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. <br> <br>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. <br> <br>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!!
Status
Active
Property Type
MultiFamily
Property Sub Type
Other
Year Built
1970
Parcel Number
291100-144-005-0001-021-000
Unit Number
--
Subdivision Name
Huntington Purchase
Lot Features
Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Lot Size Dimensions
50X125
Stories
3
Community Features
LaundryFacilities
Property Condition
Resale
Elementary School District
Niagara Falls
Middle Or Junior School District
Niagara Falls
High School District
Niagara Falls
Location
Listing Agent
Dana Fideli
Listing Office
Keller Williams Realty WNY
Owner Name
--
Owner Phone
--
Possession
CloseOfEscrow
Special Listing Conditions
Standard
Listing Terms
Cash, Conventional
Listing Agreement
ExclusiveRightToSell
Listing Contract Date
2026-07-06
Owner Pays
Heat, Water
Rent Includes
Heat, Water
Fire Places Total
0
Flooring
Carpet, Laminate, Varies
Laundry Features
Common Area, Coin Operated
Cooling
true
Cooling Features
WallUnits
Heating
true
Heating Features
Gas, Baseboard
Appliances
Dryer, Free Standing Range, Gas Water Heater, Oven, Refrigerator, Washer
Electric
Circuit Breakers
Garage
false
Garage Spaces
0
Exterior Features
Concrete Driveway
Water Source
Connected, Public
Sewer
Connected
Roof
Shingle
Utilities
Sewer Connected, Water Connected
Parking Features
One Space, Driveway, No Garage
Basement
None
Construction Materials
Brick
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.
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.