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368 Spruce Avenue

Niagara Falls, NY 14301
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Bed 5

Bed

Bath 4

Bath

SqFt2,839

Sqft

Acres0.26

Acre(Lot)

Unlock Incredible Cash Flow at 368 Spruce Ave! Whether you are a seasoned investor looking for your next "cash cow" or a first-time buyer wanting to live for free while tenants pay your mortgage, this versatile multi-unit property in the heart of Niagara Falls is a must-see. Located within the coveted Niagara Falls short-term rental (Airbnb) zone, this property offers an elite opportunity to tap into the city’s thriving tourism market. Nature lovers and fitness enthusiasts will also appreciate being just a very short walk to the scenic Niagara Gorge bike path. The building currently features a high-demand layout consisting of two spacious 2-bedroom units and one 1-bedroom unit. Investor's take note: Unit 1 offers an incredible "value-add" opportunity, as it can easily be converted into two separate 1-bedroom units to maximize your door count and monthly rental yield. The property has been thoughtfully maintained, featuring a brand-new boiler system, ensuring lower maintenance costs for years to come. With nearly all units delivered vacant, you have the rare advantage of setting your own market rents from day one or moving into your preferred suite immediately. Situated on a generous lot with a 1-car garage and carport. Boasting natural woodwork and a solid foundation with high ceilings, this property is perfectly positioned to be a top-performer in your portfolio. Don't miss this chance to own a high-cap rate asset in an area of steady demand.

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Detail Ic Property Details

Property Type : Residential

Price : $154,900

AD Id : 79047793

MLS Id : B1675266

Beds : 5

Lot Size : 0.26 Acre

Living Area Size : 2,839

Year Built : 1920

Garage : 1

County : Niagara

Subdivision: Bayside At Waterman's

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Feature Features

  • Bedroom Information

    Total beds: 5

    Bathroom Information

    Total Baths: 4 Full Baths: 4

    Room Information

    Has Basement: Yes Basement: Full
  • Flooring Information

    Carpet, Hardwood, Tile, Varies, Vinyl
  • Interior Features

    Appliances: Gas Water Heater, Water Heater
  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas, Radiant

  • Building Information

    Year Built: 1920 Building Area Total: 2839 Construction Materials: Cedar, Frame, Stone Stories: 1 Private Pool: No

  • Lot Information

    Lot Dimensions: 75X153 Main Square Feet: 0.2635 Acres Lot Size Acres: 0.2635 Lot Size Square Feet: 11477 Lot Description: Rectangular Lot

    Property Information

    Subdivision: Mile Reserve Niagara Fall Source Property Type: Residential Property SubType: Multi Family Levels: One Property Age: 106

  • Listing Price Information

    Listing Price: $154900 Original Price: $159900 Cash, Conventional

  • Tax Information

    Parcel Number: 291100-144-069-0002-030-001 Tax Lot: 30 Annual Tax: $1335

  • Parking Information

    Concrete

    Garage Information

    Has Garage: Yes Garage Space: 1

  • Utility Information

    Sewer Connected, Water Connected
  • Location Information

    Direction: take main st to Spruce Ave WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
536 26th Street, Niagara Falls, NY, 14301 $189,900 4 2 2,016 2,016 SqFt
543 25th Street, Niagara Falls, NY, 14301 $79,900 4 2 2,016 2,016 SqFt
2511 Pine Avenue, Niagara Falls, NY, 14301 $219,000 3 -- 4,822 4,822 SqFt
2510 Pine Avenue, Niagara Falls, NY, 14301 $324,000 4 -- 5,160 5,160 SqFt
2501 Pine Avenue, Niagara Falls, NY, 14301 $350,000 3 2 4,175 4,175 SqFt
551 22nd Street, Niagara Falls, NY, 14301 $325,000 6 2 2,443 2,443 SqFt
2240 La Salle Avenue, Niagara Falls, NY, 14301 $149,900 5 2 2,650 2,650 SqFt
816 22nd Street, Niagara Falls, NY, 14301 $184,900 4 2 2,330 2,330 SqFt
2204 La Salle Avenue, Niagara Falls, NY, 14301 $199,900 6 2 2,340 2,340 SqFt
545 20th Street, Niagara Falls, NY, 14301 $89,999 4 3 1,380 1,380 SqFt

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the New York State Alliance MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than ByOwner, are indicated by detailed information about them such as the name of the listing firms. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor ByOwner shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Copyright ©2026 New York State Alliance and participating MLS's - CNYIS, UNYREIS and WNYREIS. All Rights Reserved.

ByOwner last updated this listing 06/11/2026 @ 15:24

MLS: B1675266 LISTED BY: Marcy Dexheimer Wangelin, eXp Realty 888-276-0630 SOURCE: Western New York Real Estate Information Services (WNYREIS)

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