616 Chestnut Avenue
Niagara Falls, NY 14305
4
Bed
0
Bath
6,480Sqft
0.14Acre(Lot)
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 excel
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 4Room Information
Basement: None -
Flooring Information
Carpet, Laminate, Varies -
Roofing Information
Shingle -
Interior Features
Roof: Shingle Appliances: Dryer, Free-Standing Range, Gas Water Heater, Oven, Refrigerator, Washer, Water Heater Laundry Features: Common Area -
Heating & Cooling
Has Heating: Yes Heating: Natural Gas, Baseboard Has Cooling: Yes Cooling: Wall Unit(s)
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Building Information
Year Built: 1970 Building Area Total: 6480 Construction Materials: Brick Stories: 3 Private Pool: No
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Lot Information
Lot Dimensions: 50X125 Main Square Feet: 0.1435 Acres Lot Size Acres: 0.1435 Lot Size Square Feet: 6250 Lot Description: Near Public Transit, Rectangular LotProperty Information
Subdivision: Huntington Purchase Source Property Type: Residential Income Property SubType: Multi Family Property Age: 56
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Listing Price Information
Listing Price: $350000 Cash, Conventional
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Tax Information
Parcel Number: 291100-144-005-0001-021-000 Tax Lot: 21 Annual Tax: $6253
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Parking Information
Driveway, No Garage, Concrete
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Utility Information
Sewer Connected, Water Connected -
Location Information
Direction: Located between Lewiston Rd and Whirlpool St WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1720 Hyde Park Boulevard, Niagara Falls, NY, 14305 | $119,900 | 4 | 3 | 2,000 | 2,000 SqFt |
| 1890 Linwood Avenue, Niagara Falls, NY, 14305 | $105,000 | 5 | 3 | 2,160 | 2,160 SqFt |
| 1841 Michigan Avenue, Niagara Falls, NY, 14305 | $109,900 | 4 | 2 | 1,804 | 1,804 SqFt |
| 1817 Ontario Avenue, Niagara Falls, NY, 14305 | $199,900 | 4 | 2 | 1,848 | 1,848 SqFt |
| 1507 17th Street, Niagara Falls, NY, 14305 | $83,000 | 2 | 2 | 1,696 | 1,696 SqFt |
| 1648 Cleveland Avenue, Niagara Falls, NY, 14305 | $111,888 | 4 | 2 | 1,356 | 1,356 SqFt |
| 1618 16th Street, Niagara Falls, NY, 14305 | $139,900 | 5 | 2 | 1,864 | 1,864 SqFt |
| 1148 Niagara Avenue, Niagara Falls, NY, 14305 | $90,000 | 6 | 3 | 2,324 | 2,324 SqFt |
| 1121 Linwood Avenue, Niagara Falls, NY, 14305 | $99,900 | 4 | 2 | 1,936 | 1,936 SqFt |
| 1101 South Avenue, Niagara Falls, NY, 14305 | $99,000 | 4 | 2 | 2,094 | 2,094 SqFt |
Similar Multifamily To 616 Chestnut Avenue
Nearby For Sale
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ByOwner last updated this listing 07/10/2026 @ 17:48
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