2877 Niagara St Buffalo, NY 14207
Old Town NeighborhoodEstimated payment $2,268/month
Highlights
- Property is near public transit
- Forced Air Heating System
- 4-minute walk to Old Town Park
- Wood Flooring
- Rectangular Lot
About This Home
This rare waterfront property combines residential comfort with commercial potential in one versatile package. The mixed-use layout includes three units: a street-level space zoned for business plus two residential apartments. You can choose to live upstairs while operating your own business on the first floor, or lease out all three units for steady income. Currently, the first-floor commercial unit is leased at $1,550/month through May 2026, providing immediate cash flow. The upper rear residential unit is also tenant-occupied at $800/month with a lease through May 2026. The additional upper-level unit offers flexibility for an owner-occupant or additional rental income (estimated rental rate $1100/mo).
Recent improvements add peace of mind, including a brand-new roof installed in March 2024 with a transferable 15-year warranty, along with two additional gas meters added the same year. Entrepreneurs will appreciate the opportunity to establish a business in a high-visibility location, while investors can take advantage of the flexible rental income stream. Whether you’re looking for a place to live, invest, or work, this property offers endless possibilities along one of the most desirable stretches of waterfront in Niagara. Cross listed as Commercial - B1636557
Listing Agent
Listing by Red Door Real Estate WNY LLC Brokerage Phone: 716-866-8361 License #10491202951 Listed on: 09/08/2025
Co-Listing Agent
Listing by Red Door Real Estate WNY LLC Brokerage Phone: 716-866-8361 License #10301215533
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,267
Year Built
- Built in 1920
Lot Details
- 6,757 Sq Ft Lot
- Lot Dimensions are 33x204
- Rectangular Lot
Parking
- 2 Parking Spaces
Home Design
- Brick Exterior Construction
- Stone Foundation
- Vinyl Siding
Interior Spaces
- 5,425 Sq Ft Home
- 2-Story Property
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Carpet
- Ceramic Tile
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Full Bathrooms
Location
- Property is near public transit
Utilities
- Forced Air Heating System
- Heating System Uses Gas
- Gas Water Heater
Listing and Financial Details
- Tax Lot 9
- Assessor Parcel Number 146489-077-310-0006-009-000
Community Details
Overview
- 3 Units
- Mile Reserve Subdivision
Building Details
- 3 Separate Gas Meters
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $8,638 | $68,000 | $6,700 | $61,300 |
| 2023 | $8,483 | $68,000 | $6,700 | $61,300 |
| 2022 | $8,013 | $68,000 | $6,700 | $61,300 |
| 2021 | $7,985 | $68,000 | $6,700 | $61,300 |
| 2020 | $12,729 | $68,000 | $6,700 | $61,300 |
| 2019 | $13,648 | $68,000 | $6,700 | $61,300 |
| 2018 | $7,572 | $68,000 | $6,700 | $61,300 |
| 2017 | $7,720 | $68,000 | $6,700 | $61,300 |
| 2016 | $11,686 | $68,000 | $6,700 | $61,300 |
| 2015 | -- | $68,000 | $6,700 | $61,300 |
| 2014 | -- | $68,000 | $6,700 | $61,300 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/23/2025 11/23/25 | For Rent | $1,250 | 0.0% | -- |
| 11/10/2025 11/10/25 | For Sale | $299,900 | 0.0% | $55 / Sq Ft |
| 11/08/2025 11/08/25 | Off Market | $299,900 | -- | -- |
| 09/08/2025 09/08/25 | For Sale | $299,900 | -- | $55 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $200,000 | None Available | |
| Warranty Deed | $200,000 | None Available | |
| Warranty Deed | $200,000 | None Available | |
| Warranty Deed | $200,000 | None Available | |
| Fiduciary Deed | $80,000 | None Available | |
| Fiduciary Deed | $80,000 | None Available | |
| Fiduciary Deed | $80,000 | None Available | |
| Interfamily Deed Transfer | $25,000 | -- | |
| Interfamily Deed Transfer | $25,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $85,000 | Seller Take Back | |
| Previous Owner | $60,000 | New Conventional |
Source: Western New York Real Estate Information Services (WNYREIS)
MLS Number: B1633332
APN: 146489-077-310-0006-009-000
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