435 3rd St Niagara Falls, NY 14301
East Side NeighborhoodEstimated payment $5,652/month
Highlights
- 0.2 Acre Lot
- Wood Flooring
- Woodwork
- Property is near public transit
- Porch
- Open Patio
About This Home
Exceptional mixed-use property anchored by 8 income-generating residential apartments, complemented by 2 commercial spaces, delivering multiple streams of stable, diversified income. Located just steps from Niagara Falls State Park and the Rainbow Bridge, this high-visibility asset sits in a premier tourist corridor benefiting from over 14 million annual visitors. The residential component is fully leased & well maintained, featuring separate utilities for all units and on-site parking. The unit mix includes one spacious 3-bedroom, 2-bath apartment with historic charm & private entrances; two 2-bedroom units; five 1-bedroom units, offering strong occupancy appeal & consistent rental demand. Units have been updated with modern kitchens, newer appliances (included), fresh paint & laminate flooring. Additional improvements include newer windows and updated sewer lines. The commercial component provides valuable supplemental income and long-term upside. The lower left unit is occupied by an established tenant and features a Pub with indoor seating, outdoor patio, walk-in cooler and dedicated storage. The second commercial unit offers a flexible, large-format layout with multiple access points, including garage-style entry and delivery access, making it attractive for a variety of uses such as retail, gallery, entertainment, or hospitality concepts. This future space is currently leased and is positioned for a museum/lounge concept, highlighting its adaptability & additional income potential. Both commercial units also have all separate utilities and are designed to support steady tenancy in a high-demand tourism & entertainment district, enhancing overall property cash flow and reducing reliance on a single income source. Surrounded by dining, entertainment, public transportation & year-round attractions, this walkable location supports both residential stability & commercial success. Please note that this property may be eligible for a grant of up to 100k from the City of NF & it may be used towards renovation & acquisition. It is reimbursed & 10% must go towards exterior improvements (signage, landscaping, parking lot improvements etc). Also listed under B1670381.
Listing Agent
Listing by Deal Realty, Inc. Brokerage Phone: 716-940-0548 License #10311205717 Listed on: 04/02/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $19,538
Year Built
- Built in 1925
Lot Details
- 8,712 Sq Ft Lot
- Lot Dimensions are 66x132
- Rectangular Lot
Home Design
- Brick Exterior Construction
Interior Spaces
- 8 Bedrooms
- 13,991 Sq Ft Home
- 3-Story Property
- Woodwork
- Ceiling Fan
Kitchen
- Gas Oven
- Gas Range
Flooring
- Wood
- Laminate
- Vinyl
Basement
- Basement Fills Entire Space Under The House
- Sump Pump
Parking
- 3 Parking Spaces
- No Garage
- Driveway
Outdoor Features
- Open Patio
- Porch
Location
- Property is near public transit
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Gas Water Heater
- High Speed Internet
Listing and Financial Details
- Rent includes water
- Tax Lot 4
- Assessor Parcel Number 291100-159-037-0001-004-000
Community Details
Overview
- 8 Units
- Niagara Falls Village Subdivision
Building Details
- 10 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 | $11,922 | $281,600 | $10,900 | $270,700 |
| 2023 | $10,752 | $281,600 | $10,900 | $270,700 |
| 2022 | $5,273 | $281,600 | $10,900 | $270,700 |
| 2021 | $5,272 | $281,600 | $10,900 | $270,700 |
| 2020 | $3,502 | $281,600 | $10,900 | $270,700 |
| 2019 | $3,370 | $281,600 | $10,900 | $270,700 |
| 2018 | $5,180 | $281,600 | $10,900 | $270,700 |
| 2017 | $3,370 | $281,600 | $10,900 | $270,700 |
| 2016 | $6,340 | $281,600 | $10,900 | $270,700 |
| 2015 | -- | $180,000 | $10,900 | $169,100 |
| 2014 | -- | $180,000 | $10,900 | $169,100 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/02/2026 04/02/26 | For Sale | $759,000 | -- | $54 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $5,500 | None Available | |
| Deed | $300,000 | Zabrina Lieberman | |
| Deed | $250,000 | James C Roscetti |
Source: Western New York Real Estate Information Services (WNYREIS)
MLS Number: B1670399
APN: 291100-159-037-0001-004-000
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