616 Chestnut Ave Niagara Falls, NY 14305
North End NeighborhoodEstimated payment $2,423/month
Highlights
- Property is near public transit
- Baseboard Heating
- Rectangular Lot
- Cooling System Mounted In Outer Wall Opening
- Coin Laundry
- Carpet
About This Home
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 excellent opportunity for increased cash flow. There is potential for a 7th unit, adding even more value to this income-producing property. 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. 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!!
Listing Agent
Listing by Keller Williams Realty WNY Brokerage Phone: 716-628-5545 License #10401268824 Listed on: 07/06/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,253
Year Built
- Built in 1970
Lot Details
- 6,250 Sq Ft Lot
- Lot Dimensions are 50x125
- Rectangular Lot
Home Design
- Brick Exterior Construction
Interior Spaces
- 4 Bedrooms
- 6,480 Sq Ft Home
- 3-Story Property
Kitchen
- Oven
- Free-Standing Range
Flooring
- Carpet
- Laminate
Laundry
- Dryer
- Washer
Parking
- 1 Parking Space
- No Garage
- Driveway
Location
- Property is near public transit
Utilities
- Cooling System Mounted In Outer Wall Opening
- Heating System Uses Gas
- Baseboard Heating
- Gas Water Heater
Listing and Financial Details
- Tax Lot 21
- Assessor Parcel Number 291100-144-005-0001-021-000
Community Details
Overview
- 6 Units
- Huntington Purchase Subdivision
Additional Features
- Coin Laundry
- 1 Separate Gas Meter
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $7,965 | $90,000 | $4,700 | $85,300 |
| 2024 | $7,965 | $90,000 | $4,700 | $85,300 |
| 2023 | $3,513 | $90,000 | $4,700 | $85,300 |
| 2022 | $2,633 | $90,000 | $4,700 | $85,300 |
| 2021 | $2,632 | $90,000 | $4,700 | $85,300 |
| 2020 | $1,747 | $90,000 | $4,700 | $85,300 |
| 2019 | $1,677 | $90,000 | $4,700 | $85,300 |
| 2018 | $2,586 | $90,000 | $4,700 | $85,300 |
| 2017 | $1,677 | $90,000 | $4,700 | $85,300 |
| 2016 | $3,170 | $90,000 | $4,700 | $85,300 |
| 2015 | -- | $90,000 | $4,700 | $85,300 |
| 2014 | -- | $90,000 | $4,700 | $85,300 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/06/2026 07/06/26 | For Sale | $350,000 | +127.3% | $54 / Sq Ft | |
| 03/08/2016 03/08/16 | Sold | $154,000 | -9.4% | $24 / Sq Ft | View Prior Sale |
| 11/27/2015 11/27/15 | Pending | -- | -- | -- | |
| 06/22/2015 06/22/15 | For Sale | $170,000 | -- | $26 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $185,000 | Ken Redding | |
| Deed | $90,000 | David G Boniello | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $400,000 | New Conventional | |
| Closed | $148,000 | Commercial |
Source: Western New York Real Estate Information Services (WNYREIS)
MLS Number: B1692496
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