628 9th St Niagara Falls, NY 14301
East Side NeighborhoodEstimated payment $9,445/month
Highlights
- 0.5 Acre Lot
- Tile Flooring
- Community Storage Space
- Property is near public transit
- Rectangular Lot
- Heating System Uses Gas
About This Home
Investor Opportunity – 42-Unit Redevelopment in Prime Downtown Niagara Falls628 9th Street, Niagara Falls, NYExceptional opportunity to acquire a 42-unit multifamily asset located in the heart of downtown Niagara Falls. Situated directly across from a major hospital, one block from the courthouse, and minutes from Niagara Falls State Park, this property offers unparalleled proximity to major employers, infrastructure, and one of the world’s top tourist destinations.This partially completed redevelopment project is primed for a new investor to step in and capitalize. All preliminary work has been professionally completed, including:Environmental studyInterior demolition & cleanupRough plumbingThird-party appraisalThis project offers flexibility for a range of investment strategies—long-term rentals, short-term furnished units, or mixed-use potential.Property Highlights:42 unitsPrime downtown location in a high-demand rental corridorStrong tenant base from nearby hospital, courthouse, and tourism industryHigh upside for cash flow and equity growthLimited downtown inventory = competitive advantageIdeal for 1031 exchange or portfolio expansionUnlock substantial value-add potential in one of Western New York’s fastest-growing markets. All the groundwork is done—bring your vision and complete the project.Offered As-Is. Serious Inquiries Only.
Listing Agent
Listing by Pioneer Star Real Estate Inc. License #10311200587 Listed on: 05/27/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,696
Year Built
- Built in 1958
Lot Details
- 0.5 Acre Lot
- Lot Dimensions are 165x132
- Rectangular Lot
Home Design
- Aluminum Siding
Interior Spaces
- 42 Bedrooms
- 31,464 Sq Ft Home
- 3-Story Property
Flooring
- Laminate
- Tile
- Vinyl
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Parking
- 3 Parking Spaces
- No Garage
Location
- Property is near public transit
Utilities
- Heating System Uses Gas
- Water Heater
Listing and Financial Details
- Rent includes water
- Tax Lot 52
- Assessor Parcel Number 291100-159-022-0003-052-000
Community Details
Overview
- 42 Units
- Mile Reserve Subdivision
Amenities
- Community Storage Space
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/27/2025 05/27/25 | For Sale | $1,496,289 | +61.8% | $48 / Sq Ft |
| 07/24/2024 07/24/24 | Sold | $925,000 | -26.0% | $29 / Sq Ft |
| 03/04/2024 03/04/24 | Pending | -- | -- | -- |
| 02/28/2024 02/28/24 | For Sale | $1,249,900 | 0.0% | $40 / Sq Ft |
| 02/16/2024 02/16/24 | Pending | -- | -- | -- |
| 02/03/2024 02/03/24 | For Sale | $1,249,900 | 0.0% | $40 / Sq Ft |
| 01/18/2024 01/18/24 | Pending | -- | -- | -- |
| 12/19/2023 12/19/23 | For Sale | $1,249,900 | 0.0% | $40 / Sq Ft |
| 11/29/2023 11/29/23 | Pending | -- | -- | -- |
| 11/29/2023 11/29/23 | For Sale | $1,249,900 | +35.1% | $40 / Sq Ft |
| 11/24/2023 11/24/23 | Off Market | $925,000 | -- | -- |
| 10/20/2023 10/20/23 | Price Changed | $1,249,900 | -16.7% | $40 / Sq Ft |
| 08/25/2023 08/25/23 | For Sale | $1,499,900 | -- | $48 / Sq Ft |
Source: Western New York Real Estate Information Services (WNYREIS)
MLS Number: B1608001
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