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Street View
$154,900
Monthly Est:$771
5 Beds
4 Baths4 full baths
2,839sqft
368 Spruce Ave, Niagara Falls, NY 14301
$154,900
$771/moEst:
Get Pre-Approved
Multi Family
Built in 1920
$-- HOA
0.26 acre lot
$55/sq.ft
Description
Unlock Incredible Cash Flow at 368 Spruce Ave! Whether you are a seasoned investor looking for your next "cash cow" or a first-time buyer wanting to live for free while tenants pay your mortgage, this versatile multi-unit property in the heart of Niagara Falls is a must-see. Located within the coveted Niagara Falls short-term rental (Airbnb) zone, this property offers an elite opportunity to tap into the city’s thriving tourism market. Nature lovers and fitness enthusiasts will also appreciate being just a very short walk to the scenic Niagara Gorge bike path.
The building currently features a high-demand layout consisting of two spacious 2-bedroom units and one 1-bedroom unit. Investor's take note: Unit 1 offers an incredible "value-add" opportunity, as it can easily be converted into two separate 1-bedroom units to maximize your door count and monthly rental yield. The property has been thoughtfully maintained, featuring a brand-new boiler system, ensuring lower maintenance costs for years to come. With nearly all units delivered vacant, you have the rare advantage of setting your own market rents from day one or moving into your preferred suite immediately. Situated on a generous lot with a 1-car garage and carport. Boasting natural woodwork and a solid foundation with high ceilings, this property is perfectly positioned to be a top-performer in your portfolio. Don't miss this chance to own a high-cap rate asset in an area of steady demand.
- Houzeo last checked: 12 hours ago
- Listing updated: July 24, 2026 at 12:36 pm
- Listing Provided by: Marcy Dexheimer Wangelin (716) 940-2591 DRE #10301217624, James Wangelin (716) 903-3198 DRE #10301224073 | eXp Realty (888) 276-0630
- Source: New York State Alliance of MLSs, Buffalo-NY | MLS#: B1675266
Part of
Property Details
Status
Pending
Type
Multi Family
No. of Stories
1
County
City
Neighborhood
--
Year Built
1920
HOA Fees
-
Finished Area
2,839 sqft
Lot Size
0.26 acre lot
Basement Area
- sqft
MLS Name
New York State Alliance of MLSs, Buffalo
MLS Number
B1675266
MLS Status
Pending
Days on Market
172
Cumulative Days on Market
93
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 5
Bathrooms: 4
Interior
Appliances
Gas Water Heater
Sewer
Connected
Flooring
Carpet, Hardwood, Tile, Varies, Vinyl
Heating
Gas, Radiant
Construction
Year Built
Year Built: 1920
Home type
Multi Family
Property Condition
Resale
Construction Materials
Cedar, Frame, Stone
Utilities & Energy
Parking Features
Concrete, Two Or More Spaces
Utilities
Sewer Connected, Water Connected
Basement
Full
Water Source
Connected, Public
Other Features
Lot Features
Rectangular, Rectangular Lot, Residential Lot
Subdivision Name
Mile Reserve Niagara Fall
Price History
| Date | Event | Price |
|---|---|---|
07/24/2026 Source: | Off Market | $154,900 $55/sqft |
07/24/2026 Source: | Pending | $154,900 $55/sqft |
04/21/2026 Source: | Listed for Sale | $154,900 -3.13% $55/sqft |
04/21/2026 Source: | Price Increased | $159,900 +14.22% $56/sqft |
12/15/2020 Source: | Sold | $139,999 +32.07% $49/sqft |
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Based on data from the New York State Alliance of MLSs (CNYIS, Inc., UNYREIS and WNYREIS) through Sep 30, 2026, 03:45PM.. All information is provided exclusively for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable by is not guaranteed accurate by the MLS. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. All information provided is deemed reliable but is not guaranteed and should be independently verified. © 2026 the New York State Alliance of MLSs. All Rights Reserved.
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