- Overview
- Description
- Property Details
- Location
- Facts & Features
- Getting Around
- Nearby Homes
Street View
$299,900
Monthly Est:$1,493
4 Beds
-- Bath
6,480sqft
616 Chestnut Ave, Niagara Falls, NY 14305
$299,900
$1,493/moEst:
Get Pre-Approved
Multi Family
Built in 1970
$-- HOA
0.14 acre lot
$46/sq.ft
Description
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!!
- Houzeo last checked: 12 hours ago
- Listing updated: August 20, 2026 at 5:25 pm
- Listing Provided by: Dana Fideli (716) 628-5545 DRE #10401268824 | Keller Williams Realty WNY (716) 832-3300
- Source: New York State Alliance of MLSs, Buffalo-NY | MLS#: B1692496
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
3
County
City
Neighborhood
--
Year Built
1970
HOA Fees
-
Finished Area
6,480 sqft
Lot Size
0.14 acre lot
Basement Area
- sqft
MLS Name
New York State Alliance of MLSs, Buffalo
MLS Number
B1692496
MLS Status
Active
Days on Market
96
Continue Your Journey in App
Find your dream home, receive real-time updates, and many more!
Download App
Continue Your Journey in App
Find your dream home, receive real-time updates, and many more!
Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 4
Bathroom: --
Interior
Cooling
Wall Units
Exterior Features
Concrete Driveway
Sewer
Connected
Appliances
Dryer, Free Standing Range, Gas Water Heater, Oven, Refrigerator, Washer
Flooring
Carpet, Laminate, Varies
Heating
Gas, Baseboard
Construction
Year Built
Year Built: 1970
Home type
Multi Family
Roof
Shingle
Construction Materials
Brick
Property Condition
Resale
Utilities & Energy
Electric
Circuit Breakers
Water Source
Connected, Public
Parking Features
One Space, Driveway, No Garage
Basement
None
Utilities
Sewer Connected, Water Connected
Laundry Features
Common Area, Coin Operated
Other Features
Community Features
Laundry Facilities
Subdivision Name
Huntington Purchase
Lot Features
Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Price History
| Date | Event | Price |
|---|---|---|
08/20/2026 Source: | Off Market | $299,900 -14.31% $46/sqft |
07/06/2026 Source: | Listed for Sale | $350,000 +16.71% $54/sqft |
07/06/2026 Source: | Price Increased | $299,900 +76.41% $46/sqft |
03/09/2016 Source: | Sold | $170,000 +10.39% $26/sqft |
03/09/2016 Source: | Price Decreased | $154,000 -9.41% $24/sqft |
Show more
Nearby Homes
Find Homes by Property Features in Niagara Falls, NY
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.
Advertising Broker: Derek Greene | The Greene Realty Group