For Sale

Listed by Dana Fideli from KELLER WILLIAMS REALTY WNY

Source: Western New York Real Estate Information Service #B1692496

616 Chestnut Ave, Niagara Falls, NY, 14305

$350,000

4
6480 sq. ft.
6250 sq. ft.

MultiFam

22 days on the market

What's around 616 Chestnut Ave

About this property

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!!

Looking for more information on 616 Chestnut Ave?

Explore comparables, sales history and growth for this property.
Learn more

Similar properties for sale nearby

For Sale
$99,000
1101 South Ave
Niagara Falls NY 14305
4
2
1
Multi-Family
Listing courtesy of Heritage Property Source
For Sale
$119,900
1720 Hyde Park Boulevard
Niagara Falls NY 14305
4
3
2
Multi-Family
Listing courtesy of Hunt Real Estate ERA
Pending
$99,900
1655 South Avenue
Niagara Falls NY 14305
4
2
Multi-Family
Listing courtesy of Red Door Real Estate WNY LLC

Other properties for sale by KELLER WILLIAMS REALTY WNY

For Sale
$19,900
83 Shumway St
Buffalo NY 14206
Land
Listing courtesy of KELLER WILLIAMS REALTY WNY
For Sale
$139,000
VL Ridge Road West
Murray NY 14477
Rural
Listing courtesy of KELLER WILLIAMS REALTY WNY
For Sale
$350,000
3201 Palmer Road
Wilson NY 14131
3
2
2
Single-Family
Listing courtesy of KELLER WILLIAMS REALTY WNY

Browse properties sold in nearby areas

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the New York State Alliance MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than KELLER WILLIAMS REALTY WNY, are indicated by detailed information about them such as the name of the listing firms. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor KELLER WILLIAMS REALTY WNY shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Copyright © 2026 New York State Alliance and participating MLS's - CNYIS, UNYREIS and WNYREIS. All Rights Reserved.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under MLS GRID IDX Rules Updated September 16, 2024 7 U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to: dmca@ratemyagent.com

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Email
© 2026 RateMyAgent