Niagara Falls Multi-Unit
For Sale
$154,900
Pending
368 Spruce Ave, Niagara Falls, NY 14301
Multi-unit property in Niagara Falls short-term rental zone.
Property Size2,839 SF
Days on Market110
Property Features for 368 Spruce Ave
General Information
Standard status
Pending
Size
2,839 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$1,687
Building Details
Building Size
2,839 SF
Year Built
1920
Stories
1
Units
3
Listing Agency:
eXp Realty
(716) 903-3198
Listed By:
James Wangelin
(716) 903-3198
Source:
Elliman
Added: Apr 22
Changed: Aug 8
Last Checked: Aug 8 at 1:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty
Investment Insights
Based on property information with market context.
Located in the heart of Niagara Falls, this multi-unit property presents a versatile investment opportunity. Situated within the Niagara Falls short-term rental zone, the property is positioned to capitalize on the city’s tourism market. The building features a layout consisting of two 2-bedroom units and one 1-bedroom unit. Unit 1 offers a value-add opportunity, as it can be converted into two separate 1-bedroom units. The property has been maintained and features a new boiler system. The units are delivered vacant, allowing for setting market rents. Situated on a generous lot with a 1-car garage and carport, the property also features natural woodwork and a solid foundation with high ceilings. The property is located a short walk to the Niagara Gorge bike path. The bike score is 49, making it somewhat bikeable, the walk score is 60, making it somewhat walkable, and the transit score is 30, indicating some transit options.
Key Highlights
- Located in the Niagara Falls Airbnb zone, offering significant income potential.
- Multi‑unit property featuring two 2‑bedroom units and one 1‑bedroom unit, a high‑demand layout.
- Unit 1 can be converted into two separate 1‑bedroom units, increasing rental income.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
985
Businesses Nearby
Explore this area
Business Placement
Demographics for 14301, NY
12,618
Population
7,285
Households
1.7
Avg Household Size
38
Median Age
18%
College-Educated
85%
High-School Grad
2.1 sq mi
ZIP Area
6,009
Density / Sq Mi
$37,650
Median Household Income
$32,909
Median Earnings
$722
Median Rent
$79,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Multi-unit property in Niagara Falls short-term rental zone.
Where is this multifamily property located?
The property is located at 368 Spruce Ave Niagara Falls, NY.
What is the asking price?
The asking price for this property is $154,900.
What are key features of this property?
This property features: Located in the Niagara Falls Airbnb zone, offering significant income potential.; Multi‑unit property featuring two 2‑bedroom units and one 1‑bedroom unit, a high‑demand layout.; Unit 1 can be converted into two separate 1‑bedroom units, increasing rental income.
