Six-Unit Apartment
For Sale
$350,000
616 Chestnut Avenue, Niagara Falls, NY 14305
All-brick apartment property with studio and two-bedroom layouts, separate electric meters, and shared laundry.
Property Size6,480 SF
Price / SF$54.01
Days on Market40
Property Features for 616 Chestnut Avenue
General Information
Standard status
Active
Size
6,480 SF
Property subtype
MultiFamily
Occupancy
100%
Units
Unit Mix
2 x studio, 4 x 2BR
Multifamily Units
6
Amenities
coin-operated laundry
Building Details
Buildings
1
Stories
3
Construction
brick
Tenancy
Multi
Listing Agency:
Keller Williams Realty WNY
(716) 628-5545
Listed By:
Dana Fideli · License #10401268824
(716) 628-5545
Source:
Nicholcityrealty
Added: Jul 24
Changed: Aug 31
Last Checked: Aug 31 at 5:07PM
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 Keller Williams Realty WNY
Investment Insights
Based on property information with market context.
Located at 616 Chestnut Avenue in Niagara Falls, this 6,480-square-foot all-brick apartment building contains six units arranged across three floors, with two apartments on each level. The first floor has two studios, while the upper levels contain four two-bedroom apartments. Units have recently received paint and flooring updates, and the property is fully rented.
Each apartment has a separate electric meter, with tenants responsible for electric service while heat and water are included in rent. Shared coin-operated laundry is provided on the second floor. The property includes a parking area for 6+ cars, along with additional street parking. It is situated in the Deveaux area, minutes from Niagara University, Seneca Niagara Casino, bridges to Canada, and Niagara Gorge walking and biking trails. The building also offers potential for a 7th unit, subject to applicable approvals.
Each apartment has a separate electric meter, with tenants responsible for electric service while heat and water are included in rent. Shared coin-operated laundry is provided on the second floor. The property includes a parking area for 6+ cars, along with additional street parking. It is situated in the Deveaux area, minutes from Niagara University, Seneca Niagara Casino, bridges to Canada, and Niagara Gorge walking and biking trails. The building also offers potential for a 7th unit, subject to applicable approvals.
Key Highlights
- Six apartments across three floors, including two studios and four two‑bedroom units
- 6,480 SF all‑brick apartment building at 616 Chestnut Avenue
- Six separate electric meters; heat and water included in rent
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
216
Businesses Nearby
Explore this area
Business Placement
Demographics for 14305, NY
16,427
Population
8,348
Households
2
Avg Household Size
37
Median Age
25%
College-Educated
92%
High-School Grad
7.8 sq mi
ZIP Area
2,106
Density / Sq Mi
$49,588
Median Household Income
$30,314
Median Earnings
$798
Median Rent
$109,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - All-brick apartment property with studio and two-bedroom layouts, separate electric meters, and shared laundry.
Where is this apartment building located?
The property is located at 616 Chestnut Avenue Niagara Falls, NY.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Six apartments across three floors, including two studios and four two‑bedroom units; 6,480 SF all‑brick apartment building at 616 Chestnut Avenue; Six separate electric meters; heat and water included in rent
