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Six-Unit Brick Apartment Building
For Sale
$299,900

616 Chestnut Avenue, Niagara Falls, NY 14305

MultiFamily, Niagara Falls, NY

Property Size6,480 SF
Lot Size0.14 Acres
Price / SF$46.28
Days on Market48

Property Features for 616 Chestnut Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 4
Rooms Bedroom 1, Bedroom 3, Bedroom 2, Bedroom 4
Parking features Driveway, Garage
Exterior features ConcreteDriveway
Appliances Dryer, FreeStandingRange, GasWaterHeater, Oven, Refrigerator, Washer
Subdivision Huntington Purchase
Lot features Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Elementary school district Niagara Falls
Middle school district Niagara Falls
High school district Niagara Falls
Directions Located between Lewiston Rd and Whirlpool St
Standard status Active
APN 291100-144-005-0001-021-000
Size 6,480 SF
Lot size 0.14 Acres

Taxes and HOA fees

Tax Annual Amount 6253

Utilities

Heating system Natural Gas, Baseboard
Cooling system Wall Unit(s)
Water source Public

Amenities

coin-operated laundry

Building Details

Year built 1970
Floors in Building 3
Number of units 6
Flooring type Varies, Carpet, Laminate
Building materials Brick
Roof type Shingle
Listing Agency: Keller Williams Realty WNY
Listed By: Dana Fideli · License #10401268824
Added: Jul 6 Changed: Aug 20 Last Checked: Aug 21 at 11:06PM
MLS# B1692496

Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 6,480-square-foot apartment building at 616 Chestnut Avenue contains six residences arranged across three floors. The first level has two studio apartments, while the second and third floors each include two two-bedroom units. The brick structure was built in 1970 and features varied flooring, including carpet and laminate, along with baseboard heating, natural gas service, wall-unit cooling, and a shingle roof.

Each apartment is served by a separate electric meter, with heat and water included in the rent. Shared coin-operated laundry is located on the second floor. The property includes a concrete driveway, garage parking, and a large 6+ car parking area, with additional street parking available. Public water serves the building. Niagara University, Seneca Niagara Casino, bridges to Canada, and the Niagara Gorge are located minutes away.

Key Highlights

  • 6,480‑square‑foot apartment building with six units across three floors
  • Unit mix includes two studios and four two‑bedroom apartments
  • Six separate electric meters; heat and water included in rent

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Hair Salon Spa & Massage Center Nail Salon Law Firm HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

216
Businesses Nearby

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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Three-story brick property with studio and two-bedroom apartment layouts.
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 $299,900.
What are key features of this property?
This property features: 6,480‑square‑foot apartment building with six units across three floors; Unit mix includes two studios and four two‑bedroom apartments; Six separate electric meters; heat and water included in rent
More about this property
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