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Investment Highlights

  • Strategic location in Niagara Falls area
  • Zoned Commercial
  • 25,890 SF building

Executive Summary

Exceptional opportunity to acquire a 42-unit multifamily asset located in the heart of downtown Niagara Falls. Situated directly across from a major hospital, one block from the courthouse, and minutes from Niagara Falls State Park, this property offers unparalleled proximity to major employers, infrastructure, and one of the world’s top tourist destinations. This partially completed redevelopment project is primed for a new investor to step in and capitalize. All preliminary work has been professionally completed, including: environmental study, interior demolition & cleanup, rough plumbing. This project offers flexibility for a range of investment strategies—long-term rentals, short-term furnished units, or mixed-use potential. Ideal for 1031 exchange or portfolio expansion Unlock substantial value-add potential in one of Western New York’s fastest-growing markets. All the groundwork is done—bring your vision and complete the project. Offered As-Is. Serious Inquiries Only.

Property Facts

Price $2,104,341 CAD
Price Per Unit $50,103 CAD
Sale Type Investment
No. Units 42
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class C
Lot Size 0.50 AC
Building Size 31,464 SF
Average Occupancy 93%
No. Stories 3
Year Built 1951
Opportunity Zone Yes
Zoning C2-A - a commercial overlay district that allows a wider range of uses than C1 zoning districts

Amenities

Unit Amenities

  • Cable Ready
  • Heating
  • High Speed Internet Access
  • Refrigerator
  • Range

Site Amenities

  • Courtyard
  • Laundry Facilities
  • Security System

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 25 - 560
2+1 13 - 650 - 700
3+1 4 - 720
Moderately walkable
60/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
291100-159-022-0003-052-000
Land Assessment
$61,207 CAD
Improvements Assessment
$219,559 CAD
Total Assessment
$280,766 CAD
  • Listing ID: 41335991

  • Date on Market: 2026-07-17

  • Last Updated:

  • Address: 628 9th St, Niagara Falls, NY 14301

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