435 3rd ST, Niagara Falls, NY 14301
435 3rd ST, Niagara Falls, NY 14301
435 3rd ST, Niagara Falls, NY 14301
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KW Upstate New York Properties

KW Upstate New York Properties

+1(607) 431-2540
$759,000
Est. payment /mo
8 Beds
13,991 SqFt
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Key Details

Property Type Multi-Family, Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 13,991 sqft

Price per Sqft $54

Subdivision Niagara Falls Village

MLS Listing ID B1670399

Bedrooms 8

Construction Status Existing

HOA Y/N No

Year Built 1925

Annual Tax Amount $19,538

Lot Size 8,712 Sqft

Acres 0.2

Lot Dimensions 66X132

Property Sub-Type Commercial

Property Description

Exceptional mixed-use property anchored by 8 income-generating residential apartments, complemented by 2 commercial spaces, delivering multiple streams of stable, diversified income. Located just steps from Niagara Falls State Park and the Rainbow Bridge, this high-visibility asset sits in a premier tourist corridor benefiting from over 14 million annual visitors. The residential component is fully leased & well maintained, featuring separate utilities for all units and on-site parking. The unit mix includes one spacious 3-bedroom, 2-bath apartment with historic charm & private entrances; two 2-bedroom units; five 1-bedroom units, offering strong occupancy appeal & consistent rental demand. Units have been updated with modern kitchens, newer appliances (included), fresh paint & laminate flooring. Additional improvements include newer windows and updated sewer lines. The commercial component provides valuable supplemental income and long-term upside. The lower left unit is occupied by an established tenant and features a Pub with indoor seating, outdoor patio, walk-in cooler and dedicated storage. The second commercial unit offers a flexible, large-format layout with multiple access points, including garage-style entry and delivery access, making it attractive for a variety of uses such as retail, gallery, entertainment, or hospitality concepts. This future space is currently leased and is positioned for a museum/lounge concept, highlighting its adaptability & additional income potential. Both commercial units also have all separate utilities and are designed to support steady tenancy in a high-demand tourism & entertainment district, enhancing overall property cash flow and reducing reliance on a single income source. Surrounded by dining, entertainment, public transportation & year-round attractions, this walkable location supports both residential stability & commercial success. Please note that this property may be eligible for a grant of up to 100k from the City of NF & it may be used towards renovation & acquisition. It is reimbursed & 10% must go towards exterior improvements (signage, landscaping, parking lot improvements etc). Also listed under B1670381.

Location

State NY

County Niagara

Community Niagara Falls Village

Area Niagara Falls-City-291100

Direction Niagara Scenic Parkway to Whirlpool St turns into Third Street.

Rooms

Basement Full, Sump Pump

Interior

Interior Features Ceiling Fan(s), Natural Woodwork

Heating Gas, Forced Air

Cooling Central Air

Flooring Hardwood, Laminate, Varies, Vinyl

Fireplace No

Appliance Gas Oven, Gas Range, Gas Water Heater, Refrigerator

Exterior

Exterior Feature Patio, See Remarks

Community Features Other, See Remarks

Utilities Available Electricity Connected, High Speed Internet Available, Sewer Connected, Water Connected

Roof Type Asphalt,Membrane,Rubber

Porch Open, Patio, Porch

Garage No

Building

Lot Description Near Public Transit, Rectangular, Rectangular Lot

Story 3

Sewer Connected

Water Connected, Public

Structure Type Brick

Construction Status Existing

Schools

School District Niagara Falls

Others

Senior Community No

Tax ID 291100-159-037-0001-004-000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Listed by Deal Realty, Inc. 716-940-0548

NEARBY SCHOOL & BUSINESS

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KW Upstate New York Properties

KW Upstate New York Properties

+1(607) 431-2540

Broker | License ID: 10991215115

Broker License ID: 10991215115

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