565 7th Street Niagara Falls, NY $ 950,000
565 7th Street
$ 950,000
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565 7th Street

Niagara Falls, NY, 14301
$ 950,000
Bedrooms12 Baths12.0 Sq 15,608

Monthly Estimate*

$ 5,998

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Multi-Family Home for sale in Niagara Falls, NY

for $950,000 with 12 bedrooms and 12 full baths. This 15,608 square foot home was built in 1924 on a lot size of 0.1857.

A truly unique opportunity to own a substantial, architecturally distinctive 12-unit property ideally positioned in the heart of Niagara Falls. Built in 1924, this impressive property reflects the craftsmanship, scale & architectural character of an era when buildings were constructed to make a statement & much of that original grandeur has been preserved. The current owner has thoughtfully invested in the property, updating kitchens & bathrooms throughout to give the building a fresh, modern look while retaining the character & charm that made this property so distinctive. The result is a rare combination of historic architectural appeal & modern income producing potential. The location is exceptionally attractive for both residential & investment purposes. The property is within walking distance of the Seneca Niagara Resort & Casino & Niagara Falls Memorial Medical Center , two major downtown employment centers. The casino currently employs thousands of people throughout its operations, while Memorial Medical Center is a major healthcare institution serving the region. Just minutes from the Rainbow Bridge to Canada, Niagara Falls State Park, the Niagara River, downtown entertainment, restaurants, shopping & other major attractions, the property sits in an area that benefits from both year round employment & international tourism economy. Niagara Falls continues to be a major destination attracting visitors from around the world, creating a unique environment for investors seeking multiple sources of rental demand. This is more than an apartment building it is an opportunity to acquire a substantial piece of Niagara Falls history while positioning yourself for the future. The combination of 12 two (2) bedroom units, historic architecture, recent interior improvements, strong location, employment centers & proximity to one of the world's most recognized tourist destinations creates tremendous potential for an investor looking to establish or expand a portfolio. The real opportunity here is the income growth potential this property offers an investor the ability to increase rental income over time & building equity, this is a property worth serious consideration.

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Multi-Family Active

Price

$ 950,000

Bedrooms

12

Full Bath

12

Property Type

Multi-Family

Taxes

$ 9,216

Style

Lot Size

0.1857

Year Built

1924

Town/City

Niagara Falls

County/Region

Niagara

MLS | Web ID

B1715125

Features
General
Sewer Connected
Heating Gas Radiators
Utilities SewerConnected WaterConnected
Possession SubjectToTenantRights
Roof Asphalt Shingle Slate Tile
Appliances ExhaustFan GasWaterHeater RangeHood
Construction Materials Brick Stucco
School District Niagara Falls
Year Built 1924
Stories Count 3
Township Not Applicable
Property Subtype Other
Gross Income 129600.0
Community Features LaundryFacilities
County Niagara
Net Operating Income 113454.0
Operating Expense 6930.0
Property Type MultiFamily
Subdivision Name City/Niagara Falls
Rent Includes Heat HotWater TrashCollection Water
Status Active
Directions Near the Casino Memorial hospital and Rainbow Bridge to Canada on the corner of 7th and Walnut Ave.
High School Niagara Falls High
City Niagara Falls
Senior Community Y/N No
High School District Niagara Falls
Number Of Units Total 12
MLS Area Niagara Falls-City-291100
Lot Size Units Acres
Lot Size Square Feet 8088.0
Year Built Details Existing
Tax Annual Amount 9216.0
Property Condition Resale
Standard Status Active
Middle/Junior School District Niagara Falls
Elementary School District Niagara Falls
Tax Assessed Value 120000
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 25
Property Sub Type Additional Other
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Interior
Basement Full
Flooring Hardwood Varies Vinyl
Total Fireplaces 0
Total Stories 3
Basement (Y/N) Yes
Heating Y/N Yes
Fireplace Y/N No
Laundry Features CoinOperated
Total Bedrooms 12
Main Level Bathrooms 0
Total Baths 0
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Exterior
Exterior Amenities BlacktopDriveway ConcreteDriveway
Parking Features ThreeOrMoreSpaces Driveway
Lot Features NearPublicTransit Rectangular RectangularLot ResidentialLot
Water Source Connected Public
Lot Size Area 0.1857
Building Area Total 15608.0
Lot Dimensions 99X81
Lot Size Acres 0.1857
Waterfront Y/N No
Road Frontage Type CityStreet
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Internal Only
Street Number 1 565
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* Excluded Features
List By
Howard Hanna Wny Inc.

Broker

(716) 691-5800

Phone

Affordability Calculator

$6,766
Per Month
89%
11%
0%
Monthly Principal & Interest
$5,998
Monthly Property Taxes
$768
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
248245 Elementary School
248084 Middle School
Niagara Falls High High School
Pricing History
DatePricePrice ChangeDescription
9/16/2026$950,000 Listed Price

Map


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565 7th Street, Niagara Falls, NY, 14301 is a Multi-Family Home for sale at $950,000 with 15,608 sqft and a lot size of 0.1857. 565 7th Street has 12 bedrooms, 12.0 baths, and was built in 1924. The property's zip code is 14301 which is in Niagara Falls, NY