Investor Opportunity – 42-Unit Redevelopment in Prime Downtown Niagara Falls
628 9th Street, Niagara Falls, NY
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
Third-party appraisal
This project offers flexibility for a range of investment strategies—long-term rentals, short-term furnished units, or mixed-use potential.
Property Highlights:
42 units
Prime downtown location in a high-demand rental corridor
Strong tenant base from nearby hospital, courthouse, and tourism industry
High upside for cash flow and equity growth
Limited downtown inventory = competitive advantage
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.
31,464 Sq Ft
0.5 Private Acres Exterior Space
Investment
$13,696 Annual Tax
Built in 1958
MLS/Listing ID B1608001
3 Stories
42 Units
Parking - Threeormore Spaces
Parking - No Garage
Parking - Driveway
Flat
Membrane
Rubber
Construction - Concrete
Construction - Block
Construction - Aluminum Siding
Cooling - Other
Vinyl
Tile
Laminate
Heating - Other
Heating - Gas
Lot - Near Public Transit
Water Heater
Community - Storage Facilities
PUSHPA GUNATILAKE - 716-907-3046
Source of Data: NEW YORK STATE MLS