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575 MADISON AVENUE, NEW YORK, NY 10022. 212.891.7000 © 2025 DOUGLAS ELLIMAN REAL ESTATE. EQUAL EMPLOYMENT OPPORTUNITY PROVIDER. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES, OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS, AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT, OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.LISTING DATA REFRESHED ON JUN 29 2025 AT 8:23 AM.

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628 9th St

niagara falls, NY 14301

$1,496,289

  • 42 BR
    APPROX. 31,464 SF

INTERESTED? LET'S CONNECT

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.

Details

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

Amenities & Features

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

NYS

Source of Data: NEW YORK STATE MLS

Interested in 628 9th St?