435 3rd Street Niagara Falls, NY 14301

Other MLS #: B1670399 Courtesy Of Deal Realty, Inc

Property InformationDescription

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.

Features

  • Age: Over 50 Years Old
  • Amenities: Porch
  • Amenities: Patio
  • Appliance: GasWaterHeater
  • Appliance: GasOven
  • Appliance: Refrigerator
  • Appliance: GasRange
  • Building Units: 8
  • Cooling System: Central Air
  • Exterior Type: Brick
  • Floor Covering: Vinyl
  • Floor Covering: Laminate
  • Floor Covering: Hardwood
  • Floor Covering: Varies
  • Floors: 3
  • Heating System: Forced Air
  • Heating System: Natural Gas
  • MLSID: B1670399
  • Roof Type: Asphalt
  • Roof Type: Membrane
  • Roof Type: Rubber
  • Rooms: Bedroom 7
  • Rooms: Bedroom 6
  • Rooms: Bedroom 5
  • Rooms: Bedroom 4
  • Rooms: Basement
  • Rooms: Bedroom 8
  • Rooms: Bedroom 3
  • Rooms: Bedroom 2
  • Rooms: Bedroom 1

MAP & DIRECTIONS

Get Directions
435 3rd Street, Niagara Falls, NY 14301
View Directions
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.