# 616 Chestnut Avenue, Niagara Falls, NY 14305 > **TL;DR:** 4bd/0ba residential multi family, $299,900 ($46/sqft), built 1970, 6,480 sqft. > A/C. Est. $1,603/mo. Listed 113 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $299,900 | | Price/sqft | $46 | | Bedrooms | 4 | | Square Feet | 6,480 | | Year Built | 1970 | | Lot Size | 6,251 sqft (0.14 acres) | | Stories | 3 | | Property Type | Residential Multi Family (Other) | | Status | Active | | Days on Market | 113 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $1,516 | | Estimated Insurance | $87 | | **Total** | **$1,603** | ## Key Amenities - A/C ## Property Highlights - Built in 1970 - 0.14 acre lot - 3 stories ## Description ### Agent Description ATTENTION INVESTORS!!! Rare investment opportunity in the highly desirable Deveaux area of Niagara Falls. This well-maintained, fully rented, 6-unit apartment building offers immediate cash flow with significant upside potential. The all-brick building features six apartments spread over three floors, with two units on each level. The first floor includes two studio apartments, while the upper floors offer four spacious two-bedroom units. The units have been recently painted and feature newer flooring, making them attractive to tenants. Six separate electric meters allow tenants to pay their own electric, while heat and water are included in the rent. Shared coin-operated laundry on the second floor generates additional income. Current rents are below market value, providing an excellent opportunity for increased cash flow. There is potential for a 7th unit, adding even more value to this income-producing property. Ideally located just minutes from Niagara University, Seneca Niagara Casino, Bridges to Canada, and the breathtaking Niagara Gorge with miles of scenic walking and biking trails. A large 6+ car parking area, along with additional street parking, provides ample convenience for tenants. Whether you're looking to expand your investment portfolio or capitalize on a value-add opportunity, this property offers location, income, and tremendous future potential. This one won't last long!! ## Location - **Address:** 616 Chestnut Avenue, Niagara Falls, NY 14305 - **County:** Niagara - **Neighborhood:** Huntington Purchase - **Coordinates:** 43.115452, -79.057221 - **Google Maps:** https://www.google.com/maps?q=43.115452,-79.057221 ## Listing Agent - **Name:** Dana Fideli · **License:** 10401268824 - **Brokerage:** Keller Williams Realty Buffalo Northtowns - **Broker Phone:** (716) 832-3300 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/616-Chestnut-Ave_Niagara-Falls_NY_14305_M31891-27630?f=listhub&s=BNARNY&m=B1692496&c=propsimple) ## Photos ![616 Chestnut Avenue - Photo 1](http://lh.rdcpix.com/ad664a806d5dd79fa7f6e1e8a5ebb1f6l-f2561604765r.jpg) ![616 Chestnut Avenue - Photo 2](http://lh.rdcpix.com/ad664a806d5dd79fa7f6e1e8a5ebb1f6l-f1888756077r.jpg) ![616 Chestnut Avenue - Photo 3](http://lh.rdcpix.com/ad664a806d5dd79fa7f6e1e8a5ebb1f6l-f2795472491r.jpg) ![616 Chestnut Avenue - Photo 4](http://lh.rdcpix.com/ad664a806d5dd79fa7f6e1e8a5ebb1f6l-f3530660459r.jpg) ![616 Chestnut Avenue - Photo 5](http://lh.rdcpix.com/ad664a806d5dd79fa7f6e1e8a5ebb1f6l-f1574544468r.jpg) ![616 Chestnut Avenue - Photo 6](http://lh.rdcpix.com/ad664a806d5dd79fa7f6e1e8a5ebb1f6l-f307262178r.jpg) ![616 Chestnut Avenue - Photo 7](http://lh.rdcpix.com/ad664a806d5dd79fa7f6e1e8a5ebb1f6l-f3223267820r.jpg) ![616 Chestnut Avenue - Photo 8](http://lh.rdcpix.com/ad664a806d5dd79fa7f6e1e8a5ebb1f6l-f3166740360r.jpg) ![616 Chestnut Avenue - Photo 9](http://lh.rdcpix.com/ad664a806d5dd79fa7f6e1e8a5ebb1f6l-f3343276283r.jpg) ![616 Chestnut Avenue - Photo 10](http://lh.rdcpix.com/ad664a806d5dd79fa7f6e1e8a5ebb1f6l-f274312878r.jpg) ![616 Chestnut Avenue - Photo 11](http://lh.rdcpix.com/ad664a806d5dd79fa7f6e1e8a5ebb1f6l-f3422606775r.jpg) ![616 Chestnut Avenue - Photo 12](http://lh.rdcpix.com/ad664a806d5dd79fa7f6e1e8a5ebb1f6l-f473202236r.jpg) ![616 Chestnut Avenue - Photo 13](http://lh.rdcpix.com/ad664a806d5dd79fa7f6e1e8a5ebb1f6l-f3247116113r.jpg) ![616 Chestnut Avenue - Photo 14](http://lh.rdcpix.com/ad664a806d5dd79fa7f6e1e8a5ebb1f6l-f1489526479r.jpg) ![616 Chestnut Avenue - Photo 15](http://lh.rdcpix.com/ad664a806d5dd79fa7f6e1e8a5ebb1f6l-f1740645068r.jpg) ![616 Chestnut Avenue - Photo 16](http://lh.rdcpix.com/ad664a806d5dd79fa7f6e1e8a5ebb1f6l-f1982202881r.jpg) ![616 Chestnut Avenue - Photo 17](http://lh.rdcpix.com/ad664a806d5dd79fa7f6e1e8a5ebb1f6l-f3136207136r.jpg) ![616 Chestnut Avenue - Photo 18](http://lh.rdcpix.com/ad664a806d5dd79fa7f6e1e8a5ebb1f6l-f1116284564r.jpg) ![616 Chestnut Avenue - Photo 19](http://lh.rdcpix.com/ad664a806d5dd79fa7f6e1e8a5ebb1f6l-f992548421r.jpg) ![616 Chestnut Avenue - Photo 20](http://lh.rdcpix.com/ad664a806d5dd79fa7f6e1e8a5ebb1f6l-f3596640368r.jpg) ![616 Chestnut Avenue - Photo 21](http://lh.rdcpix.com/ad664a806d5dd79fa7f6e1e8a5ebb1f6l-f212590741r.jpg) ![616 Chestnut Avenue - Photo 22](http://lh.rdcpix.com/ad664a806d5dd79fa7f6e1e8a5ebb1f6l-f4062473564r.jpg) ![616 Chestnut Avenue - Photo 23](http://lh.rdcpix.com/ad664a806d5dd79fa7f6e1e8a5ebb1f6l-f813579089r.jpg) ![616 Chestnut Avenue - Photo 24](http://lh.rdcpix.com/ad664a806d5dd79fa7f6e1e8a5ebb1f6l-f3040937512r.jpg) ![616 Chestnut Avenue - Photo 25](http://lh.rdcpix.com/ad664a806d5dd79fa7f6e1e8a5ebb1f6l-f783100669r.jpg) ![616 Chestnut Avenue - Photo 26](http://lh.rdcpix.com/ad664a806d5dd79fa7f6e1e8a5ebb1f6l-f465701435r.jpg) ![616 Chestnut Avenue - Photo 27](http://lh.rdcpix.com/ad664a806d5dd79fa7f6e1e8a5ebb1f6l-f949837126r.jpg) ![616 Chestnut Avenue - Photo 28](http://lh.rdcpix.com/ad664a806d5dd79fa7f6e1e8a5ebb1f6l-f1258094925r.jpg) ![616 Chestnut Avenue - Photo 29](http://lh.rdcpix.com/ad664a806d5dd79fa7f6e1e8a5ebb1f6l-f1335329106r.jpg) ![616 Chestnut Avenue - Photo 30](http://lh.rdcpix.com/ad664a806d5dd79fa7f6e1e8a5ebb1f6l-f967246416r.jpg) ![616 Chestnut Avenue - Photo 31](http://lh.rdcpix.com/ad664a806d5dd79fa7f6e1e8a5ebb1f6l-f44021553r.jpg) ![616 Chestnut Avenue - Photo 32](http://lh.rdcpix.com/ad664a806d5dd79fa7f6e1e8a5ebb1f6l-f12530570r.jpg) ![616 Chestnut Avenue - Photo 33](http://lh.rdcpix.com/ad664a806d5dd79fa7f6e1e8a5ebb1f6l-f4151014951r.jpg) ![616 Chestnut Avenue - Photo 34](http://lh.rdcpix.com/ad664a806d5dd79fa7f6e1e8a5ebb1f6l-f2061267227r.jpg) ![616 Chestnut Avenue - Photo 35](http://lh.rdcpix.com/ad664a806d5dd79fa7f6e1e8a5ebb1f6l-f2666560875r.jpg) ![616 Chestnut Avenue - Photo 36](http://lh.rdcpix.com/ad664a806d5dd79fa7f6e1e8a5ebb1f6l-f3569257866r.jpg) ![616 Chestnut Avenue - Photo 37](http://lh.rdcpix.com/ad664a806d5dd79fa7f6e1e8a5ebb1f6l-f2948168061r.jpg) ![616 Chestnut Avenue - Photo 38](http://lh.rdcpix.com/ad664a806d5dd79fa7f6e1e8a5ebb1f6l-f1661829614r.jpg) ![616 Chestnut Avenue - Photo 39](http://lh.rdcpix.com/ad664a806d5dd79fa7f6e1e8a5ebb1f6l-f1244501416r.jpg) ![616 Chestnut Avenue - Photo 40](http://lh.rdcpix.com/ad664a806d5dd79fa7f6e1e8a5ebb1f6l-f2941517772r.jpg) ![616 Chestnut Avenue - Photo 41](http://lh.rdcpix.com/ad664a806d5dd79fa7f6e1e8a5ebb1f6l-f4250717160r.jpg) ![616 Chestnut Avenue - Photo 42](http://lh.rdcpix.com/ad664a806d5dd79fa7f6e1e8a5ebb1f6l-f3322464131r.jpg) ![616 Chestnut Avenue - Photo 43](http://lh.rdcpix.com/ad664a806d5dd79fa7f6e1e8a5ebb1f6l-f1285003020r.jpg) ![616 Chestnut Avenue - Photo 44](http://lh.rdcpix.com/ad664a806d5dd79fa7f6e1e8a5ebb1f6l-f3547939623r.jpg) ![616 Chestnut Avenue - Photo 45](http://lh.rdcpix.com/ad664a806d5dd79fa7f6e1e8a5ebb1f6l-f2070039102r.jpg) ![616 Chestnut Avenue - Photo 46](http://lh.rdcpix.com/ad664a806d5dd79fa7f6e1e8a5ebb1f6l-f1437662427r.jpg) ![616 Chestnut Avenue - Photo 47](http://lh.rdcpix.com/ad664a806d5dd79fa7f6e1e8a5ebb1f6l-f425160579r.jpg) ![616 Chestnut Avenue - Photo 48](http://lh.rdcpix.com/ad664a806d5dd79fa7f6e1e8a5ebb1f6l-f2862972417r.jpg) ![616 Chestnut Avenue - Photo 49](http://lh.rdcpix.com/ad664a806d5dd79fa7f6e1e8a5ebb1f6l-f4045601103r.jpg) ![616 Chestnut Avenue - Photo 50](http://lh.rdcpix.com/ad664a806d5dd79fa7f6e1e8a5ebb1f6l-f3126123538r.jpg) --- **MLS#:** B1692496 | **Updated:** 2026-10-24 **Source:** listhub *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.* [View on PropertySimple](https://staging.propertysimple.ai/listing/616-chestnut-avenue-niagara-falls-ny-14305-617d4b554aef4dd6885696bfb62caeda) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/616-chestnut-avenue-niagara-falls-ny-14305-617d4b554aef4dd6885696bfb62caeda#listing", "url": "https://staging.propertysimple.ai/listing/616-chestnut-avenue-niagara-falls-ny-14305-617d4b554aef4dd6885696bfb62caeda", "name": "616 Chestnut Avenue, Niagara Falls, NY 14305", "description": "ATTENTION INVESTORS!!! Rare investment opportunity in the highly desirable Deveaux area of Niagara Falls. This well-maintained, fully rented, 6-unit apartment building offers immediate cash flow with significant upside potential. The all-brick building features six apartments spread over three floors, with two units on each level. The first floor includes two studio apartments, while the upper floors offer four spacious two-bedroom units. The units have been recently painted and feature newer flooring, making them attractive to tenants. Six separate electric meters allow tenants to pay their own electric, while heat and water are included in the rent. Shared coin-operated laundry on the second floor generates additional income. Current rents are below market value, providing an excellent opportunity for increased cash flow. There is potential for a 7th unit, adding even more value to this income-producing property. Ideally located just minutes from Niagara University, Seneca Niagara Casino, Bridges to Canada, and the breathtaking Niagara Gorge with miles of scenic walking and biking trails. A large 6+ car parking area, along with additional street parking, provides ample convenience for tenants. 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