About 435 3rd Street
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 of 435 3rd Street
| MLS® # | B1670399 |
|---|---|
| Price | $699,000 |
| Bedrooms | 8 |
| Bathrooms | 0.00 |
| Square Footage | 13,991 |
| Square Footage | 8712 |
| Acres | 0.20 |
| Year Built | 1925 |
| Type | Multi Family |
| Sub-Type | Commercial |
| Status | Active |
Community Information
| Address | 435 3rd Street |
|---|---|
| Area | Niagara Falls-City |
| Subdivision | Niagara Falls Village |
| City | Niagara Falls |
| County | Niagara |
| State | NY |
| Zip Code | 14301 |
Amenities
| Utilities | Electricity Connected, High Speed Internet Available, Sewer Connected, Water Connected, Water |
|---|---|
| Features | Near Public Transit, Rectangular, Rectangular Lot |
| Parking | Three or more Spaces, Driveway, No Garage |
| Garages | Three or more Spaces, Driveway, No Garage |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Hardwood, Laminate, Varies, Vinyl |
|---|---|
| Interior Features | Ceiling Fan(s), Natural Woodwork |
| Appliances | Gas Oven, Gas Range, Gas Water Heater, Refrigerator |
| Heating | Gas, Forced Air |
| Cooling | Central Air |
| Fireplace | No |
| # of Stories | 3 |
| Stories | 3 |
| Has Basement | Yes |
| Basement | Full, Sump Pump |
Exterior
| Exterior | Brick |
|---|---|
| Exterior Features | Patio, See Remarks |
| Lot Description | Near Public Transit, Rectangular, Rectangular Lot |
| Roof | Asphalt, Membrane, Rubber |
| Construction | Brick |
School Information
| District | Niagara Falls |
|---|
Additional Information
| Short Sale | No |
|---|---|
| RE / Bank Owned | No |
Listing Details
| Office | Deal Realty, Inc. |
|---|---|
| Contact Info | 716-940-0548 |