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.
For sale
$1,496,289
628 9th St, Niagara Falls, NY 14301
42beds
0baths
31,464sqft
Multi Family
Built in 1958
-- sqft lot
$-- Zestimate®
$48/sqft
$-- HOA
What's special
Prime downtown location
- 17 days
- on Zillow |
- 581 |
- 41 |
Zillow last checked: 7 hours ago
Listing updated: May 28, 2025 at 07:23am
Listing by:
Pioneer Star Real Estate Inc. 716-689-7250,
Pushpa Gunatilake 716-907-3046,
Sugath S Liyanage 716-348-8953,
Pioneer Star Real Estate Inc.
Source: NYSAMLSs,MLS#: B1608001
Originating MLS: Buffalo

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 42
- Bathrooms: 0
Heating
- Gas, Other, See Remarks
Cooling
- Other, See Remarks
Appliances
- Included: See Remarks, Water Heater
Features
- Flooring: Laminate, Other, See Remarks, Tile, Varies, Vinyl
- Basement: Full,Walk-Out Access
- Has fireplace: No
Interior area
- Total structure area: 31,464
- Total interior livable area: 31,464 sqft
Property
Parking
- Parking features: Three or more Spaces, Driveway, No Garage
Features
- Stories: 3
- Exterior features: See Remarks
Lot
- Size: 0.5 Acres
- Dimensions: 165 x 132
- Features: Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Details
- Parcel number: 2911001590220003052000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Aluminum Siding, Block, Concrete
- Roof: Flat,Membrane,Rubber
Condition
- Resale
- Year built: 1958
Utilities & green energy
- Sewer: Connected
- Water: Connected, Public
- Utilities for property: Sewer Connected, Water Connected
Community & HOA
Community
- Features: Other, Storage Facilities, See Remarks
- Subdivision: Mile Reserve
Location
- Region: Niagara Falls
Financial & listing details
- Price per square foot: $48/sqft
- Tax assessed value: $200,000
- Annual tax amount: $13,696
- Date on market: 5/27/2025
- Listing terms: Cash,Other,Rehab Financing,See Remarks
- Tenant pays: All Utilities
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