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. There is a current accepted offer that can be cancelled unilaterally by the seller if there is a satisfactory offer.
Property Details
Price:
$1,430,000
MLS #:
B1635438
Status:
Active
Beds:
42
Baths:
0
Type:
Single Family
Subtype:
Other
Subdivision:
Mile Reserve
Neighborhood:
niagarafallscity291100
Listed Date:
Sep 10, 2025
Finished Sq Ft:
31,464
Total Sq Ft:
31,464
Lot Size:
21,780 sqft / 0.50 acres (approx)
Year Built:
1958
See this Listing
Schools
School District:
Niagara Falls
Interior
Appliances
Gas Water Heater
Cooling
Other, See Remarks
Flooring
Other, See Remarks, Tile, Varies, Vinyl
Heating
Other, See Remarks
Exterior
Community Features
Other, Storage Facilities, See Remarks
Construction Materials
Block, Concrete
Parking Features
Driveway, No Garage
Roof
Flat, Membrane, Rubber
Financial
Taxes
$13,696
Map
Community
- Address628 9th Street Niagara Falls NY
- SubdivisionMile Reserve
- CityNiagara Falls
- CountyNiagara
- Zip Code14301
Subdivisions in Niagara Falls
- 104th Street
- Bellevue
- Bellievue
- Buffalo Ave & Sub
- Building
- Chapin Place
- Church Ave
- City/Niagara Falls
- Clarksville
- College Croft
- College-Croft
- Cudaback & Cary
- Eighty 01 Street
- Fort Ave
- Frontenac Street
- Green Mdws 02
- Grove Ave
- Heirs/A Agustus Porter Sh
- Henry T Allen
- Highland Add
- Holland Companys Purchase
- Holland Land Co
- Holland Land Co Purchase
- Holland Land Companys Pur
- Holland Land Companys Sru
- Holland Land Purchase
- Holland Land Purchase 228
- Holland Land Purchase Sub
- Holland Lane Purchase
- Holland Purchase
- Holland Purchase/In/Niag
- Hyde Park
- Hyde Park Blvd
- J Schiebels
- Jewett Add
- Julius Frehsee
- Julius Frehsee Ce
- Laffl
- Lands/Civic Land Corp C
- Lasalle Ave
- Map Prepared Warner Altma
- Map/Bldgs Lts
- Max M Oppenheim
- Mayle Acres Rev
- Mckoon Add
- Mile Reservation
- Mile Reserve
- Mile Reserve I
- Mile Reserve Subdivided
- New York Mile Reserve
- New York State Mile Reser
- New York State Reservatio
- Niagara Falls
- Niagara River Reservation
- Niagara View
- Niagara View Add
- Parkway Condo
- Part/46 Mile Reservation
- Part/City/Niagara Falls
- Portage Heights
- Prepared Warner Bros & Sc
- Property Robinson Land Co
- Property/Maria V Tompkins
- Property/W J Robido & D W
- Re Sub/Bldg/80 01 Street
- Riverpark Condo
- Riverview
- Sec 144
- Sec 160
- Section 14455
- Section 14475
- Section 14481
- Section 15921
- Section 15926
- Section 15931
- Section 15949
- Steadman Farm
- Steadman Farms
- Stedman Farm
- Stedman Farm 03 Prcl D
- Stedman Farm Prcl D 03
- Stedman Farm Prcl D-3
- Stedman Farm Pt 03
- Stedman Farm Resub
- Studman Farm
- Suspension
- Thomas E Clarks Prop
- Townsands Niagara Falls R
- Township 13
- Tronolone Place
- U S Department/Labor
- Uriah Binkley Estate
- Village/Bellvue
- Village/Clarksville
- Village/Niagara Falls
- Ward 12 Pro 1657
- Wc Johnson
Market Summary
Current real estate data for Single Family in Niagara Falls as of Feb 06, 2026
153
Single Family Listed
110
Avg DOM
98
Avg $ / SqFt
$143,949
Avg List Price
Property Summary
- Located in the Mile Reserve subdivision, 628 9th Street Niagara Falls NY is a Single Family for sale in Niagara Falls, NY, 14301. It is listed for $1,430,000 and features 42 beds, 0 baths, and has approximately 31,464 square feet of living space, and was originally constructed in 1958. The current price per square foot is $45. The average price per square foot for Single Family listings in Niagara Falls is $98. The average listing price for Single Family in Niagara Falls is $143,949.
Similar Listings Nearby
Courtesy of Pioneer Star Real Estate Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the New York State Alliance of MLSs. Detailed information about real estate listings held by brokerage firms other than Michael Paduano include the name of the listing broker. Neither the listing company nor Michael Paduano shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. New York State Alliance of MLSs. All rights reserved. 628 9th Street
Niagara Falls, NY
