1712 Niagara StreetNiagara Falls, NY 14303

Description

1712 Niagara St, Niagara Falls, NY 14303 is a compact single-family investment opportunity in the South End neighborhood, offering strong affordability and redevelopment potential in a tourist-adjacent market. Property Highlights Size & Layout: 858 sq ft, 2 bedrooms, 1 bath (per tax records), built in 1895 with a full basement, hot air/natural gas heat, central air, and vinyl/aluminum exterior. Includes a covered porch and private driveway. Zoning: R3-B Multi-Unit Urban — favorable for potential conversion to multi-family or mixed-use, subject to approvals. Investment ThesisThis is a low-entry-cost fixer-upper or rental play in Niagara Falls, NY, where the broader housing market shows median sale prices around $145k–$170k with homes selling in ~30–35 days. The property sits on a main corridor (Niagara Street) in an area with ongoing revitalization interest, proximity to the Falls tourism economy, medical facilities (e.g., Niagara Falls Memorial Medical Center), and schools. Potential Strategies:Rental Income — Stabilize and rent as a single-family home or explore multi-unit conversion given zoning. Local rental demand supports steady cash flow in a market with positive year-over-year rent growth. Value-Add — Renovate for higher rents or resale; the low basis and assessed value leave room for forced appreciation. Hold/Long-Term — Benefit from regional tourism spillover, infrastructure improvements, and broader Upstate NY market momentum. Risks/Considerations: Older construction (1895) may require updates for code compliance, systems, or lead paint/asbestos. South End is a working-class neighborhood — investor-friendly but check local comps and tenant screening. Taxes and holding costs are modest given the low assessment.Overall: Ideal for cash investors or rehab specialists seeking sub-$100k entry in a market with tourism tailwinds and redevelopment upside. Verify condition via inspection and confirm zoning/multi-unit feasibility with the City of Niagara Falls. Comparable small homes on/near Niagara St trade in the low-to-mid $ range, making this a potential bargain with execution.

Property Information

Property type

Residential

Sub-type

Single Family Residence

Style

CapeCod

Year built

1895

Stories

1

Living area

858 Sq Ft

Lot size

0.04 acres

Lot dimensions

28X60

Days on market

123

MLS^® Listing#

B1691309

Property Features

Interior

Eat-in Kitchen

Appliances

Gas Water Heater · Water Heater

Heating

Natural Gas · Forced Air

Flooring

Varies · Vinyl

Basement

Full

Parking

No Garage · Gravel · Driveway

Lot features

Rectangular Lot

Construction

Vinyl Siding

Foundation

Block

Utilities

Sewer Connected · Water Connected

Water source

Public

Financial Details

Annual taxes

$1,155

Assessed value

$22,900

Parcel number

291100-159-040-0002-021-000