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368 Spruce Avenue, 
Niagara Falls, NY 14301

$154,900


5

Beds


4

Baths


2,839

Sq Ft


Multi-Family

Active

Listed by

Marcy Dexheimer Wangelin

James Wangelin

eXp Realty

888-276-0630

Last updated:

May 30, 2026, 02:54 PM

MLS#

B1675266

Source:

NY GENRIS

About This Home

368 Spruce Avenue

Unlock Incredible Cash Flow at 368 Spruce Ave! Whether you are a seasoned investor looking for your next "cash cow" or a first-time buyer wanting to live for free while tenants pay your mortgage, this versatile multi-unit property in the heart of Niagara Falls is a must-see. Located within the coveted Niagara Falls short-term rental (Airbnb) zone, this property offers an elite opportunity to tap into the city’s thriving tourism market. Nature lovers and fitness enthusiasts will also appreciate being just a very short walk to the scenic Niagara Gorge bike path. The building currently features a high-demand layout consisting of two spacious 2-bedroom units and one 1-bedroom unit. Investor's take note: Unit 1 offers an incredible "value-add" opportunity, as it can easily be converted into two separate 1-bedroom units to maximize your door count and monthly rental yield. The property has been thoughtfully maintained, featuring a brand-new boiler system, ensuring lower maintenance costs for years to come. With nearly all units delivered vacant, you have the rare advantage of setting your own market rents from day one or moving into your preferred suite immediately. Situated on a generous lot with a 1-car garage and carport. Boasting natural woodwork and a solid foundation with high ceilings, this property is perfectly positioned to be a top-performer in your portfolio. Don't miss this chance to own a high-cap rate asset in an area of steady demand.

Home Facts

Multi-Family

4 Baths

5 Bedrooms

Built in 1920

Price Summary

154,900

$54 per Sq. Ft.

MLS #:

B1675266

Last Updated:

May 30, 2026, 02:54 PM

Added:

a month ago


Rooms & Interior

Bedrooms

Total Bedrooms:

5

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4

Interior

Living Area:

2,839 Sq. Ft.


Structure

Structure

Building Area:

2,839 Sq. Ft.

Year Built:

1920


Lot

Lot Size (Sq. Ft):

11,477


Finances & Disclosures

Finances

Price:

$154,900

Price per Sq. Ft:

$54 per Sq. Ft.

Source:NY GENRIS
The information being provided by New York State Alliance Of Mlss is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 New York State Alliance Of Mlss All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.