City/Niagara Falls Homes under $200,000

City/Niagara Falls Homes under $200,000

Welcome to the vibrant community of Niagara Falls, NY, where the natural beauty of the iconic waterfalls meets the charm of suburban living. Nestled in the heart of Niagara County, this picturesque city offers a unique blend of adventure, culture, and affordability, making it an ideal place to call home.

For those seeking their dream home without breaking the bank, Niagara Falls boasts an impressive selection of properties priced under $200,000. This affordability opens the door to a variety of options, from cozy bungalows to spacious family homes, perfect for first-time buyers, growing families, or anyone looking to invest in a thriving community.

Imagine waking up each morning just minutes away from the breathtaking views of the Niagara Falls State Park. Here, you can explore scenic trails, enjoy picnics by the river, or take in the awe-inspiring sights of the falls themselves. The city is also rich in history and culture, with local museums, art galleries, and community events that foster a close-knit atmosphere.

In addition to its natural wonders, Niagara Falls offers convenient access to shopping, dining, and entertainment. With a diverse array of restaurants and shops, you’ll find everything you need just a stone's throw away. The local schools are highly regarded, making this area a fantastic choice for families.

Discover the charm and affordability of Niagara Falls today, where your perfect home awaits at an unbeatable price. Embrace the lifestyle you’ve always dreamed of in this enchanting city!

Newest City/Niagara Falls Homes under $200,000

469 5th Street, Niagara Falls
$189,900
4 Beds ⋅ 2 Baths ⋅ B1716141 MLS
4 Bed Room 2 Story Full Brick home 1 block from the Casino, walking distance to the Falls, located in desirable Air B&B location.Living Room, Dining Room, Natural Wood Work, Enclosed front porch,

469 5th Street, Niagara Falls
2494 Grand Avenue, Niagara Falls
$159,900
4 Beds ⋅ 2 Baths ⋅ B1714361 MLS
Welcome to 2494 Grand Ave, a well-maintained 2-unit home in a desirable Niagara Falls location. Each unit offers 2 bedrooms, an eat-in kitchen, and formal living and dining rooms. Both units feature newer furnaces (2025/2026). The basement offers plenty of space for storage, along with laundry hookups. The property also features off-street parking for 2 cars, covered porches, and a partially fenced yard. The roof is approximately 8 years old. Conveniently located near shopping, dining, and entertainment. Great opportunity for investors or owner-occupants.

2494 Grand Avenue, Niagara Falls
1511 Cleveland Avenue, Niagara Falls
$130,000
4 Beds ⋅ 2 Baths ⋅ B1708260 MLS
Investment opportunity with income + Short-Term AirBnB rental potential! Welcome to 1511 Cleveland Ave, a fantastic income-producing property located in the City of Niagara Falls just a short drive the State Park & Canada! This is the type of property investors have been looking for a property with long term tenants already in place providing immediate rental income combined with the potential to take advantage of Niagara Falls' booming tourism market. Whether you're and experienced investor looking to expand your portfolio or a first-time buyer looking for a property where the rental income can help offset your ownership cost, this property deserves your attention! The ability to own a property with established long-term rental income while having the potential to explore future short-term rental possibilities. 9.4 million visitors come to Niagara Falls every year creating an enormous & continually renewing customer base for short-term rental. Own where tourist come! Even more exciting this property may be purchased as part of a Larger 9-unit Real Estate Portfolio! Create an instant Niagara Falls Real Estate portfolio consisting of this property plus: 1215-15th St, 915 Ferry Ave , 1305-15th St, 1526 LaSalle Ave (2 units) all are are located within the City's AirBnB short term rental zone, offering tremendous potential for an Investor seeking scale in one of Western New York's premier tourism markets. 1869 Weston & 1886 Weston Ave. 9 units total, providing an exceptional opportunity to acquire multiple income producing properties in one transaction. Whether purchasing this property individually or assembling the entire portfolio, this a rare opportunity to establish an immediate presence in the Niagara Falls short term-term rental & investment market. Live, invest, operate or build your portfolio-the opportunity is here!!! Long term tenants below market rents presently $65,940.00 per year. Based on estimated current market rents, the same portfolio has the potential to generate approximately $130,200 per year in gross long-term rental income representing approximately $64,260 of additional annual rental income potential through proper rent optimization

1511 Cleveland Avenue, Niagara Falls
2253 Ontario Avenue, Niagara Falls
$134,900
5 Beds ⋅ 3 Baths ⋅ B1706169 MLS
Excellent Owner-Occupant or Investment Opportunity! This spacious three-family property offers an ideal opportunity for an owner occupant looking to live in one unit while generating rental income from the other units. Two of the units feature two bedrooms and one full bath, along with formal dining rooms, large kitchens, and convenient mudrooms. The lower unit offers a large covered porch, while the upper unit features its own balcony-style porch, providing additional outdoor space. The third-floor unit one bed one bath large eat in kitchen?needs some TLC and offers excellent potential for additional living space or increased rental income once updated. With tenants already in place who would like to stay, this property provides the potential for instant rental income from day one. Let your tenants help pay the mortgage while you build equity and enjoy the benefits of owner-occupied living. Whether you’re a first-time investor or an experienced landlord, this property offers plenty of opportunity and upside.

2253 Ontario Avenue, Niagara Falls
715 Augustus Place, Niagara Falls
$100,000
4 Beds ⋅ 2 Baths ⋅ B1695224 MLS
Opportunity awaits with this solid brick two-family home in a highly convenient Niagara Falls location! Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the other, this property offers outstanding flexibility. Both apartments are move-in and rent-ready, featuring separate utilities and updated electric services for added convenience. Enjoy charming front porches for each unit, providing great outdoor space for tenants or owner-occupants alike. With low property taxes and a location within Niagara Falls' Airbnb-eligible zone, this property offers excellent income potential through long-term or short-term rentals (subject to local regulations). Don't miss your chance to own a versatile, low-maintenance property with strong investment potential in one of Niagara Falls' most desirable rental areas.

715 Augustus Place, Niagara Falls
1773 Falls Street, Niagara Falls
$64,900
2 Beds ⋅ 1 Baths ⋅ B1682100 MLS
Positioned just minutes from Niagara Falls State Park and many of the area’s most visited attractions, this brick property presents a compelling opportunity in one of Niagara Falls’ most active tourism corridors. Located within the city’s short-term rental zone, the property offers strong potential for investors, developers, or buyers looking to capitalize on the area’s consistent visitor traffic. Situated on a rare double lot totaling approximately 0.16 acres, the property provides additional outdoor space and flexibility not commonly found in the surrounding area. The existing brick structure is in need of rehabilitation, making this an ideal opportunity for those looking to renovate, reposition, or add long-term value. Whether your vision includes a primary residence, investment property, or short-term rental opportunity (subject to local regulations and approvals), the location and lot size create a strong foundation for future potential. Conveniently located near restaurants, entertainment, major routes, and the downtown tourism district, this property offers the chance to invest in a location that continues to attract visitors from around the world.

1773 Falls Street, Niagara Falls
1348 Pierce Avenue, Niagara Falls
$150,000
5 Beds ⋅ 2 Baths ⋅ B1674333 MLS
Welcome to 1348 Pierce Ave.! This 2 unit,all brick property in the Airb&b zone in Niagara Falls features 3 bedrooms in the lower unit and 2 bedrooms in the upper unit. You can live in one unit and use the rental income from the other unit to pay most of the mortgage. Potential monthly rental income for both units is in $2,000-3,000 range.

1348 Pierce Avenue, Niagara Falls
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