Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    11 Prather Ave Jamestown, NY 14701

    Sponsored
    For Sale
    $82,500

    MULTI_FAMILY - Other - Jamestown, NY

    Property size:
    1,688 SF
    Lot size:
    0.21 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 15 at 3:06 pm

    Property Features for 11 Prather Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bathroom 2, Bedroom 3, Basement, Bathroom 1, Bedroom 2, Bedroom 1
    Bedrooms
    3
    Bathrooms
    2
    APN
    060800-387-014-0007-055-000
    Patio and Porch features
    Porch
    Interior features
    CeilingFans
    Exterior features
    Fence, PrivateYard
    Fencing
    Fenced
    Appliances
    GasWaterHeater
    Size
    1,688 SF
    Lot size
    0.21 Acres

    Utilities

    Heating system
    Forced Air, Baseboard, Electric (Heating), Natural Gas
    Water source
    Public

    Building Details

    Year built
    1907
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Hardwood, Tile, Vinyl, Varies
    Building materials
    VinylSiding
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Rae Ellen Kyler

    Century 21 Turner Brokers (716) 763-7506

    Listing agent Rae Ellen Kyler (716) 763-7506 License #10401343841

    Listing date Feb 14, 2026

    MLS# R1662208

    Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Well-Maintained Jamestown Multi-Family Unit

    This well-maintained two-family multi-unit property features a downstairs apartment with an open dining and living concept, a large eat-in kitchen, laundry facilities, a full bath, and two bedrooms. The downstairs apartment also includes a partially finished basement that could serve as bonus living space. It has both a front and back door entry, with the back door being handicap accessible. The upstairs apartment has been freshly painted, features refinished hardwood floors, and includes a gas stove and refrigerator. The tub has been reglazed, and several new windows have been added. The upstairs apartment also has stair access to the attic, which could be converted into additional living space. The upstairs apartment is currently vacant. The downstairs tenants are long-term and would like to stay. The property includes a spacious backyard and a separate entry to the upstairs apartment. The upstairs apartment is spacious and features lots of natural light. With some thought and renovation, this home could easily be converted into a single-family five-bedroom home. The property is located in Jamestown, NY, on a lot of 0.21 acres. The property size is 1688 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jamestown
    County
    Chautauqua
    State
    New York
    Longitude
    -79.242049
    Latitude
    42.090453

    Nearby Similar for Sale

    • $449,000
      9,097 SF

      Historic Jamestown Mansion For Sale

      19th-century mansion with original features, ideal for commercial use.
      413 N Main St, Jamestown, NY 14701
      View Details
    • $54,900
      Pending

      Two-Unit Building in Jamestown, NY

      Two-unit building with partially completed renovations and included building materials.
      33 Myrtle St, Jamestown, NY 14701
      View Details
    • $384,000
      45,834 SF

      Historic Schoolhouse with Redevelopment Potential

      Historic Jamestown schoolhouse on two acres, ideal for redevelopment.
      1101 E 2Nd St, Jamestown, NY 14701
      View Details
    • New
      Contact for pricing
      Pending

      Jamestown Duplex with Living Space

      Two-unit duplex in Jamestown, NY, featuring substantial living space.
      127 Maple St, Jamestown, NY 14701
      View Details
    • New
      $82,000
      1,332 SF

      Versatile Jamestown Multi-Family Home

      Convertible two-family home near schools and shopping.
      70 Pershing Ave, Jamestown, NY 14701
      View Details
    • $450,000
      187,300 SF

      Versatile Mixed-Use Investment Opportunity

      4+ acre property with commercial and residential income potential.
      878 Busti Sugar Grove Rd, Jamestown, NY 14701
      View Details
    • $99,999
      2,820 SF

      Jamestown Two-Unit Investment Property

      Well-maintained two-unit property with separate utilities and updated features.
      139 Park Street Ext, Jamestown, NY 14701
      View Details
    • $54,900
      2,164 SF

      Mixed-Use Building with Business Potential

      Mixed-use building with commercial space and residential apartment.
      121 Willard Street Ext, Jamestown, NY 14701
      View Details
    • Contact for pricing
      Pending

      Jamestown Multifamily Investment Opportunity

      Four-unit multifamily property in Jamestown, New York, ideal for investment.
      114 Water St, Jamestown, NY 14701
      View Details
    • $65,000
      Pending

      Jamestown Two-Unit Multifamily Property

      Well-maintained 2-unit building in Jamestown with income potential.
      215 Hazzard St, Jamestown, NY 14701
      View Details
    • $250,000
      7,308 SF

      Jamestown Commercial Property with Restaurant

      Fully operational restaurant and 22 rental units in Jamestown, NY.
      1414 E 2Nd St, Jamestown, NY 14701
      View Details
    • $37,000
      Pending

      Jamestown Multi-Family Home

      Two-unit home with potential for income generation.
      210 Tower St, Jamestown, NY 14701
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-unit property with potential for single-family conversion.
    Where is this duplex located?
    The property is located at 11 Prather Ave Jamestown, NY.
    What is the asking price?
    The asking price for this property is $82,500.
    What are key features of this property?
    This property features: - Handicap accessible downstairs apartment.; - Potential to convert to a single-family 5-bedroom home.; - Two-family multi-unit property with a vacant upstairs apartment.
    (716) 904-3038
    Request Owner's contact information
    11 Prather Ave Jamestown, NY 14701
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11 Prather Ave
    Jamestown, NY 14701
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11 Prather Ave Jamestown, NY 14701
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Rae Ellen Kyler
    Real Estate License ID: 10401343841
    (716) 904-3038 (716) 763-7506
    Learn more
    Google sign-in failed. Please try again or use another login method.