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    28 Hall Ave Jamestown, NY 14701

    View on Map
    Sponsored
    For Sale
    $1,725,000

    MULTI_FAMILY - Jamestown, NY

    Property size:
    4,071 SF
    Lot size:
    0.25 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 25 at 9:06 am

    Property Features for 28 Hall Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bedroom 7, Bedroom 29, Bedroom 28, Bedroom 33, Bedroom 24, Bedroom 25, Basement, Bedroom 21, Bedroom 39, Bedroom 9, Bedroom 2, Bedroom 34, Bedroom 40, Bedroom 4, Bedroom 15, Bedroom 37, Bedroom 12, Bedroom 26, Bedroom 16, Bedroom 11, Bedroom 30, Bedroom 31, Bedroom 23, Bedroom 27, Bedroom 6, Bedroom 17, Bedroom 35, Bedroom 41, Bedroom 13, Bedroom 20, Bedroom 10, Bedroom 36, Bedroom 3, Bedroom 18, Bedroom 22, Bedroom 38, Bedroom 14, Bedroom 32, Bedroom 19, Bedroom 1, Bedroom 5, Bedroom 8
    Bedrooms
    41
    APN
    060800-387-009-0002-038-000
    Parking features
    Garage
    Appliances
    WaterHeater
    Size
    4,071 SF
    Lot size
    0.25 Acres

    Utilities

    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    2
    Number of units
    44

    We can help!

    Listing Contact
    Taylor Bennett
    Taylor Bennett

    Keller Williams Realty Lancaster

    Listing agent Taylor Bennett License #10401246823

    Listing date Mar 25, 2026

    MLS# R1668668

    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

    Jamestown Multifamily Investment Portfolio

    This investment portfolio in Jamestown, NY, comprises 21 homes with a total of 44 units. The properties include 9 single-family homes, 4 two-family homes, 3 three-family homes, 3 four-family homes, and one six-unit building. The total monthly income is $28,630, with all units currently occupied by tenants, many of whom are long-term residents. Recent updates have been made to many of the units. The owner is willing to assist with the transition. The property size is 4,071 square feet, situated on a lot of 0.2525 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    superior Clothing Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Jamestown
    County
    Chautauqua
    State
    New York
    Longitude
    -79.256655
    Latitude
    42.096865

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    FAQs

    What type of property is this?
    Apartment building - Turnkey investment portfolio featuring 44 units in Jamestown, NY.
    Where is this apartment building located?
    The property is located at 28 Hall Ave Jamestown, NY.
    What is the asking price?
    The asking price for this property is $1,725,000.
    What are key features of this property?
    This property features: - Turn-key investment portfolio with 44 units across 21 homes.; - Fully occupied, generating $28,630 monthly income from long-term tenants.; - Portfolio includes a diverse mix of property types: single-family, two-family, three-family, four-family, and a six-unit building.
    (716) 450-7235
    Request Owner's contact information
    28 Hall Ave Jamestown, NY 14701
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    Jamestown, NY 14701
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    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
    28 Hall Ave Jamestown, NY 14701
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    We can help!
    Listing Contact
    Taylor Bennett
    Taylor Bennett
    Real Estate License ID: 10401246823
    Learn More
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