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Two-Unit Residential Income Property
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10 Terrace Pl, Jamestown, NY 14701

Two separate apartments share a common entry and require full renovation, with a basement housing all mechanicals.

Property SizeContact for details
Days on Market33

Property Features for 10 Terrace Pl

General Information

Standard status Active
Property subtype Multi Family

Additional Details

Multifamily Units 2

Building Details

Year Built 1900
Tenancy Multi
Listing Agency: Century 21 Turner Brokers
Listed By: Rae Ellen Kyler · License #10401343841
Source: Elliman
Added: Jul 4 Changed: Jul 22 Last Checked: Aug 5 at 9:37AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Turner Brokers

Investment Insights

Based on property information with market context.

This two-family, two-unit residential income property is entered through a shared common entry on the side for both apartments. The downstairs unit features two bedrooms, one full bath, a large eat-in kitchen with pantry, a side entry hall, formal dining, and an additional bonus room suitable for an office. The upstairs unit includes a large kitchen with pantry, a full bath, two bedrooms, and a large living and formal dining area. The second-floor apartment is heated with electric wall and space heaters, and it is currently not operable. Original woodwork around door casings and moldings remains, and hardwood floors are highlighted in the upstairs apartment. There is also a walk-up to the attic that could be renovated for additional space.

A full basement houses all mechanicals, but the property needs full renovation, as plumbing has been removed and the furnace is no longer present; electrical may also require updates. The home also includes a large back yard space and a private driveway. The seller makes no guarantees and will not perform repairs. The buyer will need to register the multi-unit with the City of Jamestown and schedule lead testing and abatement if necessary. The property is described as within walking distance to shopping, dining, and the hospital.

Key Highlights

  • Two‑family (multi‑unit) home built in 1900 with a shared common entry on the side for both apartments
  • Downstairs unit features 2 bedrooms, 1 full bath, large eat‑in kitchen with pantry, formal dining, side entry hall, and bonus office room
  • Upstairs unit offers 2 bedrooms, full bath, large kitchen with pantry, large living area, and formal dining; second‑floor heating is via electric wall and space heaters (currently not operable)

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Cafe & Coffee Shop (Bike/Boat/Book/etc) Store Barber Shop Carpet & Flooring Store Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,705
Businesses Nearby

Demographics for 14701, NY

38,428
Population
19,469
Households
2
Avg Household Size
42
Median Age
25%
College-Educated
90%
High-School Grad
92.6 sq mi
ZIP Area
415
Density / Sq Mi
$50,909
Median Household Income
$34,592
Median Earnings
$769
Median Rent
$98,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two separate apartments share a common entry and require full renovation, with a basement housing all mechanicals.
Where is this duplex located?
The property is located at 10 Terrace Pl Jamestown, NY.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: Two‑family (multi‑unit) home built in 1900 with a shared common entry on the side for both apartments; Downstairs unit features 2 bedrooms, 1 full bath, large eat‑in kitchen with pantry, formal dining, side entry hall, and bonus office room; Upstairs unit offers 2 bedrooms, full bath, large kitchen with pantry, large living area, and formal dining; second‑floor heating is via electric wall and space heaters (currently not operable)
More about this property
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