21-Unit Multifamily Investment
218 East 2nd Street Unit 212218, Jamestown, NY 14701
21-unit property with updates, high occupancy, and income potential.
Type:Multi Family / Other
Property size:
25,404 SFPrice / SF:
$21/SF- Added:
- Apr 10, 2025
- Days on Market:
- 419
- Last Refresh:
- Apr 1 at 8:40 pm
Property Features for 218 East 2nd Street Unit 212218
General Information
- Standard status
- Active
- Size
- 25,404 SF
- Property subtype
- Multi Family / Other
Building Details
- Year Built
- 1910
Listing agent Carolyn Lawson License #10311208908 (716) 450-4795
Listing office Property Sisters of Chautauqua, Inc. (716) 450-4795
Listing date Apr 10, 2025
Source Compass
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 Property Sisters of Chautauqua, Inc.
HighLights
- High occupancy and immediate income exceeding $12,000/month with growth potential.
- 21‑unit property offering scale and centralized management.
- Numerous updates completed by the current owner, including key mechanical improvements.
- Established property management with strong tenant relationships willing to remain.
- Opportunity to increase value through strategic improvements and rent increases.
- Mix of heating options: Electric, Gas, Baseboard, Space Heater
Overview
This 21-unit multifamily property presents an investment opportunity. The property has undergone numerous updates. The current rent roll exceeds $12,000 per month and continues to grow, offering immediate income with upside potential. There is room to increase value by implementing strategic improvements to drive rents higher over time. Established property management has a strong relationship with tenants and is willing to remain in place, providing a seamless transition for the next owner. The property size is 25404 square feet.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Jamestown
- County
- Chautauqua
- State
- New York
- Longitude
- -79.2377563
- Latitude
- 42.0958876
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 21-unit property with updates, high occupancy, and income potential.
Where is this apartment building located?
The property is located at 218 East 2nd Street Unit 212218 Jamestown, NY.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: High occupancy and immediate income exceeding $12,000/month with growth potential.; 21‑unit property offering scale and centralized management.; Numerous updates completed by the current owner, including key mechanical improvements.
