Turn-Key Three-Unit Income
For Sale
$149,900
18 Linwood Ave, Jamestown, NY 14701
Well-maintained three-unit with ample off-street parking and recent door and window updates across two levels.
Property Size1,664 SF
Days on Market65
Property Features for 18 Linwood Ave
General Information
Standard status
Active
Size
1,664 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$2,140
Building Details
Building Size
1,664 SF
Year Built
1899
Stories
2
Units
3
Listing Agency:
Keller Williams Realty
(716) 450-7235
Listed By:
Taylor Bennett · License #10401246823
(716) 450-7235
Source:
Elliman
Added: Jun 18
Changed: Aug 15
Last Checked: Aug 21 at 9:38AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This turn-key three-unit property is set on a large lot and offers ample off-street parking. The building has been well maintained, with recent updates including new doors on the first floor and new windows scheduled to be installed next week. The second floor has new doors and windows installed in 2025. The top floor is currently rented, supporting a straightforward income structure within a simple three-unit layout.
Located on the southside of Jamestown, the property is within walking distance to Foote Avenue stores and restaurants, as well as Allen Park. Public remarks note moderate walkability and bikeability, which can be practical for tenant convenience and day-to-day access.
From a tenant and owner-operator perspective, the most recent improvements help reduce near-term maintenance concerns. Current occupancy includes the first floor rented for $725 and the top floor rented for $600, while the second floor has just become vacant and is expected to rent for $725 as well. Property management is currently in place and can support a smooth transition for an incoming owner.
Located on the southside of Jamestown, the property is within walking distance to Foote Avenue stores and restaurants, as well as Allen Park. Public remarks note moderate walkability and bikeability, which can be practical for tenant convenience and day-to-day access.
From a tenant and owner-operator perspective, the most recent improvements help reduce near-term maintenance concerns. Current occupancy includes the first floor rented for $725 and the top floor rented for $600, while the second floor has just become vacant and is expected to rent for $725 as well. Property management is currently in place and can support a smooth transition for an incoming owner.
Key Highlights
- 3‑unit property built in 1899 on a large lot with ample off‑street parking
- First floor newly updated with all new doors installed and new windows scheduled next week; currently rented for $725
- Second floor has new doors and windows installed in 2025; currently vacant and should rent for $725
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,769
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$275,380
$275.4K
Cap Rate 7%
$196,700
$196.7K
Cap Rate 9%
$152,989
$153.0K
Market Conditions
NOI Build-Up for 1,664 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$22.5K $13.50/SF
− Vacancy
−$2.8K −$1.68/SF
EGI
$19.7K $11.82/SF
− OpEx
−$5.9K −$3.55/SF
NOI
$13.8K $8.27/SF
Area
Chautauqua County, NY
Vacancy
12.44%
Lease Rate
$13.50 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$275,380
Cap Rate 7%
$196,700
Cap Rate 9%
$152,989
Alternative Uses
Best Use
Multifamily LT 5
$196.7K
$172.1K – $229.5K
NOI $13,769 @ 7.0% cap · market cap 9.19%
Second Best
Apartment 5plus
$180.0K
$157.5K – $210.0K
NOI $12,598 @ 7.0% cap · market cap 8.40%
Theoretical Best
Office A
$498.1K
$435.8K – $581.1K
NOI $34,864 @ 7.0% cap · market cap 23.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
791
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained three-unit with ample off-street parking and recent door and window updates across two levels.
Where is this triplex located?
The property is located at 18 Linwood Ave Jamestown, NY.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: 3‑unit property built in 1899 on a large lot with ample off‑street parking; First floor newly updated with all new doors installed and new windows scheduled next week; currently rented for $725; Second floor has new doors and windows installed in 2025; currently vacant and should rent for $725
