Three-Unit Multifamily
For Sale
$149,900
18 Linwood Avenue, Jamestown, NY 14701
Residential, Jamestown, NY
Property Size1,664 SF
Lot Size0.13 Acres
Price / SF$90.08
Days on Market117
Property Features for 18 Linwood Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 2, Basement, Bedroom 2
Interior features
Attic
Appliances
GasWaterHeater
Lot features
Irregular Lot, Residential Lot
Elementary school
Clinton V Bush Elementary
Middle school
Jefferson Middle
High school
Jamestown High
Elementary school district
Jamestown
Middle school district
Jamestown
High school district
Jamestown
Directions
On Linwood between E Newland Ave and Barker Street.
Subdivision
Jamestown-City-060800
Standard status
Active
APN
060800-387-019-0009-007-000
Size
1,664 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
2140
Utilities
Heating system
Forced Air, Natural Gas, Baseboard, Electric (Heating)
Water source
Public
Building Details
Year built
1899
Floors in Building
2
Number of units
3
Flooring type
Carpet, Vinyl, Varies
Building materials
WoodSiding
Listing Agency:
Keller Williams Realty
(716) 324-2300
Listed By:
Taylor Bennett · License #10401246823
(716) 450-7235
Added: Jun 11
Changed: Sep 14
Last Checked: Oct 5 at 10:06AM
MLS# R1687164
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.
Investment Insights
Based on property information with market context.
This 1,664-square-foot triplex was built in 1899 and sits on a 0.132-acre lot in Jamestown. The wood-sided property includes three residential units, a basement, attic space, three bedrooms, and three bathrooms. Interior finishes include carpet and vinyl flooring, with heating provided by baseboard, forced air, natural gas, and electric systems. A gas water heater and public water service are also in place.
The property is located on Linwood Avenue on Jamestown’s Southside, within walking distance of Foote Avenue stores and restaurants, as well as Allen Park. Off-street parking supports the three-unit configuration. The second-floor unit has new doors and windows installed in 2025, while new first-floor doors have been installed and window work is identified for the first floor.
The property is located on Linwood Avenue on Jamestown’s Southside, within walking distance of Foote Avenue stores and restaurants, as well as Allen Park. Off-street parking supports the three-unit configuration. The second-floor unit has new doors and windows installed in 2025, while new first-floor doors have been installed and window work is identified for the first floor.
Key Highlights
- Three‑unit multifamily property with 1,664 square feet of building area
- 0.132‑acre lot with off‑street parking
- Second‑floor doors and windows installed in 2025
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
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Open Analytics
Current Use
Lease Details
3
Residential units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units occupy a wood-sided property with off-street parking, public water, and property management already in place.
Where is this triplex located?
The property is located at 18 Linwood Avenue 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: Three‑unit multifamily property with 1,664 square feet of building area; 0.132‑acre lot with off‑street parking; Second‑floor doors and windows installed in 2025
