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Renovation-Ready Triplex
New
For Sale
$55,000

196 Falconer St, Jamestown, NY 14701

Three-unit property with renovation work underway across flexible residential layouts.

Property Size2,546 SF
Days on Market6

Property Features for 196 Falconer St

General Information

Standard status Active
Size 2,546 SF
Property subtype Multi Family

Property Condition

Severity Major Repairs Needed
Evidence completely gutted

Additional Details

Multifamily Units 3

Taxes and HOA fees

Annual Taxes $1,633

Amenities

in-unit laundry

Building Details

Building Size 2,546 SF
Year Built 1876
Stories 2
Units 3
Listing Agency: Real Estate Advantage
Listed By: Holly Hackett · License #10401371023
Source: Elliman
Added: Aug 19 Changed: Aug 22 Last Checked: Aug 23 at 7:34AM

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 Real Estate Advantage

Investment Insights

Based on property information with market context.

Built in 1876, this three-unit property offers distinct layouts and ongoing renovation work. The first-floor residence includes two bedrooms, a living room, dining room, kitchen, pantry, and in-unit laundry, with the possibility of configuring a third bedroom. The second-floor unit has two bedrooms, a family room, and additional attic living space that includes a bedroom and full bathroom. Renovation is still needed in this unit.

The basement residence has been gutted and is approximately 70% complete. Work completed includes drywall, insulation, and portions of the plumbing system. Materials already on site include a toilet, shower, vanity, flooring, and other finishing items. The property is located at 196 Falconer St in Jamestown, New York, with a walk score of 61 and a bike score of 32.

Key Highlights

  • Three‑unit residential property built in 1876
  • First‑floor unit includes two bedrooms, in‑unit laundry, pantry, and potential third bedroom
  • Second‑floor unit offers two bedrooms, family room, attic space, and full bathroom

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Barber Shop (Bike/Boat/Book/etc) Store Cafe & Coffee Shop HVAC Service Home Appliance Store Garden Center

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

3
Residential units

Location Intelligence

Trade Area within ½ mile

478
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?
Triplex - Three-unit property with renovation work underway across flexible residential layouts.
Where is this triplex located?
The property is located at 196 Falconer St Jamestown, NY.
What is the asking price?
The asking price for this property is $55,000.
What are key features of this property?
This property features: Three‑unit residential property built in 1876; First‑floor unit includes two bedrooms, in‑unit laundry, pantry, and potential third bedroom; Second‑floor unit offers two bedrooms, family room, attic space, and full bathroom
More about this property
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