21-Unit Multifamily Investment
For Sale
$549,900
218 E 2nd St 212-218, Jamestown, NY 14701
21-unit multifamily property with mechanical updates and growth potential.
Property Size25,404 SF
Lot Size0.24 Acres
Days on Market157
Property Features for 218 E 2nd St 212-218
General Information
Standard status
Active
Size
25,404 SF
Lot size
0.24 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$13,753
Building Details
Building Size
25,404 SF
Year Built
1910
Stories
3
Units
21
Listing Agency:
Lawson Real Estate Chq., Inc.
(716) 450-4795
Listed By:
Carolyn Lawson · License #10311210826
(716) 450-4795
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 12:00PM
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 Lawson Real Estate Chq., Inc.
Investment Insights
Based on property information with market context.
This multifamily property features 21 units, presenting an investment opportunity. The current owner has completed several mechanical updates, contributing to the property's smooth operation. The current rent roll exceeds $12,000 per month and is increasing. There is potential for increasing rents over time through continued improvements. The property management has a positive relationship with the tenants and is interested in remaining in place.
Key Highlights
- High Income Potential: Current rent roll exceeds $12,000 per month and is growing.
- Turnkey Investment: Property is running smoothly with recent mechanical updates.
- Value‑Add Opportunity: Potential to increase rents through further improvements.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,768
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?
Apartment building - 21-unit multifamily property with mechanical updates and growth potential.
Where is this apartment building located?
The property is located at 218 E 2nd St 212-218 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 Income Potential: Current rent roll exceeds $12,000 per month and is growing.; Turnkey Investment: Property is running smoothly with recent mechanical updates.; Value‑Add Opportunity: Potential to increase rents through further improvements.
