Occupied
For Sale
Contact for pricing
228 Forest Avenue, Jamestown, NY 14701
Both residences have occupants, providing established rental use.
Property Size2,080 SF
Price / SF$14.38
Days on Market19
Property Features for 228 Forest Avenue
General Information
Standard status
Active
Size
2,080 SF
Property subtype
Multi Family Home
Taxes and HOA fees
Annual Taxes
$1,163
Building Details
Building Size
2,080 SF
Year Built
1865
Stories
1
Units
2
Listing Agency:
Genesee River Realty
(585) 610-0348
Listed By:
Jonas Willson
(585) 808-8747
Source:
Geneseeriverrealty
Added: Oct 6
Changed: Oct 23
Last Checked: Oct 23 at 2:12PM
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 Genesee River Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two residences, and both are occupied. The building encompasses 2080 square feet and dates to 1865.
The property is located at 228 Forest Avenue in Jamestown, New York.
The property is located at 228 Forest Avenue in Jamestown, New York.
Key Highlights
- Two residential units, both occupied
- 2080 square feet
- Built in 1865
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,747
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,940
$314.9K
Cap Rate 7%
$224,957
$225.0K
Cap Rate 9%
$174,967
$175.0K
Market Conditions
NOI Build-Up for 2,080 SF
Gross rent
$32.9K $15.84/SF
− Vacancy
−$4.3K −$2.08/SF
EGI
$28.6K $13.76/SF
− OpEx
−$12.9K −$6.19/SF
NOI
$15.7K $7.57/SF
Area
Chautauqua County, NY
Vacancy
13.10%
Lease Rate
$15.84 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,940
Cap Rate 7%
$224,957
Cap Rate 9%
$174,967
Alternative Uses
Best Use
Multifamily LT 5
$245.9K
$215.1K – $286.9K
NOI $17,211 @ 7.0% cap · market cap 57.56%
Second Best
Apartment 5plus
$225.0K
$196.8K – $262.5K
NOI $15,747 @ 7.0% cap · market cap 52.67%
Theoretical Best
Office A
$622.6K
$544.8K – $726.3K
NOI $43,580 @ 7.0% cap · market cap 145.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
34
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
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have occupants, providing established rental use.
Where is this duplex located?
The property is located at 228 Forest Avenue Jamestown, NY.
What are key features of this property?
This property features: Two residential units, both occupied; 2080 square feet; Built in 1865
