Lakefront Duplex with Two
2729 WILLOW AVE Jamestown, NY 14701
2729 WILLOW AVE, Jamestown, NY, 14701
$549,000
Pending
For Sale
$549,000
Pending
Duplex on Chautauqua Lake with two residences, shared laundry, and outdoor living space including a two-story deck.
Property Size2,100 SF
Days on Market223
Property Features for 2729 WILLOW AVE
General Information
- Standard status
- Pending
- Size
- 2,100 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1992
Listing agency
Northern Chautauqua Realty, Inc.
(716) 672-7222
Listed by
Mark "Alan" Shaw
(716) 672-7222
Source
Xome
Added: Dec 12, 2025 Updated: Jul 21 at 11:05PM Checked: Jul 22 at 3:55AM
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 Northern Chautauqua Realty, Inc.
Investment Insights
Based on property information with market context.
This lakefront duplex offers two separate units with open living, dining, and kitchen layouts. The upper unit includes four bedrooms and one full bathroom, while the lower unit includes three bedrooms and one full bathroom. Central air is available in the upper unit, and the property includes shared laundry.
Outside, the home features a large two-story deck overlooking the lake, along with a bar area with an attached patio connected to the garage. A brand new two-car garage and a hot tub are also included, and the listing indicates all appliances and many furnishings are included for a turnkey setup.
Additional flexibility is provided by the duplex configuration, with options described for owner occupancy with rental income, renting both units, vacation rental use, or conversion back to a single-family home. The property provides approximately 100 feet of waterfront on Chautauqua Lake.
Outside, the home features a large two-story deck overlooking the lake, along with a bar area with an attached patio connected to the garage. A brand new two-car garage and a hot tub are also included, and the listing indicates all appliances and many furnishings are included for a turnkey setup.
Additional flexibility is provided by the duplex configuration, with options described for owner occupancy with rental income, renting both units, vacation rental use, or conversion back to a single-family home. The property provides approximately 100 feet of waterfront on Chautauqua Lake.
Key Highlights
- Duplex on Chautauqua Lake with 100 ft of waterfront and beach access
- Two‑unit layout: upper unit and lower unit each with open living, dining, and kitchen areas
- Upper unit includes central air; both units have bedrooms and 1 full bathroom each
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.4k | $13.50 |
| − Vacancy | −$3.5k | −$1.68 |
| EGI | $24.8k | $11.82 |
| − OpEx | −$7.4k | −$3.55 |
| NOI | $17.4k | $8.27 |
2,100 SF · lease $13.50/SF/yr · vacancy 12.44% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$248.2K
$217.2K – $289.6K
NOI $17,376 @ 7.0% cap · market cap 3.17%
Second Best
Apartment 5plus
$227.1K
$198.7K – $265.0K
NOI $15,899 @ 7.0% cap · market cap 2.90%
Theoretical Best
Office A
$628.6K
$550.0K – $733.3K
NOI $43,999 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex on Chautauqua Lake with two residences, shared laundry, and outdoor living space including a two-story deck.
Where is this duplex located?
The property is located at 2729 WILLOW AVE Jamestown, NY.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Duplex on Chautauqua Lake with 100 ft of waterfront and beach access; Two‑unit layout: upper unit and lower unit each with open living, dining, and kitchen areas; Upper unit includes central air; both units have bedrooms and 1 full bathroom each
