Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Jamestown Triplex Investment Opportunity Title is generated by Realmo AI

    331 Foote Avenue, Jamestown, NY 14701

    View on Map
    Claim this Listing
    Pending
    $89,900

    MULTI_FAMILY - Jamestown, NY

    Property size:
    1,608 SF
    Lot size:
    0.14 Acres
    Added:
    Oct 31, 2025
    Days on Market:
    201
    Last Refresh:
    May 19 at 2:06 am

    Property Features for 331 Foote Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    3
    Rooms
    Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 4, Basement, Bathroom 1
    Appliances
    GasWaterHeater
    Standard status
    Pending
    APN
    060800-387-015-0007-050-000
    Size
    1,608 SF
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1648

    Utilities

    Heating system
    Natural Gas, Forced Air
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    2
    Number of units
    3
    Flooring type
    Hardwood, Varies, Vinyl
    Building materials
    AluminumSiding

    We can help!

    Listing Contact
    Taylor Bennett
    Taylor Bennett

    Listing agent Taylor Bennett License #10401246823

    Listing office Keller Williams Realty 385 E Fairmount Ave, Elma, NY

    Listing date Oct 31, 2025

    MLS# R1648494 Listing URL

    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.

    HighLights

    • Solid 3‑unit investment property with existing rental income.
    • Currently generating $2100 per month in rental income.
    • Enjoy the large fenced‑in yard.
    • Features a 2‑car detached garage.
    • One unit freshly painted.
    • Hardwood and Vinyl flooring.

    Overview

    This is a three-unit investment property located in Jamestown, NY. The property is currently generating $2100 per month in rental income. The owners are responsible for utilities, which average approximately $300 per month. The property includes a large fenced-in yard and a two-car detached garage. One of the units was recently painted prior to tenant placement. The lot size is 0.1443 acres and the property size is 1608 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jamestown
    County
    Chautauqua
    State
    New York
    Longitude
    -79.232125
    Latitude
    42.089339

    Nearby Similar for Sale

    • $325,000
      8,968 SF

      Jamestown Retail Building on Main

      Commercial retail building on Main Street with versatile space.
      1259 N Main Street, Jamestown, NY 14701
      View Details
    • $199,900
      3,415 SF

      Jamestown Commercial Property For Sale

      Well-maintained commercial property suited for various business uses.
      1290 E 2nd Street, Jamestown, NY 14701
      View Details
    • $360,000
      7,260 SF

      Commercial Property with Parking Income

      Well-maintained commercial building with income-generating parking lot in Jamestown.
      309 Prendergast Avenue, Jamestown, NY 14701
      View Details
    • $149,000
      2,796 SF

      Three Unit Investment Property

      Turn-key multi-family home with income potential in Jamestown, NY.
      201 Forest Avenue, Jamestown, NY 14701
      View Details
    • $349,900
      4,400 SF

      Commercial Retail Building on Main

      Commercial retail building with versatile space and desirable features.
      1259 N Main St, Jamestown, NY 14701
      View Details
    • $399,000
      7,920 SF

      Jamestown Commercial Space For Sale

      Prime downtown commercial space ideal for retail, office, or mixed-use.
      304 - 310 W 3rd Street, Jamestown, NY 14701
      View Details
    • $659,900
      18,685 SF

      Jamestown Manufacturing & Warehouse Facility

      Versatile industrial property with manufacturing, warehouse, and office space.
      19.5 Blackstone Avenue, Jamestown, NY 14701
      View Details
    • $59,900
      2,246 SF

      Jamestown Multifamily Investment Opportunity

      Multifamily property in Jamestown, NY with long-term tenant.
      220 & 222 Fulton, Jamestown, NY 14701
      View Details
    • $24,900
      2,296 SF

      Two-Family Multi-Unit Renovation Opportunity

      Two-family multi-unit property in Jamestown, NY, needing full renovation.
      10 Terrace Place, Jamestown, NY 14701
      View Details
    • $109,900
      2,177 SF

      Turn Key Income Property

      Three-unit multifamily property with recent updates and long-term tenants.
      17 W 7th Street, Jamestown, NY 14701
      View Details
    • $450,000
      187,300 SF

      Versatile Mixed-Use Investment Opportunity

      4+ acre property with commercial and residential income potential.
      878 - 884 - 888 - 890 Busti Sugar Grove Road, Jamestown, NY 14701
      View Details
    • $25,000
      1,872 SF

      Jamestown Two-Family Home for Renovation

      Two-family home in Jamestown, NY, requires renovation and code updates.
      98 Myrtle Street, Jamestown, NY 14701
      View Details

    FAQs

    What type of property is this?
    Triplex - Three-unit property in Jamestown, NY, generating monthly rental income.
    Where is this triplex located?
    The property is located at 331 Foote Avenue Jamestown, NY.
    What is the asking price?
    The asking price for this property is $89,900.
    What are key features of this property?
    This property features: Solid 3‑unit investment property with existing rental income.; Currently generating $2100 per month in rental income.; Enjoy the large fenced‑in yard.
    (716) 450-7235
    We can help!
    Listing Contact
    Taylor Bennett
    Taylor Bennett
    Real Estate License ID: 10401246823
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    331 Foote Avenue, Jamestown, NY 14701
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!