Apartment Buildings with
For Sale
$165,000
352-354 E Fourth Street, Jamestown, NY 14701
Residential, Jamestown, NY
Property Size2,003 SF
Price / SF$82.38
Days on Market28
Property Features for 352-354 E Fourth Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bathroom 1, Basement, Bedroom 1, Bathroom 2, Bedroom 3, Bedroom 2
Patio and Porch features
Porch
Appliances
GasWaterHeater
Lot features
Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Elementary school
Samuel G Love Elementary
Middle school
Washington Middle
High school
Jamestown High
Elementary school district
Jamestown
Middle school district
Jamestown
High school district
Jamestown
Subdivision
Jamestown-City-060800
Standard status
Active
APN
060800-387.41-1-17
Size
2,003 SF
Taxes and HOA fees
Tax Annual Amount
1627
Utilities
Heating system
Natural Gas, Other (Heating)
Water source
Public
Building Details
Year built
1905
Floors in Building
2
Number of units
7
Flooring type
Vinyl, Laminate, Varies
Building materials
Frame
Roof type
Asphalt
Listing Agency:
Howard Hanna Holt - Lakewood
(716) 484-4040
Listed By:
Brenda Strasser · License #40ST1119351
(716) 499-6945
Added: Sep 5
Changed: Sep 16
Last Checked: Oct 2 at 1:06PM
MLS# R1712627
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.
Investment Insights
Based on property information with market context.
This offering includes two side-by-side frame apartment buildings at 352-354 E Fourth Street. The property totals 2,003 square feet and was built in 1905. The 352 building includes a vacant residential component with fresh paint and new flooring, while the 354 building is occupied. A garage and porch are also included. Flooring varies among laminate and vinyl, and the buildings feature natural-gas heating, a gas water heater, public water service, and asphalt roofing.
The combined parcel measures 70 x 134 feet. The owner currently pays all utilities for both buildings. Appointments are required for property access.
The combined parcel measures 70 x 134 feet. The owner currently pays all utilities for both buildings. Appointments are required for property access.
Key Highlights
- Two side‑by‑side apartment buildings offered together
- 2,003 square feet on a 70 x 134‑foot lot
- Frame construction; built in 1905
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,164
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$303,280
$303.3K
Cap Rate 7%
$216,629
$216.6K
Cap Rate 9%
$168,489
$168.5K
Market Conditions
NOI Build-Up for 2,003 SF
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.
Gross rent
$31.7K $15.84/SF
− Vacancy
−$4.2K −$2.08/SF
EGI
$27.6K $13.76/SF
− OpEx
−$12.4K −$6.19/SF
NOI
$15.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$303,280
Cap Rate 7%
$216,629
Cap Rate 9%
$168,489
Alternative Uses
Best Use
Multifamily LT 5
$236.8K
$207.2K – $276.2K
NOI $16,574 @ 7.0% cap · market cap 10.04%
Second Best
Apartment 5plus
$216.6K
$189.6K – $252.7K
NOI $15,164 @ 7.0% cap · market cap 9.19%
Theoretical Best
Office A
$599.5K
$524.6K – $699.5K
NOI $41,967 @ 7.0% cap · market cap 25.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
1,750
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Side-by-side residential buildings with a vacant component, occupied units, and owner-paid utilities.
Where is this apartment building located?
The property is located at 352-354 E Fourth Street Jamestown, NY.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Two side‑by‑side apartment buildings offered together; 2,003 square feet on a 70 x 134‑foot lot; Frame construction; built in 1905
