Renovated Two-Unit
4 Dearborn St., Jamestown, NY 14701
For Sale
$149,000
Two-bedroom units feature refreshed interiors, separate utilities, and shared outdoor and garage amenities.
Property Size1,618 SF
Price / SF$92.09
Days on Market80
Property Features for 4 Dearborn St.
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
central air
back porch
yard
Balcony
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Real Estate Advantage
(716) 484-2020
Listed By:
Anthony Benedetto · License #30BE0711190
(716) 665-1033
Source:
Chautauqualakehomesforsale
Added: Aug 21
Changed: Nov 7
Last Checked: Nov 8 at 1:28AM
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 Real Estate Advantage
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Investment Insights
Based on property information with market context.
Built in 1895, this duplex contains two residential units with two bedrooms each. The interiors have been renovated with refreshed kitchens and bathrooms, replacement windows, carpet and tile flooring, and recessed lighting. Separate utility services support independent operation of the units, while the lower apartment includes central air conditioning.
Exterior amenities include a spacious rear porch, yard area, and a two-car garage. The property is located at 4 Dearborn St. in Jamestown, New York, with a Walk Score of 54 and a Bike Score of 45, indicating somewhat walkable and somewhat bikeable conditions.
Exterior amenities include a spacious rear porch, yard area, and a two-car garage. The property is located at 4 Dearborn St. in Jamestown, New York, with a Walk Score of 54 and a Bike Score of 45, indicating somewhat walkable and somewhat bikeable conditions.
Key Highlights
- Two‑unit duplex with two bedrooms in each unit
- Renovated kitchens and bathrooms with new windows and updated flooring
- Separate utilities for the two units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,388
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$267,760
$267.8K
Cap Rate 7%
$191,257
$191.3K
Cap Rate 9%
$148,756
$148.8K
Market Conditions
NOI Build-Up for 1,618 SF
Gross rent
$21.8K $13.50/SF
− Vacancy
−$2.7K −$1.68/SF
EGI
$19.1K $11.82/SF
− OpEx
−$5.7K −$3.55/SF
NOI
$13.4K $8.27/SF
Area
Chautauqua County, NY
Vacancy
12.44%
Lease Rate
$13.50 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$267,760
Cap Rate 7%
$191,257
Cap Rate 9%
$148,756
Alternative Uses
Best Use
Multifamily LT 5
$191.3K
$167.4K – $223.1K
NOI $13,388 @ 7.0% cap · market cap 8.99%
Second Best
Apartment 5plus
$175.0K
$153.1K – $204.2K
NOI $12,249 @ 7.0% cap · market cap 8.22%
Theoretical Best
Office A
$484.3K
$423.8K – $565.0K
NOI $33,900 @ 7.0% cap · market cap 22.75%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
738
Businesses Nearby
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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
$98,400
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Jamestown, NY
Properties on Market for Duplexes in Jamestown
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom units feature refreshed interiors, separate utilities, and shared outdoor and garage amenities.
Where is this duplex located?
The property is located at 4 Dearborn St. Jamestown, NY.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: Two‑unit duplex with two bedrooms in each unit; Renovated kitchens and bathrooms with new windows and updated flooring; Separate utilities for the two units
