Renovated Duplex with Two-Car
New
For Sale
$149,000
4 Dearborn St., Jamestown, NY 14701
Residential, Jamestown, NY
Property Size1,618 SF
Price / SF$92.09
Days on Market2
Property Features for 4 Dearborn St.
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Basement, Bedroom 1, Bedroom 4, Bathroom 2, Bathroom 1
Parking features
Garage
Exterior features
Balcony
Fireplace
1
Appliances
ElectricWaterHeater
Lot features
Rectangular, Rectangular Lot, Residential Lot
Elementary school
Milton J Fletcher Elementary
Middle school
Persell 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
387.018-0004-018.0000000
Size
1,618 SF
Taxes and HOA fees
Tax Annual Amount
2489
Utilities
Heating system
Electric (Heating), Baseboard, Ductless (Heating)
Cooling system
Ductless, Central Air
Water source
Public
Amenities
back porch
Building Details
Year built
1895
Floors in Building
2
Number of units
2
Flooring type
Carpet, Laminate, Varies
Building materials
VinylSiding
Listing Agency:
Real Estate Advantage
(716) 484-2020
Listed By:
Anthony Benedetto · License #30BE0711190
(716) 665-1033
Added: Aug 21
Last Checked: Aug 22 at 6:06AM
MLS# R1709059
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 1,618-square-foot duplex, built in 1895, has undergone extensive interior updates. Improvements include refreshed kitchens and bathrooms, replacement windows, carpet and tile flooring, recessed lighting, and a mix of electric, baseboard, and ductless heating. The lower residence includes central air conditioning, while separate utilities support distinct household operations.
Exterior features include a spacious back porch, yard, vinyl siding, public water, and a two-car garage. The property also includes a basement, two bathrooms, a fireplace, and a balcony. Located at 4 Dearborn St. in Jamestown, NY, the two-family configuration offers residential income property functionality in a renovated setting.
Exterior features include a spacious back porch, yard, vinyl siding, public water, and a two-car garage. The property also includes a basement, two bathrooms, a fireplace, and a balcony. Located at 4 Dearborn St. in Jamestown, NY, the two-family configuration offers residential income property functionality in a renovated setting.
Key Highlights
- 1,618 square feet across a two‑family duplex
- Built in 1895 with extensive interior renovations
- Separate utilities for the two residences
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
$13,388
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
8.99%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
495
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family property with separate utilities, refreshed interiors, outdoor space, and a detached garage.
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: 1,618 square feet across a two‑family duplex; Built in 1895 with extensive interior renovations; Separate utilities for the two residences
