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Two-Unit Duplex with Metal Roof
New
For Sale
$62,500

514 Newland Ave, Jamestown, NY 14701

Both residences have separate utility payments, and the lower apartment has an updated kitchen and replacement vinyl flooring.

Property Size1,724 SF
Days on Market2

Property Features for 514 Newland Ave

General Information

Standard status Active
Size 1,724 SF
Property subtype Multi Family

Financials

Gross Income $19,200
Average Monthly Rent $800

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $1,623

Building Details

Building Size 1,724 SF
Year Built 1900
Buildings 1
Stories 2
Units 2
Tenancy Multi
Listing Agency: ERA Team VP Real Estate
Listed By: Heather Shea-Canaley · License #C4311598
Source: Elliman
Added: Sep 30 Last Checked: Oct 1 at 12:34PM

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 ERA Team VP Real Estate

Investment Insights

Based on property information with market context.

This two-unit duplex at 514 Newland Avenue was built in 1900 and has a metal roof. The lower apartment features a modern kitchen and vinyl replacement flooring. Each residence is rented for $800 per month, with tenants responsible for their own utilities; combined monthly rent is $1,600.

The property is in Jamestown, New York. Its Walk Score is 88, classified as Very Walkable, and its Bike Score is 33, classified as Somewhat Bikeable.

Key Highlights

  • Two units, each rented for $800 per month
  • Combined monthly rent of $1,600
  • Tenants pay their own utilities

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Computer & Electronic Repair HVAC Service (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Barber Shop Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

835
Businesses Nearby

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
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Both residences have separate utility payments, and the lower apartment has an updated kitchen and replacement vinyl flooring.
Where is this duplex located?
The property is located at 514 Newland Ave Jamestown, NY.
What is the asking price?
The asking price for this property is $62,500.
What are key features of this property?
This property features: Two units, each rented for $800 per month; Combined monthly rent of $1,600; Tenants pay their own utilities
More about this property
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