Jamestown Multifamily Fixer
For Sale
Contact for pricing
58 Bemus St, Jamestown, NY 14701
Multifamily property in Jamestown, New York, requiring renovation.
Property Size1,560 SF
Price / SF$19.17
Days on Market179
Property Features for 58 Bemus St
General Information
Standard status
Active
Size
1,560 SF
Property subtype
Multi-Family
Building Details
Year Built
1910
Listing Agency:
Century 21 Turner Brokers
Listed By:
Andrea Eckman · License #10401279663
(716) 450-6685
Source:
Skinnercnyrealty
Added: Apr 26
Changed: Oct 15
Last Checked: Oct 7 at 2:51PM
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 Century 21 Turner Brokers
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property located in Jamestown, New York, presents an opportunity for investors. The property is currently vacant and requires renovation. Utilities have been off for more than a year and will require inspection before being turned on. The property has a walk score of 62, indicating it is somewhat walkable, and a bike score of 36, indicating it is somewhat bikeable.
Key Highlights
- Great opportunity for investors.
- Vacant property ready for your vision.
- Built in 1910.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,810
Suggested Prices Based on Cap Rates
Cap Rate 5%
$236,200
$236.2K
Cap Rate 7%
$168,714
$168.7K
Cap Rate 9%
$131,222
$131.2K
Market Conditions
NOI Build-Up for 1,560 SF
Gross rent
$24.7K $15.84/SF
− Vacancy
−$3.2K −$2.08/SF
EGI
$21.5K $13.76/SF
− OpEx
−$9.7K −$6.19/SF
NOI
$11.8K $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 Rate 5%
$236,200
Cap Rate 7%
$168,714
Cap Rate 9%
$131,222
Alternative Uses
Best Use
Apartment 5plus
$168.7K
$147.6K – $196.8K
NOI $11,810 @ 7.0% cap · market cap 39.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$466.9K
$408.6K – $544.8K
NOI $32,685 @ 7.0% cap · market cap 109.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Location Intelligence
Trade Area within ½ mile
428
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily property in Jamestown, New York, requiring renovation.
Where is this multifamily property located?
The property is located at 58 Bemus St Jamestown, NY.
What are key features of this property?
This property features: Great opportunity for investors.; Vacant property ready for your vision.; Built in 1910.
