0 Spring St Jamestown, NY 14701
This exceptional investment opportunity presents a well-maintained seven-unit apartment building situated on a 0.36-acre lot in Jamestown, New York. The property, built in 1930, boasts a total of 7,292 square feet across two stories, offering a compelling price per square foot of $45.26 and a price per unit of $47,142.86. The asking price for this multifamily property is $330,000. All offers must include three parcels: 370.19-2-62, 370.19-2-61, and 370.19-2-60. The property features a strong net operating income (NOI), making it an attractive investment. Showings are limited to prospective buyers who submit a fully executed Letter of Intent or purchase contract to minimize disruption to the tenants. The current property manager will remain in place to ensure a smooth transition for the new owner. This is a rare opportunity to acquire a well-established multifamily property in a desirable location. The property's address is 15-23 Spring St, Jamestown, NY 14701, and its APN is 060800-370-019-0002-062-000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.