Attention investors! Bring your vision and take advantage of the potential this three-unit property has to offer. With spacious units, flexible living areas, and renovations already underway, this property presents an excellent value-add opportunity for an investor looking to build equity and maximize rental potential.
The first-floor unit offers two bedrooms with the possibility of a third, along with a living room, dining room, kitchen, pantry, and convenient in-unit laundry.
The second-floor unit features two bedrooms, a family room, and additional living space in the attic, including one of the bedrooms and full bath. This unit is ready for renovation and offers plenty of space and possibilities for the new owner to make it their own.
The basement unit has been completely gutted and is approximately 70% of the way through its remodel. Improvements already completed include new drywall, insulation, and some new plumbing. Even better, many of the materials needed to finish the project are already there, including a toilet, shower, vanity, flooring, and more.
Whether you’re an experienced investor, contractor, or someone looking for a multi-unit property where you can add value through improvements, this property offers plenty of potential. Finish the renovations, put your own touches on each unit, and turn this property into an income-producing investment!
The first-floor unit offers two bedrooms with the possibility of a third, along with a living room, dining room, kitchen, pantry, and convenient in-unit laundry.
The second-floor unit features two bedrooms, a family room, and additional living space in the attic, including one of the bedrooms and full bath. This unit is ready for renovation and offers plenty of space and possibilities for the new owner to make it their own.
The basement unit has been completely gutted and is approximately 70% of the way through its remodel. Improvements already completed include new drywall, insulation, and some new plumbing. Even better, many of the materials needed to finish the project are already there, including a toilet, shower, vanity, flooring, and more.
Whether you’re an experienced investor, contractor, or someone looking for a multi-unit property where you can add value through improvements, this property offers plenty of potential. Finish the renovations, put your own touches on each unit, and turn this property into an income-producing investment!
Property Details
Price:
$55,000
MLS #:
R1707771
Status:
Active
Beds:
5
Baths:
3
Type:
Multi Family
Subtype:
MultiFamily
Neighborhood:
jamestowncity060800
Listed Date:
Aug 17, 2026
Finished Sq Ft:
2,546
Total Sq Ft:
2,546
Lot Size:
3,600 sqft / 0.08 acres (approx)
Year Built:
1876
Units:
3
See this Listing
Schools
School District:
Jamestown
Elementary School:
Carlyle C Ring Elementary
Middle School:
Washington Middle
High School:
Jamestown High
Interior
Appliances
Electric Water Heater, Gas Water Heater
Bathrooms
3 Full Bathrooms
Below Grade Finished Area
672
Flooring
Carpet, Hardwood, Laminate, Varies
Heating
Gas, Stove, Wall Furnace
Levels
Two
Exterior
Architectural Style
Triplex
Construction Materials
Vinyl Siding
Exterior Features
Deck
Lot Features
Other, Rectangular, Rectangular Lot, See Remarks
Parking Features
Gravel, Two Or More Spaces
Patio And Porch Features
Deck
Roof
Shingle
Stories
2
Financial
Taxes
$1,633
Map
Community
- Address196 Falconer Street Jamestown NY
- CityJamestown
- CountyChautauqua
- Zip Code14701
Subdivisions in Jamestown
- A F Allen Brown
- Allen Estate Allotment B
- Allen Park Allotment
- Brooklyn Park Allotment
- Butlers Add
- Charles E Weeks
- City/Jamestown
- City/Jamestown Sec 387 06
- Elmhurst Park Allotment A
- Ericsson Heights Allotmen
- F F Petersons Allotment B
- Hall & Richs Allotment
- Hammond & Messengers Allo
- Holland Land Company Surv
- Holland Land Company’s Su
- Holland Land Companys Sur
- Jamestown
- John J Whitneys Allotment
- Lakeview Avenue
- Lewis Halls Allotment
- Mackay & Bromleys Allotme
- Myron Fishs Allotyment A
- Nettie E Sampson Allotmen
- Nettie Elizabeth Sampson
- Prendergast Ave
- Section 38809
- Sheldon Place Add
- Town/Carroll
- Wescott Allotment
- William D Coldrens Allotm
Market Summary
Current real estate data for Multi Family in Jamestown as of Sep 03, 2026
99
Multi Family Listed
175
Avg DOM
34
Avg $ / SqFt
$111,532
Avg List Price
Property Summary
- 196 Falconer Street Jamestown NY is a Multi Family for sale in Jamestown, NY, 14701. It is listed for $55,000
Similar Listings Nearby
Courtesy of Real Estate Advantage. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the New York State Alliance of MLSs. Detailed information about real estate listings held by brokerage firms other than Michael Paduano include the name of the listing broker. Neither the listing company nor Michael Paduano shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. New York State Alliance of MLSs. All rights reserved. 196 Falconer Street
Jamestown, NY

