**Investor Opportunity – 205 Palmer St Two-Unit Rental Property**
Don’t miss this **income-producing investment opportunity at 205 Palmer St**. This **two-unit rental property** has strong potential for investors looking to expand their portfolio with a property positioned in a convenient, tenant-friendly area.
The building features **two separate units**, making it ideal for generating **dual rental income** or for an owner-occupant looking to offset their mortgage by renting the second unit. With the right updates and management strategy, this property presents a solid **value-add opportunity** with room to increase rents and long-term equity.
Located in a practical residential area, the property sits **close to Lincoln Elementary School**, a major convenience for families. It’s also just minutes from **3rd Street shopping**, including **Dollar General**, giving tenants quick access to everyday essentials. The surrounding neighborhood has easy access to local amenities, helping support steady rental demand.
**Investment Highlights**
* Two-unit residential property
* Opportunity for dual rental income
* Close to Lincoln Elementary School
* Minutes from 3rd Street amenities including Dollar General
* Strong rental demand area
* Potential value-add with updates
Whether you’re seeking a **cash-flowing rental, a house-hack opportunity, or your next renovation project**, **205 Palmer St has solid investment potential in a convenient area.**
*Add this property to your portfolio and take advantage of the income possibilities.*
AS-IS
Don’t miss this **income-producing investment opportunity at 205 Palmer St**. This **two-unit rental property** has strong potential for investors looking to expand their portfolio with a property positioned in a convenient, tenant-friendly area.
The building features **two separate units**, making it ideal for generating **dual rental income** or for an owner-occupant looking to offset their mortgage by renting the second unit. With the right updates and management strategy, this property presents a solid **value-add opportunity** with room to increase rents and long-term equity.
Located in a practical residential area, the property sits **close to Lincoln Elementary School**, a major convenience for families. It’s also just minutes from **3rd Street shopping**, including **Dollar General**, giving tenants quick access to everyday essentials. The surrounding neighborhood has easy access to local amenities, helping support steady rental demand.
**Investment Highlights**
* Two-unit residential property
* Opportunity for dual rental income
* Close to Lincoln Elementary School
* Minutes from 3rd Street amenities including Dollar General
* Strong rental demand area
* Potential value-add with updates
Whether you’re seeking a **cash-flowing rental, a house-hack opportunity, or your next renovation project**, **205 Palmer St has solid investment potential in a convenient area.**
*Add this property to your portfolio and take advantage of the income possibilities.*
AS-IS
Property Details
Price:
$39,900
MLS #:
R1665369
Status:
Pending
Beds:
5
Baths:
2
Type:
Multi Family
Subtype:
MultiFamily
Neighborhood:
jamestowncity060800
Listed Date:
Mar 6, 2026
Finished Sq Ft:
1,636
Total Sq Ft:
1,636
Lot Size:
6,000 sqft / 0.14 acres (approx)
Year Built:
1901
Units:
2
See this Listing
Schools
School District:
Jamestown
Elementary School:
Lincoln Elementary
Middle School:
Persell Middle
High School:
Jamestown High
Interior
Appliances
Gas Water Heater
Bathrooms
2 Full Bathrooms
Flooring
Hardwood, Laminate, Varies, Vinyl
Heating
Gas
Interior Features
Attic, Programmable Thermostat
Levels
Two
Exterior
Construction Materials
Aluminum Siding, Vinyl Siding
Garage Spaces
2
Lot Features
Rectangular, Rectangular Lot
Parking Features
Common, Garage, Gravel, Two Or More Spaces
Stories
2
Financial
Taxes
$2,535
Map
Community
- Address205 Palmer 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
- 205 Palmer Street Jamestown NY is a Multi Family for sale in Jamestown, NY, 14701. It is listed for $39,900
Similar Listings Nearby
Courtesy of EXP-Premier Listings Team. 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. 205 Palmer Street
Jamestown, NY

