Excellent opportunity to acquire a fully rented two-unit property offered below market value for a quick sale. This income-producing property provides immediate rental income from day one and is an ideal opportunity for an investor seeking a turnkey addition to their portfolio.
Both units are currently occupied, offering established cash flow and no need to wait for lease-up. The property presents strong potential for long-term investment, with the opportunity to benefit from future appreciation and possible rent growth.
Whether you are a first-time investor or an experienced landlord looking to expand, this two-unit property offers affordability, immediate income and excellent value. Priced to sell quickly—don’t miss this opportunity to secure a fully rented investment property below market value.
Both units are currently occupied, offering established cash flow and no need to wait for lease-up. The property presents strong potential for long-term investment, with the opportunity to benefit from future appreciation and possible rent growth.
Whether you are a first-time investor or an experienced landlord looking to expand, this two-unit property offers affordability, immediate income and excellent value. Priced to sell quickly—don’t miss this opportunity to secure a fully rented investment property below market value.
Property Details
Price:
$29,900
MLS #:
R1718641
Status:
Active
Beds:
3
Baths:
2
Type:
Multi Family
Subtype:
MultiFamily
Neighborhood:
jamestowncity060800
Listed Date:
Oct 6, 2026
Finished Sq Ft:
2,080
Total Sq Ft:
2,080
Lot Size:
4,781 sqft / 0.11 acres (approx)
Year Built:
1865
Units:
2
See this Listing
Schools
School District:
Jamestown
Elementary School:
Milton J Fletcher Elementary
Middle School:
Persell Middle
High School:
Jamestown High
Interior
Appliances
Gas Water Heater
Bathrooms
2 Full Bathrooms
Below Grade Finished Area
965
Flooring
Laminate, Varies, Vinyl
Heating
Gas, Baseboard, Forced Air
Levels
One
Exterior
Architectural Style
Duplex
Construction Materials
Wood Siding
Lot Features
Irregular Lot, Near Public Transit, Residential Lot
Parking Features
Two Or More Spaces
Stories
1
Financial
Taxes
$1,163
Map
Community
- Address228 Forest Avenue 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 Oct 17, 2026
100
Multi Family Listed
173
Avg DOM
34
Avg $ / SqFt
$117,946
Avg List Price
Property Summary
- 228 Forest Avenue Jamestown NY is a Multi Family for sale in Jamestown, NY, 14701. It is listed for $29,900
Similar Listings Nearby
Courtesy of Century 21 Turner Brokers. 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. 228 Forest Avenue
Jamestown, NY