BACK ON MARKET; BUYER FINANCING FAILED! Occupancy is the highest it’s been in years, and the current owner has completed numerous updates—making this 21-unit property a standout opportunity.
This is an excellent investment for a savvy buyer seeking scale with the convenience of one centralized location. The property is operating smoothly with many improvements already completed. Current rent roll exceeds $13,000/month and continues to grow, offering immediate income with upside potential.
There’s still room to increase value—implement strategic improvements to drive rents higher over time. The potential here is significant.
Established property management has a strong relationship with tenants and is willing to remain in place, providing a seamless transition for the next owner.
This is an excellent investment for a savvy buyer seeking scale with the convenience of one centralized location. The property is operating smoothly with many improvements already completed. Current rent roll exceeds $13,000/month and continues to grow, offering immediate income with upside potential.
There’s still room to increase value—implement strategic improvements to drive rents higher over time. The potential here is significant.
Established property management has a strong relationship with tenants and is willing to remain in place, providing a seamless transition for the next owner.
Property Details
Price:
$549,900
MLS #:
R1598521
Status:
Active
Beds:
21
Baths:
0
Type:
Multi Family
Subtype:
Other
Subdivision:
A F Allen Brown
Neighborhood:
jamestowncity060800
Listed Date:
Apr 10, 2025
Finished Sq Ft:
25,404
Total Sq Ft:
25,404
Lot Size:
10,320 sqft / 0.24 acres (approx)
Year Built:
1910
Units:
21
See this Listing
Schools
School District:
Jamestown
Elementary School:
Samuel G Love Elementary
Middle School:
Washington Middle
High School:
Jamestown High
Interior
Appliances
Electric Oven, Electric Range, Gas Oven, Gas Range, Gas Water Heater, Refrigerator
Flooring
Carpet, Hardwood, Laminate, Varies
Heating
Electric, Gas, Baseboard, Space Heater
Exterior
Community Features
None
Construction Materials
Brick
Lot Features
Rectangular, Rectangular Lot
Parking Features
Three Or More Spaces, No Driveway, No Garage
Roof
Flat, Membrane, Rubber
Stories
3
Financial
Taxes
$13,753
Map
Community
- Address218 East 2nd Street 212-218 Jamestown NY
- SubdivisionA F Allen Brown
- 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 Jul 17, 2026
95
Multi Family Listed
159
Avg DOM
32
Avg $ / SqFt
$109,723
Avg List Price
Property Summary
- Located in the A F Allen Brown subdivision, 218 East 2nd Street 212-218 Jamestown NY is a Multi Family for sale in Jamestown, NY, 14701. It is listed for $549,900
Similar Listings Nearby
Courtesy of Lawson Real Estate Chq., Inc.. 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. 218 East 2nd Street 212-218
Jamestown, NY