Exceptional Multifamily Investment – 7.9% Cap Rate
Turnkey multifamily property offering a strong 7.9% cap rate and immediate cash flow. This well-maintained asset provides stable income with solid fundamentals, making it an excellent addition to any investor’s portfolio.
The property features multiple units with strong occupancy and consistent rental history. Units are well-kept with functional layouts that appeal to long-term tenants.
Located in a desirable rental corridor near major employers, transportation, shopping, and everyday amenities, this property benefits from steady tenant demand and long-term appreciation potential.
Investment Highlights:
• 7.9% cap rate
• Stable tenant base
• Strong rental history
• Efficient operating expenses
• Potential for rental upside
Ideal for both seasoned investors and those looking to expand their multifamily holdings with a cash-flowing asset in a high-demand area.
Contact for full financial package, rent roll, and expense breakdown.
Turnkey multifamily property offering a strong 7.9% cap rate and immediate cash flow. This well-maintained asset provides stable income with solid fundamentals, making it an excellent addition to any investor’s portfolio.
The property features multiple units with strong occupancy and consistent rental history. Units are well-kept with functional layouts that appeal to long-term tenants.
Located in a desirable rental corridor near major employers, transportation, shopping, and everyday amenities, this property benefits from steady tenant demand and long-term appreciation potential.
Investment Highlights:
• 7.9% cap rate
• Stable tenant base
• Strong rental history
• Efficient operating expenses
• Potential for rental upside
Ideal for both seasoned investors and those looking to expand their multifamily holdings with a cash-flowing asset in a high-demand area.
Contact for full financial package, rent roll, and expense breakdown.
Property Details
Price:
$390,000
MLS #:
R1648651
Status:
Active
Beds:
6
Baths:
0
Type:
Single Family
Subtype:
Commercial
Neighborhood:
gerry064489
Listed Date:
Nov 22, 2025
Finished Sq Ft:
5,940
Total Sq Ft:
5,940
Lot Size:
26,136 sqft / 0.60 acres (approx)
Year Built:
1960
See this Listing
Schools
School District:
Cassadaga Valley
Interior
Appliances
Dryer, Gas Oven, Gas Range, Gas Water Heater, Refrigerator, Washer
Flooring
Carpet, Ceramic Tile, Laminate, Varies
Heating
Gas, Baseboard, Hot Water
Laundry Features
Coin Operated
Exterior
Community Features
Laundry Facilities
Construction Materials
Block, Concrete
Exterior Features
Blacktop Driveway
Parking Features
One And One Half Spaces, Driveway, No Garage
Roof
Flat, Membrane, Rubber
Financial
Taxes
$8,168
Map
Community
- Address2900 Ellington Road Gerry NY
- CityGerry
- CountyChautauqua
- Zip Code14740
Subdivisions in Gerry
Market Summary
Current real estate data for Single Family in Gerry as of Mar 08, 2026
9
Single Family Listed
98
Avg DOM
111
Avg $ / SqFt
$231,511
Avg List Price
Property Summary
- 2900 Ellington Road Gerry NY is a Single Family for sale in Gerry, NY, 14740. It is listed for $390,000 and features 6 beds, 0 baths, and has approximately 5,940 square feet of living space, and was originally constructed in 1960. The current price per square foot is $66. The average price per square foot for Single Family listings in Gerry is $111. The average listing price for Single Family in Gerry is $231,511. To schedule a showing of MLS#r1648651 at 2900 Ellington Road in Gerry, NY, contact your Concrete Jungle Realty agent at 3472420937.
Similar Listings Nearby
Courtesy of ERA Team VP Real Estate. 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 Concrete Jungle Realty include the name of the listing broker. Neither the listing company nor Concrete Jungle Realty 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. 2900 Ellington Road
Gerry, NY