2900 Ellington Road
Gerry, NY, 14740
$390,000
6 Beds
0 Baths
5,940 SqFt
0.6 Acres
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MLS #R1648651 image #0
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.

Property Details

Price:
$390,000
MLS #:
R1648651
Status:
Active
Beds:
6
Baths:
0
Type:
Multi 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
Units:
6
Gerry-064489Gerry064489Cassadaga ValleyProbate

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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
Levels
Two

Exterior

Community Features
Laundry Facilities
Construction Materials
Block, Concrete
Exterior Features
Blacktop Driveway
Lot Features
Rectangular, Rectangular Lot, Residential Lot
Parking Features
One And One Half Spaces, Driveway, No Garage
Roof
Flat, Membrane, Rubber
Stories
2

Financial

Net Operating Income
$31,832
Taxes
$8,168

Map

Community

Market Summary

Current real estate data for Multi Family in Gerry as of Apr 23, 2026
1
Multi Family Listed
152
Avg DOM
66
Avg $ / SqFt
$390,000
Avg List Price

Property Summary

    2900 Ellington Road Gerry NY is a Multi Family for sale in Gerry, NY, 14740. It is listed for $390,000 To schedule a showing of MLS#r1648651 at 2900 Ellington Road in Gerry, NY, contact your Concrete Jungle Realty agent at 3472420937.

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