**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** offers strong potential for investors looking to expand their portfolio with a property positioned in a convenient, tenant-friendly location.
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 offers 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 offers solid investment potential in a convenient location.**
*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** offers strong potential for investors looking to expand their portfolio with a property positioned in a convenient, tenant-friendly location.
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 offers 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 offers solid investment potential in a convenient location.**
*Add this property to your portfolio and take advantage of the income possibilities.*
AS-IS
Property Details
Price:
$39,900
MLS #:
R1665369
Status:
Active
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
Exterior
Construction Materials
Aluminum Siding, Vinyl Siding
Parking Features
Common, Garage, Gravel, Two Or More Spaces
Financial
Taxes
$2,535
Map
Community
- Address205 Palmer Street Jamestown NY
- CityJamestown
- CountyChautauqua
- Zip Code14701
Subdivisions in Jamestown
- A F Allen Brown
- Allen Estates Allotment B
- Allen Pk Allotment
- Bentley & Harringtons Map
- Broadhead Fisher & Wade M
- Brooklyn Park Allotment
- Curtis Realty Corp Allotm
- D Cornens Allotment
- Delaware Heights Allotmen
- Elmhurst Park Allotment A
- Emory Park Improv Corp In
- English Hill Garden Allot
- Ericsson Heights
- Ericsson Heights Allotmen
- Farmington
- Foots
- Galivan Allotment A
- Galivans Allotment A
- Harmon Covey Estate
- Heartland Gardens Sub
- Holland Land Company Surv
- Holland Land Company’s Su
- Holland Land Companys Sur
- Jamestown
- John Cowles
- Jones Gifford & Weeks
- Lewis Halls Add
- Lewis Halls Allotment
- Nellie Hallock Livingston
- Nettie E Sampson Allotmen
- Nettie Elizabeth Sampson
- Newland Park Sec C
- O F Prices Allotment O
- Of Prices Allotment K
- Parkview Allotment
- Pearl City Lawn Allotment
- Price Hultquist & Swanson
- R J Forbes
- Section 38809
- Valley View Sub
- Vandervoort
- W & J Land Companys Add
- W J Fullertons Allotment
- W J Weeks Lands
- Weeks & Marvins Map
Market Summary
Current real estate data for Multi Family in Jamestown as of Mar 08, 2026
71
Multi Family Listed
145
Avg DOM
31
Avg $ / SqFt
$66,418
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 To schedule a showing of MLS#r1665369 at 205 Palmer Street in Jamestown, NY, contact your Concrete Jungle Realty agent at 3472420937.
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 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. 205 Palmer Street
Jamestown, NY



