205 Palmer Street
Jamestown, NY, 14701
$39,900
5 Beds
2 Baths
1,636 SqFt
0.14 Acres
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MLS #R1665369 image #0
**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** has strong potential for investors looking to expand their portfolio with a property positioned in a convenient, tenant-friendly area.

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 has 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 has solid investment potential in a convenient area.**

*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
Jamestown-city-060800Jamestowncity060800JamestownLincoln ElementaryPersell MiddleJamestown HighProbate

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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
Interior Features
Attic, Programmable Thermostat
Levels
Two

Exterior

Construction Materials
Aluminum Siding, Vinyl Siding
Garage Spaces
2
Lot Features
Rectangular, Rectangular Lot
Parking Features
Common, Garage, Gravel, Two Or More Spaces
Stories
2

Financial

Taxes
$2,535

Map

Community

Market Summary

Current real estate data for Multi Family in Jamestown as of Jun 08, 2026
80
Multi Family Listed
167
Avg DOM
29
Avg $ / SqFt
$103,470
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.

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