Presenting a well-maintained 33-unit multifamily community that combines strong curb appeal, excellent tenant amenities, and consistently above-average occupancy. This property represents a rare opportunity to acquire a stabilized asset with both proven cash flow and continued upside through modernized unit renovations.
Property Highlights
• Unit Mix: 23 spacious two-bedroom apartments and 10 one-bedroom apartments, catering to a broad range of tenant demographics.
• Upgrades: Many units have been completely remodeled, offering modern finishes that attract quality tenants and command premium rents.
• Building Quality: Secure, well-kept building with on-site storage and garage parking available for select units—an attractive amenity that differentiates the property in the marketplace.
• Outdoor Features: Residents enjoy green space and a gazebo area, creating a sense of community and enhancing tenant retention.
• Management: Professional, attentive management has maintained occupancy levels consistently above market averages, ensuring reliable income and reduced turnover risk.
Investment Appeal
This 33-unit property offers investors the rare combination of stability and value-add potential. With a strong history of occupancy, upgraded units, and attractive amenities, the building generates steady cash flow while still leaving room to capture further upside through the continuation of interior renovations and potential operational efficiencies.
Ideal for both private investors and institutional buyers, this is a turnkey multifamily acquisition in a demand-driven rental market.
Property Highlights
• Unit Mix: 23 spacious two-bedroom apartments and 10 one-bedroom apartments, catering to a broad range of tenant demographics.
• Upgrades: Many units have been completely remodeled, offering modern finishes that attract quality tenants and command premium rents.
• Building Quality: Secure, well-kept building with on-site storage and garage parking available for select units—an attractive amenity that differentiates the property in the marketplace.
• Outdoor Features: Residents enjoy green space and a gazebo area, creating a sense of community and enhancing tenant retention.
• Management: Professional, attentive management has maintained occupancy levels consistently above market averages, ensuring reliable income and reduced turnover risk.
Investment Appeal
This 33-unit property offers investors the rare combination of stability and value-add potential. With a strong history of occupancy, upgraded units, and attractive amenities, the building generates steady cash flow while still leaving room to capture further upside through the continuation of interior renovations and potential operational efficiencies.
Ideal for both private investors and institutional buyers, this is a turnkey multifamily acquisition in a demand-driven rental market.
Property Details
Price:
$2,550,000
MLS #:
R1632258
Status:
Active
Beds:
33
Baths:
0
Type:
Single Family
Subtype:
Commercial
Neighborhood:
jamestowncity060800
Listed Date:
Aug 20, 2025
Finished Sq Ft:
28,060
Total Sq Ft:
28,060
Year Built:
1980
See this Listing
Schools
School District:
Jamestown
Elementary School:
Lincoln Elementary
Middle School:
Persell Middle
High School:
Jamestown High
Interior
Appliances
Electric Cooktop, Electric Oven, Electric Range, Refrigerator
Cooling
Heat Pump
Flooring
Carpet, Laminate, Luxury Vinyl, Varies, Vinyl
Heating
Electric, Heat Pump, Baseboard
Laundry Features
Coin Operated
Exterior
Community Features
Laundry Facilities, Storage Facilities
Construction Materials
Brick
Exterior Features
Blacktop Driveway
Parking Features
One Space
Roof
Membrane, Rubber
Financial
Taxes
$45,456
Map
Community
- Address317 Fairmount Avenue 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 Single Family in Jamestown as of Mar 07, 2026
85
Single Family Listed
114
Avg DOM
59
Avg $ / SqFt
$130,627
Avg List Price
Property Summary
- 317 Fairmount Avenue Jamestown NY is a Single Family for sale in Jamestown, NY, 14701. It is listed for $2,550,000 and features 33 beds, 0 baths, and has approximately 28,060 square feet of living space, and was originally constructed in 1980. The current price per square foot is $91. The average price per square foot for Single Family listings in Jamestown is $59. The average listing price for Single Family in Jamestown is $130,627. To schedule a showing of MLS#r1632258 at 317 Fairmount Avenue in Jamestown, NY, contact your Concrete Jungle Realty agent at 3472420937.
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Courtesy of PropertyMatch USA, LLC. 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. 317 Fairmount Avenue
Jamestown, NY


