BACK ON MARKET; BUYER FINANCING FAILED! Occupancy is the highest it’s been in years, and the current owner has completed numerous updates—making this 21-unit property a standout opportunity.
This is an excellent investment for a savvy buyer seeking scale with the convenience of one centralized location. The property is operating smoothly with many improvements already completed. Current rent roll exceeds $13,000/month and continues to grow, offering immediate income with upside potential.
There’s still room to increase value—implement strategic improvements to drive rents higher over time. The potential here is significant.
Established property management has a strong relationship with tenants and is willing to remain in place, providing a seamless transition for the next owner.
This is an excellent investment for a savvy buyer seeking scale with the convenience of one centralized location. The property is operating smoothly with many improvements already completed. Current rent roll exceeds $13,000/month and continues to grow, offering immediate income with upside potential.
There’s still room to increase value—implement strategic improvements to drive rents higher over time. The potential here is significant.
Established property management has a strong relationship with tenants and is willing to remain in place, providing a seamless transition for the next owner.
Property Details
Price:
$549,900
MLS #:
R1598521
Status:
Active
Beds:
21
Baths:
0
Type:
Multi Family
Subtype:
Other
Subdivision:
A F Allen Brown
Neighborhood:
jamestowncity060800
Listed Date:
Apr 10, 2025
Finished Sq Ft:
25,404
Total Sq Ft:
25,404
Lot Size:
10,320 sqft / 0.24 acres (approx)
Year Built:
1910
Units:
21
See this Listing
Schools
School District:
Jamestown
Elementary School:
Samuel G Love Elementary
Middle School:
Washington Middle
High School:
Jamestown High
Interior
Appliances
Electric Oven, Electric Range, Gas Oven, Gas Range, Gas Water Heater, Refrigerator
Flooring
Carpet, Hardwood, Laminate, Varies
Heating
Electric, Gas, Baseboard, Space Heater
Exterior
Community Features
None
Construction Materials
Brick
Lot Features
Rectangular, Rectangular Lot
Parking Features
Three Or More Spaces, No Driveway, No Garage
Roof
Flat, Membrane, Rubber
Stories
3
Financial
Taxes
$13,753
Map
Community
- Address218 East 2nd Street 212-218 Jamestown NY
- SubdivisionA F Allen Brown
- 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 Apr 23, 2026
74
Multi Family Listed
143
Avg DOM
36
Avg $ / SqFt
$126,892
Avg List Price
Property Summary
- Located in the A F Allen Brown subdivision, 218 East 2nd Street 212-218 Jamestown NY is a Multi Family for sale in Jamestown, NY, 14701. It is listed for $549,900 To schedule a showing of MLS#r1598521 at 218 East 2nd Street 212-218 in Jamestown, NY, contact your Concrete Jungle Realty agent at 3472420937.
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Courtesy of Property Sisters of Chautauqua, Inc.. 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. 218 East 2nd Street 212-218
Jamestown, NY