Active
317 Fairmount Avenue, Jamestown NY 14701
MLS# R1632258
$2,725,000
Price
33
Beds
-
Baths
28,060
Living Area (Sq.Ft.)
$2,725,000
Price
33
Beds
-
Baths
28,060
Living Area (Sq.Ft.)
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. <br> <br>Property Highlights <br> • Unit Mix: 23 spacious two-bedroom apartments and 10 one-bedroom apartments, catering to a broad range of tenant demographics. <br> • Upgrades: Many units have been completely remodeled, offering modern finishes that attract quality tenants and command premium rents. <br> • 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. <br> • Outdoor Features: Residents enjoy green space and a gazebo area, creating a sense of community and enhancing tenant retention. <br> • Management: Professional, attentive management has maintained occupancy levels consistently above market averages, ensuring reliable income and reduced turnover risk. <br> <br>Investment Appeal <br> <br>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. <br> <br>Ideal for both private investors and institutional buyers, this is a turnkey multifamily acquisition in a demand-driven rental market.
Status
Active
Property Type
MultiFamily
Property Sub Type
Commercial
Year Built
1980
Parcel Number
387.09-1-3
Unit Number
--
Lot Features
Rectangular, Rectangular Lot
Lot Size Dimensions
238X380
Stories
3
Community Features
LaundryFacilities,StorageFacilities
Property Condition
Resale
Elementary School
Lincoln Elementary
Elementary School District
Jamestown
Middle Or Junior School
Persell Middle
Middle Or Junior School District
Jamestown
High School
Jamestown High
High School District
Jamestown
Location
Listing Agent
Kristien Olson
Listing Office
PropertyMatch USA, LLC
Owner Name
--
Owner Phone
--
Possession
Closing
Special Listing Conditions
Standard
Listing Terms
Cash
Listing Agreement
ExclusiveRightToSell
Listing Contract Date
2025-08-20
Owner Pays
Grounds Care, Water
Rent Includes
Common Area Maintenance, Water
Fire Places Total
0
Interior Features
Cathedral Ceilings
Flooring
Carpet, Laminate, Luxury Vinyl, Varies, Vinyl
Laundry Features
Coin Operated
Cooling
true
Cooling Features
HeatPump
Heating
true
Heating Features
Electric, Heat Pump, Baseboard
Appliances
Electric Cooktop, Electric Oven, Electric Range, Refrigerator
Garage
--
Garage Spaces
--
Exterior Features
Blacktop Driveway
Water Source
Connected, Public
Sewer
Connected
Roof
Membrane, Rubber
Utilities
Sewer Connected, Water Connected
Parking Features
One Space
Basement
None
Construction Materials
Brick
No schools found
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated 06/27/2025.
Digital Millennium Copyright Act (DMCA) Notice
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA"), provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices and counter-notices should be sent in writing by mail to DMCA Designated Agent.
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and e-mail address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Listed By
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated 06/27/2025.
Digital Millennium Copyright Act (DMCA) Notice
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA"), provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices and counter-notices should be sent in writing by mail to DMCA Designated Agent.
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and e-mail address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.