Local realty services provided by:HUNT Real Estate ERA
317 Fairmount Avenue,Jamestown, NY 14701
$2,725,000
- 33 Beds
- - Baths
- 28,060 sq. ft.
- Multi-family
- Active
Listed by: kristien olson
Office: propertymatch usa, llc.
MLS#:R1632258
Source:NY_GENRIS
Price summary
- Price:$2,725,000
- Price per sq. ft.:$97.11
About this home
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.
Contact an agent
Home facts
- Year built:1980
- Listing ID #:R1632258
- Added:162 day(s) ago
- Updated:January 22, 2026 at 04:17 PM
Rooms and interior
- Bedrooms:33
- Living area:28,060 sq. ft.
Heating and cooling
- Cooling:Heat Pump
- Heating:Baseboard, Electric, Heat Pump
Structure and exterior
- Roof:Membrane, Rubber
- Year built:1980
- Building area:28,060 sq. ft.
Schools
- High school:Jamestown High
- Middle school:Persell Middle
- Elementary school:Lincoln Elementary
Utilities
- Water:Connected, Public, Water Connected
- Sewer:Connected, Sewer Connected
Finances and disclosures
- Price:$2,725,000
- Price per sq. ft.:$97.11
- Tax amount:$45,456
New listings near 317 Fairmount Avenue
- New
$69,900Active4 beds 2 baths1,796 sq. ft.31 Linwood Avenue, Jamestown, NY 14701
MLS# R1660253Listed by: AGRESTI REAL ESTATE - New
$29,900Active4 beds 2 baths1,560 sq. ft.58 Bemus Street, Jamestown, NY 14701
MLS# R1658801Listed by: CENTURY 21 TURNER BROKERS - New
$129,900Active3 beds 2 baths1,508 sq. ft.27 Oak Street, Jamestown, NY 14701
MLS# R1660083Listed by: PROPERTYMATCH USA, LLC - New
$33,900Active4 beds 2 baths2,092 sq. ft.11 E 15th Street, Jamestown, NY 14701
MLS# R1658805Listed by: CENTURY 21 TURNER BROKERS - New
$49,900Active3 beds 1 baths1,176 sq. ft.1788 Warren Jamestown Boulevard, Jamestown, NY 14701
MLS# R1660003Listed by: CENTURY 21 TURNER BROKERS - New
$65,000Active2 beds 2 baths1,708 sq. ft.105 Charles Street, Jamestown, NY 14701
MLS# R1659499Listed by: PROPERTY SISTERS OF CHAUTAUQUA, INC.
$20,000Pending3 beds 2 baths1,920 sq. ft.28 W 9th Street, Jamestown, NY 14701
MLS# R1657405Listed by: CENTURY 21 TURNER BROKERS- New
$125,000Active2 beds 4 baths2,209 sq. ft.608 Prendergast Avenue, Jamestown, NY 14701
MLS# R1659594Listed by: WALROD REALTY - New
$99,000Active3 beds 2 baths1,462 sq. ft.48 Pearl Avenue, Jamestown, NY 14701
MLS# R1659482Listed by: EXP-PREMIER LISTINGS TEAM - New
$165,000Active3 beds 1 baths1,232 sq. ft.495 S Main Street, Jamestown, NY 14701
MLS# R1659428Listed by: REAL ESTATE ADVANTAGE