317 Fairmount Avenue, Jamestown, NY 14701
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.
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Home facts
- Year built:1980
- Listing ID #:R1632258
- Added:53 day(s) ago
- Updated:October 10, 2025 at 03:23 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
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