Active

2900 Gerry Ellington Road

Gerry, NY 14740

$375,000 $1,581/Mo

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Overview

Bed

Bath

5,940

Sqft

0.60

Acre(Lot)

Description

Exceptional Multifamily Investment – 7.9% Cap Rate Turnkey multifamily property offering a strong 7.9% cap rate and immediate cash flow. This well-maintained asset provides stable income with solid fundamentals, making it an excellent addition to any investor’s portfolio. The property features multiple units with strong occupancy and consistent rental history. Units are well-kept with functional layouts that appeal to long-term tenants. Located in a desirable rental corridor near major employers, transportation, shopping, and everyday amenities, this property benefits from steady tenant demand and long-term appreciation potential. Investment Highlights: • 7.9% cap rate • Stable tenant base • Strong rental history • Efficient operating expenses • Potential for rental upsid e Ideal for both seasoned investors and those looking to expand their multifamily holdings with a cash-flowing asset in a high-demand area. Contact for full financial package, rent roll, and expense breakdown.

Property Details

Property Type : Residential Income

Price : $375,000

AD Id : 69346462

MLS Id : R1648651

Beds : 6

Lot Size : 0.60 Acre

Living Area Size : 5,940

Year Built : 1960

County : Chautauqua

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 6

Room Information

Has Basement: Yes Basement: Partial
Flooring Information

Carpet, Ceramic Tile, Laminate, Varies
Roofing Information

Flat, Membrane, Rubber
Interior Features

Roof: Flat, Membrane, Rubber Appliances: Dryer, Gas Oven, Gas Range, Gas Water Heater, Refrigerator, Washer, Water Heater Laundry Features: Common Area
Heating & Cooling

Has Heating: Yes Heating: Baseboard, Hot Water, Natural Gas

Building Information

Year Built: 1960 Building Area Total: 5940 Construction Materials: Block, Concrete Stories: 2 Private Pool: No

Lot Information

Lot Dimensions: 99X264 Main Square Feet: 0.6 Acres Lot Size Acres: 0.6 Lot Size Square Feet: 26136 Lot Description: Rectangular Lot

Listing Price Information

Listing Price: $375000 Original Price: $395000 Cash, Conventional

Tax Information

Parcel Number: 064489-302-018-0001-043-002 Tax Lot: 43 Annual Tax: $8168

Parking Information

Driveway, No Garage, Paved

Location Information

WaterSource: Private, Well

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
5458 Herrick Rd, Gerry, NY, 14740	$265,500	3	2	1,248	1,248 SqFt
4489 Church Street, Gerry, NY, 14740	$329,900	5	3	2,014	2,014 SqFt

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ByOwner last updated this listing 06/08/2026 @ 23:37

MLS: R1648651 LISTED BY: Heather Chase, ERA Team VP Real Estate 716-413-0200 SOURCE: Upstate New York Real Estate Information Services (UNYREIS)