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317 Fairmount Avenue

Jamestown, NY 14701
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Bed 33

Bed

Bath 0

Bath

SqFt28,060

Sqft

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 marketpla ce. • 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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Detail Ic Property Details

Property Type : Residential Income

Price : $2,550,000

AD Id : 66642655

MLS Id : R1632258

Beds : 33

Living Area Size : 28,060

Year Built : 1980

County : Chautauqua

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Feature Features

  • Bedroom Information

    Total beds: 33

    Room Information

    Basement: None
  • Flooring Information

    Carpet, Laminate, Varies, Vinyl
  • Roofing Information

    Membrane, Rubber
  • Interior Features

    Cathedral Ceiling(s) Roof: Membrane, Rubber Appliances: Electric Cooktop, Electric Oven, Electric Range, Refrigerator Laundry Features: Common Area
  • Heating & Cooling

    Has Heating: Yes Heating: Heat Pump, Electric, Baseboard Has Cooling: Yes Cooling: Heat Pump

  • Building Information

    Year Built: 1980 Building Area Total: 28060 Construction Materials: Brick Stories: 3 Private Pool: No

  • Lot Information

    Lot Dimensions: 238X380 Lot Description: Rectangular Lot

  • Listing Price Information

    Listing Price: $2550000 Original Price: $2725000 Cash

  • Tax Information

    Parcel Number: 060800-387.09-1-3 Annual Tax: $45456

  • Parking Information

    Parking Total: 1 Paved

  • School Information

    Elementary School: Lincoln Elementary
    Junior High School: Persell Middle
    Senior High School: Jamestown High
  • Utility Information

    Sewer Connected, Water Connected
  • Location Information

    WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1061 E 2nd Street, Jamestown, NY, 14701 $25,900 7 4 3,082 3,082 SqFt
1059 E 2nd Street, Jamestown, NY, 14701 $25,900 3 3 2,208 2,208 SqFt
416 Falconer Street, Jamestown, NY, 14701 $139,900 4 3 3,170 3,170 SqFt
1035 E 2nd Street, Jamestown, NY, 14701 $139,900 7 3 2,964 2,964 SqFt
43 Barrows Street, Jamestown, NY, 14701 $40,000 8 3 3,780 3,780 SqFt
400 Allen Street, Jamestown, NY, 14701 $155,000 6 3 2,833 2,833 SqFt
321 Allen Street, Jamestown, NY, 14701 $30,000 6 4 2,300 2,300 SqFt
7 Pullman Street, Jamestown, NY, 14701 $69,000 3 2 1,996 1,996 SqFt
18 Linwood Avenue, Jamestown, NY, 14701 $155,000 3 3 1,664 1,664 SqFt
109 Stowe Street, Jamestown, NY, 14701 $45,000 6 2 2,479 2,479 SqFt

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the New York State Alliance MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than ByOwner, are indicated by detailed information about them such as the name of the listing firms. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor ByOwner shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Copyright ©2026 New York State Alliance and participating MLS's - CNYIS, UNYREIS and WNYREIS. All Rights Reserved.

ByOwner last updated this listing 06/15/2026 @ 04:44

MLS: R1632258 LISTED BY: Kristien Olson, PropertyMatch USA, LLC 716-485-3833 SOURCE: Upstate New York Real Estate Information Services (UNYREIS)

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