For SaleMLS # R1598521276 days on market

218 2nd Street Unit 212-218

Jamestown, NY 14701 · Chautauqua County

Price

$549,900

Bed / Bath

21 bd

Interior

25,404 sqft

Lot

10,319 sqft lot

Built

1910

↓ Reduced from $649,900

About this home

BACK ON MARKET; BUYER FINANCING FAILED! Occupancy is the highest it’s been in years, and the current owner has completed numerous updates—making this 21-unit property a standout opportunity. This is an excellent investment for a savvy buyer seeking scale with the convenience of one centralized location. The property is operating smoothly with many improvements already completed. Current rent roll exceeds $13,000/month and continues to grow, offering immediate income with upside potential. There’s still room to increase value—implement strategic improvements to drive rents higher over time. The potential here is significant. Established property management has a strong relationship with tenants and is willing to remain in place, providing a seamless transition for the next owner.

Appliances

Electric Oven
Electric Range
Gas Oven
Gas Range
Gas Water Heater
Refrigerator

Mechanical

Heating

Electric, Gas, Baseboard, Space Heater

Schools

District

Jamestown

Elementary

Samuel G Love Elementary

Middle

Washington Middle

High School

Jamestown High

Tax & finance

Annual taxes

$13,753

Financing

Cash · Conventional

Location

Jamestown, NY 14701 · Chautauqua County

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MLS Attribution

Listing courtesy of Lawson Real Estate Chq., Inc.. Listing agent: Carolyn Lawson. Data last updated 5/26/2026. Information deemed reliable but not guaranteed; should be independently verified. © NYS Alliance of MLSs.