For SaleMLS # R1648651197 days on market

2900 Gerry Ellington Road

Gerry, NY 14740 · Chautauqua County

Price

$375,000

Bed / Bath

6 bd

Interior

5,940 sqft

Lot

26,136 sqft lot

Built

1960

↓ Reduced from $390,000

About this home

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 upside 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.

Exterior features

Blacktop Driveway

Appliances

Dryer
Gas Oven
Gas Range
Gas Water Heater
Refrigerator
Washer

Mechanical

Heating

Gas, Baseboard, Hot Water

Schools

District

Cassadaga Valley

Tax & finance

Annual taxes

$8,168

Financing

Cash · Conventional

Location

Gerry, NY 14740 · Chautauqua County

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MLS Attribution

Listing courtesy of ERA Team VP Real Estate. Listing agent: Heather Chase. Data last updated 6/7/2026. Information deemed reliable but not guaranteed; should be independently verified. © NYS Alliance of MLSs.