Jamestown, NY 14701,317 Fairmount AVE
Jamestown, NY 14701,317 Fairmount AVE
Jamestown, NY 14701,317 Fairmount AVE
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$2,725,000
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33 Beds
28,060 SqFt
Active

317 Fairmount AVE Jamestown, NY 14701

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Michael Ablan

Michael Ablan

+1(315) 286-3256

UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 28,060 sqft

Price per Sqft $97

MLS Listing ID R1632258

Bedrooms 33

Construction Status Existing

HOA Y/N No

Year Built 1980

Annual Tax Amount $45,456

Lot Dimensions 238X380

Property Sub-Type Commercial

Property Description

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.

Location

State NY

County Chautauqua

Area Jamestown-City-060800

Rooms

Basement None

Interior

Interior Features Cathedral Ceiling(s)

Heating Electric, Heat Pump, Baseboard

Cooling Heat Pump

Flooring Carpet, Laminate, Luxury Vinyl, Varies, Vinyl

Fireplace No

Appliance Electric Cooktop, Electric Oven, Electric Range, Refrigerator

Laundry Coin-operated

Exterior

Exterior Feature Blacktop Driveway

Community Features Laundry Facilities, Storage Facilities

Utilities Available Sewer Connected, Water Connected

Roof Type Membrane,Rubber

Building

Lot Description Rectangular, Rectangular Lot

Story 3

Sewer Connected

Water Connected, Public

Structure Type Brick

Construction Status Existing

Schools

Elementary Schools Lincoln Elementary

Middle Schools Persell Middle

High Schools Jamestown High

School District Jamestown

Others

Senior Community No

Tax ID 387.09-1-3

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

Listed by PropertyMatch USA, LLC 716-969-0449

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 10
  • 7

    Clinton V Bush Elementary School

    Public | PK - 4

  • 6

    Samuel G Love Elementary School

    Public | PK - 4

  • 5

    Southwestern Elementary School

    Public | PK - 8

  • 5

    Carlyle C Ring Elementary School

    Public | PK - 4

  • 4

    Persell Middle School

    Public | 5 - 8

  • 4

    Milton J Fletcher Elementary School

    Public | PK - 4

  • 4

    George Washington Middle School

    Public | 5 - 8

  • 3

    Abraham Lincoln Elementary School

    Public | PK - 4

  • 3

    Thomas Jefferson Middle School

    Public | 5 - 8

  • 0

    Bethel Baptist Christian Academy

    Private | KG - 12

Middle Schools 1
  • 7

    Southwestern Middle School

    Public | 6 - 8

High Schools 2
  • 7

    Southwestern Senior High School

    Public | 9 - 12

  • 3

    Jamestown High School

    Public | 9 - 12

School and business data provided by Attom Data.

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Michael Ablan

Michael Ablan

NYS Lic. R.E. Broker / Owner / CEO | License ID: 10491209935

+1(315) 286-3256

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