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33 Beds
0 Baths
28,060 sqft

$2,550,000

317 Fairmount Avenue, Jamestown NY, 14701

Price per sqft$90.88
Built in1980
Property size28,060 sqft
Property typeOther

Overview

Active

Listed Aug 20, 2025

Updated Aug 29

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.

$16,965/mo

Est. mortgage payment based on a $2,550,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
R1632258

Interior Features

Bedrooms
33
Bathrooms
0
Cooling
Yes
Heating
Yes
Basement
No

Other Property Details

Taxes
$45,456
Tax Frequency
Annually
MLS provider logo

 

Courtesy of PropertyMatch USA, LLC, Kristien Olson

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Disclaimer: 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), Bonnie Pagano Team, nor Luxury Presence shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

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Data last updated 4:24 AM UTC, 8/29/2026

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