About This Home

This 5-bedroom, 3-bathroom residential multi family at 196 Falconer Street in Jamestown, NY is listed for $45,000 ($18 per sqft). Built in 1876, the home offers 2,546 sqft of living space on a 0.08 acres lot.

Key Features

  • Built in 1876
  • 0.08 acre lot
  • 2 stories

Property Details

2 stories
3 full
1876

Amenities

Hardwood
Listing Description

Attention investors! Bring your vision and take advantage of the potential this three-unit property has to offer. With spacious units, flexible living areas, and renovations already underway, this property presents an excellent value-add opportunity for an investor looking to build equity and maximize rental potential.

The first-floor unit offers two bedrooms with the possibility of a third, along with a living room, dining room, kitchen, pantry, and convenient in-unit laundry. The second-floor unit features two bedrooms, a family room, and additional living space in the attic, including one of the bedrooms and full bath.

This unit is ready for renovation and offers plenty of space and possibilities for the new owner to make it their own. The basement unit has been completely gutted and is approximately 70% of the way through its remodel. Improvements already completed include new drywall, insulation, and some new plumbing.

Even better, many of the materials needed to finish the project are already there, including a toilet, shower, vanity, flooring, and more. Whether you're an experienced investor, contractor, or someone looking for a multi-unit property where you can add value through improvements, this property offers plenty of potential. Finish the renovations, put your own touches on each unit, and turn this property into an income-producing investment!

Monthly Cost Estimate

$241/mo

20% down · 6.5% · 30 years

Principal$33
Interest$195
Insurance$13

Estimates only. Actual payments may vary.

Location

196 Falconer Street

Jamestown, NY 14701

Features & Amenities

Exterior Features

Deck

Property Details

Flooring

CarpetHardwoodVariesLaminate

Construction

VinylSiding

Outdoor Features

Deck

Heating

Natural GasOther (Heating)

Appliances

ElectricWaterHeaterGasWaterHeater

Questions & Answers

This 5-bedroom, 3-bathroom residential multi family at 196 Falconer Street is listed at $45,000 ($18/sqft). The estimated monthly payment is $241 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1876, 0.08 acre lot, 2 stories. Exterior Features: Deck.

This property is listed by Holly Hackett.

HH

Holly Hackett

License 10401371023

Agent at Real Estate Advantage

Listed by Real Estate Advantage · Broker phone: (716) 484-2020 · View on Broker Site · Broker website

MLS# R1707771· Source: New York State Alliance of MLSs, LLC· 76 days on PropertySimple

Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

196 Falconer Street, Jamestown, NY 14701

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