317 Fairmount Ave Jamestown, NY 14701
Jamestown AreaEstimated payment $17,858/month
Highlights
- Cathedral Ceiling
- Coin Laundry
- Community Storage Space
- Baseboard Heating
- Rectangular Lot
- Carpet
About This Home
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.
Listing Agent
Listing by PropertyMatch USA, LLC Brokerage Phone: 716-969-0449 License #10491206170 Listed on: 08/20/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $45,456
Year Built
- Built in 1980
Lot Details
- Lot Dimensions are 238x380
- Rectangular Lot
Parking
- Driveway
Home Design
- Brick Exterior Construction
Interior Spaces
- 33 Bedrooms
- 28,060 Sq Ft Home
- 3-Story Property
- Cathedral Ceiling
Kitchen
- Electric Oven
- Electric Cooktop
Flooring
- Carpet
- Laminate
- Vinyl
Schools
- Lincoln Elementary School
- Persell Middle School
- Jamestown High School
Utilities
- Cooling Available
- Heat Pump System
- Baseboard Heating
Listing and Financial Details
- Assessor Parcel Number 060800-387.09-1-3
Community Details
Overview
- 33 Units
Amenities
- Coin Laundry
- Community Storage Space
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $941 | $18,000 | $3,200 | $14,800 |
| 2024 | $941 | $18,000 | $3,200 | $14,800 |
| 2023 | $934 | $18,000 | $3,200 | $14,800 |
| 2022 | $935 | $18,000 | $3,200 | $14,800 |
| 2021 | $937 | $18,000 | $3,200 | $14,800 |
| 2020 | $936 | $18,000 | $3,200 | $14,800 |
| 2019 | $1,028 | $18,000 | $3,200 | $14,800 |
| 2018 | $1,085 | $21,000 | $3,200 | $17,800 |
| 2017 | $1,091 | $21,000 | $3,200 | $17,800 |
| 2016 | $1,089 | $21,000 | $3,200 | $17,800 |
| 2015 | -- | $21,000 | $3,200 | $17,800 |
| 2014 | -- | $21,000 | $3,200 | $17,800 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/28/2026 08/28/26 | For Sale | $2,550,000 | 0.0% | $91 / Sq Ft |
| 08/20/2026 08/20/26 | Off Market | $2,550,000 | -- | -- |
| 02/11/2026 02/11/26 | Price Changed | $2,550,000 | -6.4% | $91 / Sq Ft |
| 08/20/2025 08/20/25 | For Sale | $2,725,000 | -- | $97 / Sq Ft |
Source: Chautauqua-Cattaraugus Board of REALTORS®
MLS Number: R1632258
APN: 060800-387-009-0001-003-001-0011
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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